REAL 4000 Dietz, REAL 4000 Test 2 Dietz, UGA
REAL 4000 EXAM 3 Dietz, REAL 4000 Test 4
Dietz; Questions & Answers 100% Solved
5 types of commercial real estate Correct answer-Retail, Hotel, Office Space, Multifamily,
Warehouse/Industrial
Two types of property Correct answer-tangible and intangible
tangible Correct answer-physical assets that can be owned (can be real and personal)
intangible Correct answer-non physical assets such as stock bonds and mortgages, leases
What three ways are the term real estate used? Correct answer-1.Tangible Asset
(Building, Raw Land, Improvements to land) 2. Bundle of rights (Exclusive possession of the real
property (you own and can exclude) Use or enjoyment can do whatever you want within means
of law Disposition (sale) - selling the land
Can be unbundled (sticks)) 3. Real Estate as a career
Property Market Formula Correct answer-space market/capital market
Property Value Formula Correct answer-next years NOI/ Capitalization rate
1 acre = Correct answer-43560 sq ft
, REAL 4000 Dietz, REAL 4000 Test 2 Dietz, UGA
REAL 4000 EXAM 3 Dietz, REAL 4000 Test 4
Dietz; Questions & Answers 100% Solved
1 square mile = Correct answer-640 acres
4 Quadrants of Capital Markets Correct answer-Private equity
Private debt
Public equity
Public debt
Institutional grade property Correct answer->10 million
Investment Grade Correct answer-<10 million
What are rights? Correct answer-Claims that the government is obligated to enforce, non
revocable, enduring (not limited to memory of the owners)
Two different types of rights Correct answer-Personal & Property
Personal Rights Correct answer-guaranteed by the constitution
, REAL 4000 Dietz, REAL 4000 Test 2 Dietz, UGA
REAL 4000 EXAM 3 Dietz, REAL 4000 Test 4
Dietz; Questions & Answers 100% Solved
property rights Correct answer-the rights individuals or firms have to the exclusive use of
their property, including the right to buy or sell it
Real Property Correct answer-physical property such as land and buildings
Personal Property Correct answer-possessions such as jewelry, furniture, and boats
Fixtures Correct answer-Real property that was formerly personal property
four rules of fixtures Correct answer-1. Manner of attachment (how attached is it to the
property..clock vs light attached to ceiling...does it cause damage when removed quickly
2. Character of the article and manner of adaption (Dry bar in corner that was designed for
it)(other examples, church pew)
3. Intention of the parties (dominant rule): based on the customary assumptions of the realm
(will you bring the fridge when you leave?) some places take all of the appliances
4. Relation of the Parties: Trade Fixtures - commercial real estate fixtures that goes with the
tenant when they leave
interest Correct answer-Any set of rights in real property
, REAL 4000 Dietz, REAL 4000 Test 2 Dietz, UGA
REAL 4000 EXAM 3 Dietz, REAL 4000 Test 4
Dietz; Questions & Answers 100% Solved
Estate Correct answer-a real property interest that includes the right of exclusive
possession
- non possessory interests
Two types of estates Correct answer-Ownership estate & Leasehold estate
free simple absolute Correct answer-the highest and most complete form of ownership,
potentially infinite duration
Free simple conditional Correct answer-all rights, but revocable if specific condition is
violated (UGA property revocable if iron mine is opened on ag hill)
Ordinary Life Estate Correct answer-Estate in which the property owner retains all rights
of exclusive possession, use, and enjoyment for life while a subsequent owner holds a
remainder interest that follows the life estate.
Legal Life Estate Correct answer-A form of life estate established by state law, rather than
created voluntarily by an owner. It becomes effective when certain events occur. See dower,
curtesy, and homestead for legal life estates used in some states.
Tenacy for years Correct answer-does not have to be a year long
REAL 4000 EXAM 3 Dietz, REAL 4000 Test 4
Dietz; Questions & Answers 100% Solved
5 types of commercial real estate Correct answer-Retail, Hotel, Office Space, Multifamily,
Warehouse/Industrial
Two types of property Correct answer-tangible and intangible
tangible Correct answer-physical assets that can be owned (can be real and personal)
intangible Correct answer-non physical assets such as stock bonds and mortgages, leases
What three ways are the term real estate used? Correct answer-1.Tangible Asset
(Building, Raw Land, Improvements to land) 2. Bundle of rights (Exclusive possession of the real
property (you own and can exclude) Use or enjoyment can do whatever you want within means
of law Disposition (sale) - selling the land
Can be unbundled (sticks)) 3. Real Estate as a career
Property Market Formula Correct answer-space market/capital market
Property Value Formula Correct answer-next years NOI/ Capitalization rate
1 acre = Correct answer-43560 sq ft
, REAL 4000 Dietz, REAL 4000 Test 2 Dietz, UGA
REAL 4000 EXAM 3 Dietz, REAL 4000 Test 4
Dietz; Questions & Answers 100% Solved
1 square mile = Correct answer-640 acres
4 Quadrants of Capital Markets Correct answer-Private equity
Private debt
Public equity
Public debt
Institutional grade property Correct answer->10 million
Investment Grade Correct answer-<10 million
What are rights? Correct answer-Claims that the government is obligated to enforce, non
revocable, enduring (not limited to memory of the owners)
Two different types of rights Correct answer-Personal & Property
Personal Rights Correct answer-guaranteed by the constitution
, REAL 4000 Dietz, REAL 4000 Test 2 Dietz, UGA
REAL 4000 EXAM 3 Dietz, REAL 4000 Test 4
Dietz; Questions & Answers 100% Solved
property rights Correct answer-the rights individuals or firms have to the exclusive use of
their property, including the right to buy or sell it
Real Property Correct answer-physical property such as land and buildings
Personal Property Correct answer-possessions such as jewelry, furniture, and boats
Fixtures Correct answer-Real property that was formerly personal property
four rules of fixtures Correct answer-1. Manner of attachment (how attached is it to the
property..clock vs light attached to ceiling...does it cause damage when removed quickly
2. Character of the article and manner of adaption (Dry bar in corner that was designed for
it)(other examples, church pew)
3. Intention of the parties (dominant rule): based on the customary assumptions of the realm
(will you bring the fridge when you leave?) some places take all of the appliances
4. Relation of the Parties: Trade Fixtures - commercial real estate fixtures that goes with the
tenant when they leave
interest Correct answer-Any set of rights in real property
, REAL 4000 Dietz, REAL 4000 Test 2 Dietz, UGA
REAL 4000 EXAM 3 Dietz, REAL 4000 Test 4
Dietz; Questions & Answers 100% Solved
Estate Correct answer-a real property interest that includes the right of exclusive
possession
- non possessory interests
Two types of estates Correct answer-Ownership estate & Leasehold estate
free simple absolute Correct answer-the highest and most complete form of ownership,
potentially infinite duration
Free simple conditional Correct answer-all rights, but revocable if specific condition is
violated (UGA property revocable if iron mine is opened on ag hill)
Ordinary Life Estate Correct answer-Estate in which the property owner retains all rights
of exclusive possession, use, and enjoyment for life while a subsequent owner holds a
remainder interest that follows the life estate.
Legal Life Estate Correct answer-A form of life estate established by state law, rather than
created voluntarily by an owner. It becomes effective when certain events occur. See dower,
curtesy, and homestead for legal life estates used in some states.
Tenacy for years Correct answer-does not have to be a year long
