Ree 3043 exam 1 Study guides, Class notes & Summaries

Economists suggest that the value of something results from its utility and: ️: D. Scarcity A branch of economics that extends the basic ideas of the early classical and neoclassical economists to better understand and predict how humans use space is termed: ️: C. Urban economics Formal arrangements and associations that members of society make to support fundamental economic and social activities are referred to, in the text, as: ️: B. institutions Marshall contended that in a p...

REE 3043 Exam 1 FSU W

Which is NOT a method the federal government uses to influence the real estate market? - Through zoning regulation Real estate markets differ from other asset classes by having all of the following characteristics except: - homogeneous All of the following statements define the role of Real Estate in our economy except: - Real Estate generates only 20% of local government revenue (property tax). Real Estate as a tangible asset includes all of the following except: - A mortgage Approximate...

Which is NOT a method the federal government uses to influence the real estate market? - Through zoning regulation Real estate markets differ from other asset classes by having all of the following characteristics except: - homogeneous All of the following statements define the role of Real Estate in our economy except: - Real Estate generates only 20% of local government revenue (property tax). Real Estate as a tangible asset includes all of the following except: - A mortgage Approximate...

REE 3043 EXAM 1 QUESTIONS WITH CERTIFIED ANSWERS Elements of traditional zoning include all except: a. Bulk limits b. Performance standards c. Setback requirements d. Land use categories - Answer-Performance standards Externalities in land use include all except: a. Increase storm runoff from paving b. Traffic congestion c. Leap-frog development d. Inability to judge the quality of a structure, once built - Answer-Inability to judge the quality of a structure, once built Dev...

The gravity that draws economic activity into clusters is - demand for access or proximity The best example of a base economic activity would be a - regional sales office In a system of bid-rent curves, assuming that the households are identical except for the feature noted, which of these prospective bidders will bid successfully for the sites nearest to the CBD? - Households with the greatest number of commuting workers Rochester, Minnesota is home to the Mayo Clinic. People travel from a...

REE 3043 EXAM 1 QUESTIONS WITH REVISED ANSWERS A large university is an example of what kind of economic phenomenon? - Answer- Industry economies of scale. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: - Answer--User market Because of the heterogeneity and immobility of real estate assets, the market for evaluating, producing, buying, selling, leasing and managing real estate tends to be characterized as: - Answer--Locali...

REE 3043 EXAM 2 QUESTIONS WITH CERTIFIED ANSWERS T/F An investment philosophy outlines mainly whether the real estate investor will be an active or passive investor. - Answer-True T/F The rental rate specified in the lease contract is termed 'market rent'. - Answer-False T/F While income property markets are local, most income properties tend to be purchased by national investment companies, such as REITs. - Answer-False T/F The presentation of projected contract rents in the first ...

REE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS What two elements are involved in every real estate investment decision? - Answer- Initial cost and value of future benefit Approximately what portion of U.S. households owns their own home? - Answer- Approximately 2/3 A neighborhood association was formed to improve the community. They built parks, bike paths, landscaped the entrance and invited entertainers to perform at the 4th of July celebrations. All of this has ...