CCIM 101 Module 1 UPDATED Exam Questions and CORRECT Answers

CCIM 101 Module 1 UPDATE D Exam Questions and CORRECT Answers Who are the Two decision maker - CORRECT ANSWER - 1. The user 2. The investor The User's objective - CORRECT ANSWER - To make the decision regarding the space that they need for their business The investor's objective - CORRECT ANSWER - To make a decision regarding investment in properties that are or could be leased to users Can a user be an investor - CORRECT ANSWER - Yes User Decision - CORRECT ANSWER - They want space that meet the needs of their business in terms of location, size and layout of the space, quality of the building and perhaps proximity to other business that might be supplier or customers (1.3) Acquisition Decisions - CORRECT ANSWER - . Should space be acquired? . What type and how much space should be acquired? . Where should space be acquired? . Which space should be acquired? . What should the space acquisition entity be ? . should the space be leased or purchased? . What should the space the acquisition process be? Holding Period Decisions (leased space) - CORRECT ANSWER - . Should discretionary capital expenditures be made? . Should the capital structure of occupancy be changed? . Should the space utilization be changed? . Should the user continue to occupy the space? . Should the any lease options be exercised? . Should the lease be renegotiated? . Should the space be disposed of? Holding Period Decisions (Owned Space) - CORRECT ANSWER - . Should discretionary capital expenditures be made? . Should the capital structure be changed? . Should the space utilization be changed? . Should the space user continue to occupy the space? . Should the property be sold or exchanged? Disposition Decisions - CORRECT ANSWER - . What should the disposition price be?