UGA REAL 4000 EXAM 4 QUESTIONS AND ANSWERS | LATEST UPDATE | 2024/2025 | GRADED A+
4 views 0 purchase
Course
UGA REAL 4000
Institution
UGA REAL 4000
UGA REAL 4000 EXAM 4 QUESTIONS
AND ANSWERS | LATEST UPDATE |
2024/2025 | GRADED A+
What is comparative market analysis used for in real estate?
Comparative market analysis is used to estimate a property's value by comparing it to
similar properties recently sold in the area.
What does ...
UGA REAL 4000 EXAM 4 QUESTIONS
AND ANSWERS | LATEST UPDATE |
2024/2025 | GRADED A+
What is comparative market analysis used for in real estate?
✔✔ Comparative market analysis is used to estimate a property's value by comparing it to
similar properties recently sold in the area.
What does net operating income (NOI) represent?
✔✔ Net operating income represents the total income generated from a property minus all
operating expenses.
What is the gross lease in real estate?
✔✔ A gross lease is a lease agreement where the landlord covers all property expenses,
including taxes and maintenance, and the tenant pays a fixed rent.
What is an adjustable-rate mortgage?
✔✔ An adjustable-rate mortgage is a loan where the interest rate can change periodically based
on market conditions.
1
,What is property management?
✔✔ Property management involves overseeing and handling the day-to-day operations and
maintenance of rental properties.
What is the purpose of rent control?
✔✔ Rent control is a regulation that limits the amount by which a landlord can increase rent.
What does supply and demand refer to in real estate?
✔✔ Supply and demand refers to the relationship between the availability of properties and the
desire of buyers or renters for those properties.
What is land use zoning?
✔✔ Land use zoning is a regulatory tool used by local governments to control how land in
certain areas can be used or developed.
What is lease purchase option?
✔✔ A lease purchase option allows a tenant to rent a property with the option to buy it at the end
of the lease term.
2
, What does deed restriction mean?
✔✔ A deed restriction is a provision in a property deed that limits how the property can be used.
What is building code?
✔✔ A building code is a set of regulations that specifies the minimum standards for construction
and safety of buildings.
What is real estate investment trust (REIT)?
✔✔ A real estate investment trust (REIT) is a company that owns or finances income-producing
real estate and allows investors to buy shares.
What is the purpose of a property disclosure statement?
✔✔ A property disclosure statement provides information about the condition and history of a
property to potential buyers.
What is cost approach in property valuation?
✔✔ The cost approach estimates a property's value based on the cost to replace or reproduce the
property minus depreciation.
3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SterlingScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.24. You're not tied to anything after your purchase.
