RE Ch1 Answer Key

RE Ch1 Answer Key - a. Corporate equities b. Mortgage debts...

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Real Estate Principles: A Value Approach Chapter 1 Test Problems Answer Key 1. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: a. Rental market b. User market c. Housing market d. Capital market 2. The market in which required rates of return on available investment opportunities are determined is referred to as the: a. Rental market b. User market c. Housing market d. Capital market 3. The actions of local, state, and federal governments affect real estate values: a. Primarily through user markets b. Primarily through the capital market c. Primarily through their taxation policies d. All of the above 4. What portion of households own their house? a. Approximately one-third b. Approximately two-thirds c. Approximately one-half
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d. Approximately one-quarter 5. Of the following asset categories, which has the greatest aggregate market value?
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Unformatted text preview: a. Corporate equities b. Mortgage debts c. Government debt d. Nongovernment real estate 6. Storm water drainage systems are best described as: a. Tangible assets b. Improvements to the land c. Intangible assets d. Improvements on the land 7. What is the single largest asset category in the portfolio of a typical U.S. household? a. Real estate b. Consumer durables c. Stocks d. Bonds 8. Real estate markets differ from other asset classes by having all of the following characteristics except: a. Local market b. High transaction costs c. Segmented market d. Homogeneous product 9. Which if the following is not important to the location of commercial properties? a. Access to customers b. Visibility c. Access to schools d. Availability of communications infrastructure...
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RE Ch1 Answer Key - a. Corporate equities b. Mortgage debts...

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