Ree 3043 exam 1 Study guides, Class notes & Summaries

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...

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 exc...

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. Which of these are true about agglomeration economies?☑️☑️ All 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 result from demand created by multiple i...

The gravity that draws economic activity into clusters isdemand for access or proximity The best example of a base economic activity would be aregional 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 all over t...