FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 1: The Nature of Real Estate and Real Estate Markets

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 1

Multiple Choice

Review LaterAdd Note

Review Later

The demand for real estate derives from the need that participants in the user market have for shelter and convenient access to other locations.The primary participants in the user market include all of the following EXCEPT:

A) owner occupants
B) tenants
C) renters
D) pension fund managers

Correct Answer

verified

Show Answer

Question 2

Multiple Choice

Review LaterAdd Note

Review Later

The size of a single family residential lot is typically:

A) less than one acre
B) between one and two acres
C) between two and three acres
D) greater than three acres

Correct Answer

verified

A

Question 3

Multiple Choice

Review LaterAdd Note

In 2007,the housing market was widely viewed as:

When the value of land is considered,it is important to distinguish between land and raw land.Raw land refers to a(n) :

Real estate is property,which can be either a tangible or an intangible asset.Which of the following would be considered an intangible asset?

As of 2008,the single largest asset category in the net worth portfolios of households is:

What proportion of U.S.households own their home?

Large commercial properties valued well over $10 million are often referred to as:

Capital markets can be divided into four main categories: private equity,public equity,private debt,and public debt.An example of a real estate asset that trades in the private equity market is:

When viewed as a tangible asset,real estate can be defined as the land and its permanent improvements.Improvements on the land include:

As of December 2008,the market value of outstanding real estate mortgage debt was:

Primarily through land use controls and property tax policy,which of the following branches of government has the largest influence on real estate values?

The expected stream of rental income is capitalized into value by converting expected future cash flows into present value through a process called:

Competition in the _________,where households and firms compete for the currently available supply of locations and space,determines the level of rental income for each submarket and property.

Real estate values derive from the interaction of three different sectors in the economy.Which of the following sectors serves to allocate financial resources among households and firms requiring funds?

The required rate of return that an individual demands on a real estate investment is determined in the:

Each property has unique features,whether it is its age,the building design of its structures,or its location.As such,real estate markets,in contrast to other goods,are considered:

Especially in terms of retail properties,which of the following attributes is considered the most likely to result in drastic value differences between otherwise similar properties?

The national government can have a significant impact on the value of real estate through:

The market for buying,selling,and leasing real estate can be characterized by all of the following EXCEPT: