REAE 3325 Ch 6 Questions and Answers 100% CorrectREAE 3325 Ch 6 Questions and Answers 100% CorrectREAE 3325 Ch 6 Questions and Answers 100% CorrectREAE 3325 Ch 6 Questions and Answers 100% CorrectThree kinds of factors that affect the value of an urban property are - ANSWER-locational characteristi...
Three kinds of factors that affect the value of an urban property are - ANSWER-
locational characteristics
land-use controls
non-locational characteristics
Real estate cycles are affected by - ANSWER-changes in demand.
long real estate "gestation" periods.
business cycles
Which term best describes the activity of a researcher who is analyzing the nuances of
market sub-groups by their distinguishing needs? - ANSWER-difficult to predict
When a developer interviews people associated with an existing competing, yet similar
development to find out what they like and dislike about the development, this is called -
ANSWER-survey research
A major challenge in forecasting real estate market parameters and, therefore,
predicting values, is the presence of real estate ______________________ (which are
the result of lag in the industry's "natural correction process"). - ANSWER-cycles
Survey research can be especially valuable in real estate during a project's - ANSWER-
design
The most appropriate resource for a researcher looking for information on household
characteristics in a particular location is the - ANSWER-US Bureau of Census
A proposed residential project will face competition from other recently completed
projects, other builders, as well as sales of existing homes. As such, the developer must
attempt to estimate the _________________ for the proposed residential project to
determine if demand in that market segment will be sufficient to justify proceeding with
the project. - ANSWER-capture rate
Which is NOT a characteristic of The Elysian Forest planned unit development -
ANSWER-offered an affordable alternative to the existing housing market
Before effective real estate market research can be achieved, relevant _______ must
be examined. - ANSWER-market segmentation
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