Real estate 306 exam 1 Study guides, Class notes & Summaries
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Real Estate 306 Exam 1 Questions With Correct Answers.
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©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Questions With 
Correct Answers. 
Property - answerrefers to anything that can be owned or possessed 
Land - answermay include more than the earth, may also include improvements to the land 
Raw land - answerlarge land area with no improvements 
personal property - answerthings that are movable & not permanently affixed to the land 
Ownership rights - answerReal estate provides people with this "bundle of rights" 
- Rig...
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Real Estate 306 Exam 1 Questions With Correct Answers.
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Real Estate 306 Exam 1 Questions With 
Correct Answers. 
Real estate figure - answerspace consumer 
space producers 
public infrastructure 
space consumer - answerclient/user 
spaces producers - answerdevelopers, bankers, appraisers, brokers, lawyers 
public infrastructure - answercommunity (fire, police, garbage) 
developer's key objective - answergenerate risk-adjusted returns that create value and are 
able to manage risk 
development process/timeline - answerfind the opportunity 
land contr...
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Real Estate 306 Exam 1 Questions With Correct Answers
- Exam (elaborations) • 9 pages • 2024
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©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Questions With 
Correct Answers 
Real Estate - answerAn asset class, Land improvements on any land and improvements on it 
(use of leverage, inflation hedge, tangible asset, depreciates, 1031 Exchange) 
Real Estate as an Asset - answerHolds value and falls under PPE 
How much does Real Estate make up of the US GDP? - answer25% 
How many jobs does RE create for AMericans? - answer9 million 
How much government revenue is g...
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Real Estate 306 Exam 1 Terms
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©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 1 Terms 
Real estate has 3 definitions - answerphysical asset, rights from owning a property, the 
industry itself 
Physical asset definition - answerthe land and all permanent attachments to the land, with 
tangible vs. intangible assets 
Difference between real property and personal property? - answerReal property is pretty 
permanent. Personal property can be easily removed without leaving any marks/damages 
Physical rig...
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Real Estate 306 Midterm 1 Exam Questions and Answers with 100% Solutions | Rated A+
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Real Estate 306 Midterm 1 Exam 
Questions and Answers with 100% 
Solutions | Rated A+ 
Real estate - physical asset 
anything that can be owned or possessed; RIGHTS from owning property 
if you have right of possession, you own real estate 
profession and an industry 
real estate as a physical asset - is the land and all permanent 
attachments to the land and anything it is suitable for; ex. fixed structures 
or parking garage potential 
real estate as a bundle of rights - it is the services/ben...
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Real Estate 306 Final Exam Questions with Accurate Answers | Guaranteed Success
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Real Estate 306 Final Exam Questions 
with Accurate Answers | Guaranteed 
Success 
3 approaches to value - 1. sales comparison (market) approach 
2. cost approach 
3. income approach 
sales comparison (market) approach - -value of RE can be determined 
by analyzing the sale prices of similar properties 
-in a competitive market, close substitutes should sell for similar prices 
-difficulty: how many truly close substitutes exist & how many of these have 
sold recently? 
-"one price" rule (i.e....
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Real Estate 306 Midterm 1 Questions With Correct Answers
- Exam (elaborations) • 16 pages • 2024
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©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Midterm 1 Questions With 
Correct Answers 
Real estate - answerphysical asset 
anything that can be owned or possessed; RIGHTS from owning property 
if you have right of possession, you own real estate 
profession and an industry 
real estate as a physical asset - answeris the land and all permanent attachments to the land 
and anything it is suitable for; ex. fixed structures or parking garage potential 
real estate as a bundle...
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Real Estate 306 Final Exam Questions With Correct Answers.
- Exam (elaborations) • 41 pages • 2024
- Available in package deal
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©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Final Exam Questions With 
Correct Answers. 
Market where tenants negotiate rent and other terms with property owners as their managers is: - 
answerthe user market 
market in which required rates of return on available investment opportunities is: - answerthe 
capital market 
the actions of local, state and federal governments affect real estate values: - answerthrough 
user markets, capital markets and taxation 
what portion o...
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Real Estate 306 Exam 2 Questions With Correct Answers
- Exam (elaborations) • 12 pages • 2024
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©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Exam 2 Questions With 
Correct Answers 
Police Power - answerright of government to enact laws to protect the general health, 
welfare, and safety of public 
Federal Reserve - answersets a target range to keep healthy level of unemployment and 
inflation to avoid swings in the economy 
Federal Funds Rate (FFR) - answer- The average rate that banks pay when borrowing from 
each other overnight. 
- influences interest rates that b...
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Real Estate 306 Final Exam Study Guide.
- Exam (elaborations) • 20 pages • 2024
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©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 1:28 PM 
Real Estate 306 Final Exam Study Guide. 
3 approaches to value - answer1. sales comparison (market) approach 
2. cost approach 
3. income approach 
sales comparison (market) approach - answer-value of RE can be determined by analyzing 
the sale prices of similar properties 
-in a competitive market, close substitutes should sell for similar prices 
-difficulty: how many truly close substitutes exist & how many of these have sold recently? 
-"o...
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