REE 3043 TEST QUESTIONS WITH
COMPLETE SOLUTIONS GRADED A+
B. Market rent - Answer-The rent that can be obtained when leasing a property in an
open and competitive market?
a. contract rent
b. market rent
c. fair rent
d. justifiable rent
A. Periodic income and Appreciation - Answer-Income properties are purchased by
investors who desire primarily to receive?
a. periodic income and appreciation
b. prestige and prominence in a community
c. taxdeductions
d. the locational benefits associated with property ownership
Chapter 1: Real Estate Perspectives - Answer-
Scarcity - Answer-Economists suggest that the value of something results from its utility
and?
a. usefulness
b. demand
c. price
d. scarcity
Urban economics - Answer-A branch of economics that extends the basic ideas of the
early classical and neoclassical economists to better understand and predict how
humans use space is termed?
a. spatial economics
b. city economics
c. urban economics
d. building economics
Institutions - Answer-Formal arrangements and associations that members of society
make to support fundamental economic and social activities are referred to, in the text,
as...
a. contracts
, b. institutions
c. covenants
d. firms
Equal to its price - Answer-Marshall contended that in a perfect market, the value of a
good..?
A. was equal to it's price
B. should be more than the costs of production
c. should be less than its prce, otherwise it is not profitable to manufacturer
d. none of the above
unsecuritized commercial mortgages - Answer-Commercial mortgages held in the
portfolios of lenders are generally referred to as:
a. securitized commercial property
b. unsecuritized commercial property
c. securitized commercial mortgages
d. unsecuritized commercial mortgages
Financial assets - Answer-Stocks, bonds and cash are generally referred to as:
a. real assets
b. financial assets
c. monetary assets
d. securities
15% - Answer-Real estate in the United states represents approximately what portion of
the worlds wealth?
a. 15%
b. 35%
c. 50%
d. 75%
75% - Answer-Approximately of the wealth of real estate in the U.S.
accrues to residential property.
a. 15%
b. 35%
c. 50%
d. 75%
15% - Answer-According to the text, business real estate (excluding farmland) accounts
for approximately percent of the total value of real estate in the U.S?
a. 15%
b. 35%
c. 50%
d. 75%
Investment, Market, Valuation, Mortgage finance, Legal - Answer-The text organized to
describe the following *5 Perspectives* of Real Estate:
a. investment, market, valuation, mortgage finance, and legal
b. investment, market, mortgage, business, and legal
c. property, business, mortgage, legal, and brokerage
d. property, business, valuation, market, and legal
COMPLETE SOLUTIONS GRADED A+
B. Market rent - Answer-The rent that can be obtained when leasing a property in an
open and competitive market?
a. contract rent
b. market rent
c. fair rent
d. justifiable rent
A. Periodic income and Appreciation - Answer-Income properties are purchased by
investors who desire primarily to receive?
a. periodic income and appreciation
b. prestige and prominence in a community
c. taxdeductions
d. the locational benefits associated with property ownership
Chapter 1: Real Estate Perspectives - Answer-
Scarcity - Answer-Economists suggest that the value of something results from its utility
and?
a. usefulness
b. demand
c. price
d. scarcity
Urban economics - Answer-A branch of economics that extends the basic ideas of the
early classical and neoclassical economists to better understand and predict how
humans use space is termed?
a. spatial economics
b. city economics
c. urban economics
d. building economics
Institutions - Answer-Formal arrangements and associations that members of society
make to support fundamental economic and social activities are referred to, in the text,
as...
a. contracts
, b. institutions
c. covenants
d. firms
Equal to its price - Answer-Marshall contended that in a perfect market, the value of a
good..?
A. was equal to it's price
B. should be more than the costs of production
c. should be less than its prce, otherwise it is not profitable to manufacturer
d. none of the above
unsecuritized commercial mortgages - Answer-Commercial mortgages held in the
portfolios of lenders are generally referred to as:
a. securitized commercial property
b. unsecuritized commercial property
c. securitized commercial mortgages
d. unsecuritized commercial mortgages
Financial assets - Answer-Stocks, bonds and cash are generally referred to as:
a. real assets
b. financial assets
c. monetary assets
d. securities
15% - Answer-Real estate in the United states represents approximately what portion of
the worlds wealth?
a. 15%
b. 35%
c. 50%
d. 75%
75% - Answer-Approximately of the wealth of real estate in the U.S.
accrues to residential property.
a. 15%
b. 35%
c. 50%
d. 75%
15% - Answer-According to the text, business real estate (excluding farmland) accounts
for approximately percent of the total value of real estate in the U.S?
a. 15%
b. 35%
c. 50%
d. 75%
Investment, Market, Valuation, Mortgage finance, Legal - Answer-The text organized to
describe the following *5 Perspectives* of Real Estate:
a. investment, market, valuation, mortgage finance, and legal
b. investment, market, mortgage, business, and legal
c. property, business, mortgage, legal, and brokerage
d. property, business, valuation, market, and legal
