Ree 3043 exam 1 questions Study guides, Class notes & Summaries

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 2 QUESTIONS WITH CERTIFIED ANSWERS A statement by a real estate investment trust that it invests only in apartment buildings that are larger than 50 units and less than 10 years old is an example of an investment: - Answer-D. Policy statement The rent that can be obtained when leasing a property in an open and competitive market is termed: - Answer-Market Rent Income properties are purchased by investors who desire primarily to receive: - Answer- A. periodic income and appr...

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 Chapter 1: Real Estate Perspectives Scarcity - answerEconomists suggest that the value of something results from its utility and? a. usefulness b. demand c. price d. scarcity Urban economics - answerA 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? a. spatial economics b. city economics c. urban economics d. building eco...

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 Revised Answers The "gravity" that draws economic activity into clusters is: - answerdemand for access or proximity. The best example of a base economic activity would be a: - answerregional sales office. Which of these are true about agglomeration economies? - answerAll of these answers are correct. (They create a readily available supply of highly specialized goods and labor. They tend to reduce risks in real estate. They occur in larger cities. They res...

been a reason why cities developed Except - answerThe availability of top entertainers The set of activities that a city provides for the world beyond its boundaries is called: - answerEconomic Base The bid-rent curve is influenced by various factors but NOT : - answermale vs. female commuters Calculate the location quotient for the healthcare industry of a certain city given the following facts: Total % of city population working in healthcare is: 30% Total % of U.S. population working...

REE 3043 Final Exam Questions With Revised Answers What is ARMS - answeradjustable rate mortgages ARMS features - answer- initial teaser rate - initial adjustment period - adjustment interval (1 year is most common) Fully indexed rate - answerIndex plus Margin Capped rate - answerInitial plus Cap Lender's yield cash flow - answeramount disbursed by lender = LA - Lender fees APR cash flow - answerAmount Financed= LA - Broker fees Effective borrowing cost cash flow - answeramount receiv...