Real estate 306 exam 1 Study guides, Class notes & Summaries

Real Estate 306 Exam 1; Questions and Answers 100% Correct property Correct answer-refers to anything that can be owned or possessed Land Correct answer-may include more than the earth, may also include improvements to the land Raw land Correct answer-large land area with no improvements personal property Correct answer-things that are movable & not permanently affixed to the land Ownership rights Correct answer-Real estate provides people with this "bundle of rights"

Real Estate 306 Exam 1; Questions and Answers 100% Correct A market value where tenants negotiate rent and other terms with property owners or their managers is referred to as a : a. property market b. user market c. housing market d. capital market Correct answer-b. user market

Real Estate 306 Exam 1; Questions and Answers 100% Correct real estate figure Correct answer-space consumer space producers public infrastructure space consumer Correct answer-client/user spaces producers Correct answer-developers, bankers, appraisers, brokers, lawyers public infrastructure Correct answer-community (fire, police, garbage

Co ownership types: - - Condominium - Cooperative - Timeshare Land - may include more than the earth, may also include improvements to the land personal property - things that are movable & not permanently affixed to the land Ownership rights - Real estate provides people with this "bundle of rights" - Rights to: Use/Occupy Sell Lease Give away Do all or none "real property" vs. real estate security privacy location User markets - characterized by competition among users for ...

Factors that affect a bid-rent curve - - number of commuters or firms - wage rate (time cost) of commuters - speed of travel - frequency of trips Certain requirements for deed: - - Name grantor and grantee - Consideration and conveyance - Contain certain covenants and clauses - Contain exceptions and/or reservations clause & phsycial descriptions - acknowledgment and delivery Action of water - -Involuntary conveyance -accretion reliction - deposit soil, subsiding of water Actual notic...

Real Estate 306 Exam 1; Questions and Answers 100% Correct Real Estate Correct answer-An 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 Correct answer-Holds value and falls under PPE How much does Real Estate make up of the US GDP? Correct answer-25% How many jobs does RE create for AMericans? Correct answer-9 million

An undivided share of the whole, plus "survivorship" rights (restricts inheritance to heirs of the last surviving owner)• Not available in every state - joint tenancy -Mortgage-Leases-Mechanics Liens-Private Deed Restrictions. are all known as - title encumbrances -Name grantor and grantee -Dated and signed -Consideration -Words of conveyance -Delivery -Receipt of delivery - requirements of a deed -Pay for specific improvements - a new alley, new utilities to the home, new sidewal...

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developer's key objective - generate risk-adjusted returns that create value and are able to manage risk balance of land use - quiet enjoyment (private), eminent domain/takings/just compensation (public purpose), rights of police power, due process 5th, 5th, 10th, 14th amendments building codes - older than zoning; fire, sanitation and injury building shapes and sizes determined by - legally permissible, physically possible, market feasible cash flow drivers - revenue operating expenses...