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60 Hour Unit 1 Flashcards | StudBud

Explore/60 Hour Unit 1

60 Hour Unit 1

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Questions 8

Answers

1
Property management, appraisal, financing, and development are all
demographic factors affecting demand for real property in a commercial mkt
separate professions within the real estate industry
specialized fields linked to state & federal government financial policies
real estate brokerage professions
2
In terms of real estate investment, another name for depreciation is
intrinsic value
cost recovery
liquidity
leverage
3
All of these are examples of government policies that can affect the real estate market EXCEPT
land-use controls, such as zoning.
the Federal Reserve Board’s discount rate.
federal environmental regulations.
a shortage of skilled labor or building materials
4
A property owner who does not want to deal with the everyday tasks of managing a rental property can hire
a developer
a property manager
a home inspector
an appraiser
5
All of these factors will tend to affect demand for real estate EXCEPT
wage rates.
employment levels.
demographics.
transfer taxes.
6
All of these factors can affect the supply of real estate EXCEPT
demographics
construction costs
government controls
labor force
7
Office buildings and retail space are examples of
industrial property.
residential property.
commercial real estate.
special use real estate.
8
When the population of a town suddenly increases, which of these is MOST likely to occur?
Real estate prices will increase
Demand for housing will decrease
New housing starts will decrease
Rental rates will fall due to increased competition