Real estate 306 exam 1 - Study guides, Class notes & Summaries

developer's key objective - generate risk-adjusted returns that create value and are able to manage risk balance of land use - quiet enjoyment (private), eminent domain/takings/just compensation (public purpose), rights of police power, due process 5th, 5th, 10th, 14th amendments building codes - older than zoning; fire, sanitation and injury building shapes and sizes determined by - legally permissible, physically possible, market feasible cash flow drivers - revenue operating expenses...

Real Estate 306 Exam 1 | Questions And Answers Latest {} A+ Graded | 100% Verified

Real Estate 306 Exam 1 | Questions And Answers Latest {} A+ Graded | 100% Verified

Real Estate 306 Exam 1 Terms; Questions and Answers 100% Correct Real estate has 3 definitions Correct answer-physical asset, rights from owning a property, the industry itself Physical asset definition Correct answer-the land and all permanent attachments to the land, with tangible vs. intangible assets Difference between real property and personal property? Correct answer-Real property is pretty permanent. Personal property can be easily removed without leaving any marks/damages

Real Estate 306 Exam 1 | Questions And Answers Latest {} A+ Graded | 100% Verified

Real Estate 306 Exam 1 | Questions And Answers Latest {} A+ Graded | 100% Verified

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direct co-ownership forms (go into deeper detail later) - lots of forms, such as tenancy in common, joint tenancy, tenancy by the entirety, condominium, cooperative A "fixture" is.... - real property that formerly was personal property affirmative easements give the dominant parcel some intrusive use of the servient parcel - driveway or access right-of-way, sewer line, drainage, common wall appurtenant - a right of use that a (dominant) parcel of land "enjoys" over an adjacent (servient...

Commission - A fee that a real estate broker is paid on the sale of an asset or the lease of a space. Typically calculated as a percentage of the sales price or percentage of the total rental income over the life of the lease. Architect Contract Phases - Schematic design, design development, bid negotiation, construction documents, and construction administration. Architecture - The work of developing concepts and converting those concepts into images and plans that are used to construct b...

Difference between real property and personal propertyDifference between real property and personal propertyDifference between real property and personal propertyDifference between real property and personal propertyDifference between real property and personal propertyDifference between real property and personal propertyDifference between real property and personal propertyDifference between real property and personal propertyDifference between real property and personal propertyDifference bet...