(: Module 1 Blackboard (Exam 1) - Complete Study Guide and Practice Test Review).
Hide definitions
Real estate is
property
two types of property
tangible and intangible
tangible
physical assets that can be owned, can be real or personal property, Dirt
stock
piece of paper that shows you have ownership in perhaps a company
bonds
debt instrument where somebody owes you money and you have a contract
Real estate as a tangible asset
"Raw" land
Improvements to the land
-Excavation and fill
-Sewers and other utilities
-Roads and driveways
3/7/2026, 6:26:28 PM
,(: Module 1 Blackboard (Exam 1) - Complete Study Guide and Practice Test Review).
Real estate as a tangible asset
Structures (improvements on the land)
Leases
type of contracts (not physical) owns the right to it
Intangible
stocks, bonds, mortgages, leases
RE is intangible assets
- a bundle of rights
-exclusive possession of the real property
-use/enjoyment
-disposition: can sell it!
-can unbundle (owner leases property to vendor)
dirt / land is valuable only....
to the extent it can be put to a productive use!
3/7/2026, 6:26:28 PM
, (: Module 1 Blackboard (Exam 1) - Complete Study Guide and Practice Test Review).
real estate as an industry and profession
Brokerage- buy/sell properties
Development- raw land->house
Leasing- lease spaces inside a building
Property management-maintain properties/leases
Real estate as an industry and profession
asset management- keep track of the buying and selling of real estate
Appraisal- value a property/how much is it worth
Market consulting- how can properties be used
Counseling-diff ways an owner can use property
Real estate as an industry and profession
Planning- city zoning
Government regulation and taxation: schools etc
Housing assistance- government
mortgage finance- ability to lend on a property /borrow
Investment management
Real estate in the economy
- Generates over 25% of U.S. gross domestic product
-housing alone accounts for 17-18%
-generates large percentage of local government revenue
-creates jobs for 9 million americans
3/7/2026, 6:26:28 PM
Hide definitions
Real estate is
property
two types of property
tangible and intangible
tangible
physical assets that can be owned, can be real or personal property, Dirt
stock
piece of paper that shows you have ownership in perhaps a company
bonds
debt instrument where somebody owes you money and you have a contract
Real estate as a tangible asset
"Raw" land
Improvements to the land
-Excavation and fill
-Sewers and other utilities
-Roads and driveways
3/7/2026, 6:26:28 PM
,(: Module 1 Blackboard (Exam 1) - Complete Study Guide and Practice Test Review).
Real estate as a tangible asset
Structures (improvements on the land)
Leases
type of contracts (not physical) owns the right to it
Intangible
stocks, bonds, mortgages, leases
RE is intangible assets
- a bundle of rights
-exclusive possession of the real property
-use/enjoyment
-disposition: can sell it!
-can unbundle (owner leases property to vendor)
dirt / land is valuable only....
to the extent it can be put to a productive use!
3/7/2026, 6:26:28 PM
, (: Module 1 Blackboard (Exam 1) - Complete Study Guide and Practice Test Review).
real estate as an industry and profession
Brokerage- buy/sell properties
Development- raw land->house
Leasing- lease spaces inside a building
Property management-maintain properties/leases
Real estate as an industry and profession
asset management- keep track of the buying and selling of real estate
Appraisal- value a property/how much is it worth
Market consulting- how can properties be used
Counseling-diff ways an owner can use property
Real estate as an industry and profession
Planning- city zoning
Government regulation and taxation: schools etc
Housing assistance- government
mortgage finance- ability to lend on a property /borrow
Investment management
Real estate in the economy
- Generates over 25% of U.S. gross domestic product
-housing alone accounts for 17-18%
-generates large percentage of local government revenue
-creates jobs for 9 million americans
3/7/2026, 6:26:28 PM
