principles of real estate test 1 (chapters 1-4) EXAM QUESTIONS AND ANSWERS 100% CORRECT!

a market where tenants negotiate rent and other terms with property owners of their managers is referred to as - ANSWER user market the market in which required rate of return on available investment opportunities are determined is refereed to as - ANSWER capital market the actions of local state and federal governments affect real estate values - ANSWER primary though user markets, equity markets, their taxation policies what proportion of households own their houses - ANSWER 2/3 of the following asset categories which has the greatest aggregate market value - ANSWER non governmental real estate what is the single largest asset category in the portfolio of a typical US household - ANSWER housing real estate markets differ from other asset classes by having all of the following characteristics - ANSWER homogeneous product which of the following is not important to the location of commercial properties - ANSWER access to schools which if the following attributes of a home are the most difficult to observe and value - ANSWER location which of the following is not a form of property rights - ANSWER license