REE 3043 Quiz 2 UPDATED Exam
Questions and CORRECT Answers
Factors that affect housing market segmentation include all except: - CORRECT
ANSWER - Household unemployment Status
The process of creating a "market-defining story" includes all of these questions except: -
CORRECT ANSWER - What is the price?
The cycle of real estate market research starts with: - CORRECT ANSWER - a) Creating a
market-defining story
Features of an office building that may be important to one market segment or another include: -
CORRECT ANSWER - All of the above
A strong assertion about the large amount of data seemingly available for real estate market
research is that most of it is: - CORRECT ANSWER - Irrelevant to a given analysis
The approach to real estate market research advocated in this chapter starts with the: -
CORRECT ANSWER - nature of the property
A powerful tool for managing, manipulating, and displaying location-specific data is: -
CORRECT ANSWER - geographical information systems
A very sophisticated, data intensive, and statistically intensive method of examining market
segmentation is known as: - CORRECT ANSWER - psychographic research
Causes of real estate cycles include: - CORRECT ANSWER - Business cycles and long
real estate "gestation" periods
, Data used in the market research cases in this chapter that are publicly available over the Internet
include all of the following except: - CORRECT ANSWER - d. Data on job location from
the National Transportation board
Market Parameters - CORRECT ANSWER - key numbers that characterize the current
conditions and trend in market
Three kinds of factors that affect the value of an urban property are: - CORRECT
ANSWER - all of the above
Real estate cycles are NOT affected by: - CORRECT ANSWER - none of the above
Which term best describes the activity of a researcher who is analyzing the nuances of market
sub-groups by their distinguishing needs? - CORRECT ANSWER - market segmentation
When it comes to "real world" solutions, the variables involved in predicting occupancy and
rental rate growth parameters are: - CORRECT ANSWER - difficult to predict
When a developer interviews people associated with an existing competing, yet similar
development to find out what they like and dislike about the development, this is called: -
CORRECT ANSWER - survey research
A major challenge in forecasting real estate market parameters and, therefore, predicting values,
is the presence of real estate ______________________ (which are the result of lag in the
industry's "natural correction process") - CORRECT ANSWER - cycles
Survey research can be especially valuable in real estate during a project's - CORRECT
ANSWER - design
The most appropriate resource for a researcher looking for information on household
characteristics in a particular location is the - CORRECT ANSWER - US Bureau of
Census
Questions and CORRECT Answers
Factors that affect housing market segmentation include all except: - CORRECT
ANSWER - Household unemployment Status
The process of creating a "market-defining story" includes all of these questions except: -
CORRECT ANSWER - What is the price?
The cycle of real estate market research starts with: - CORRECT ANSWER - a) Creating a
market-defining story
Features of an office building that may be important to one market segment or another include: -
CORRECT ANSWER - All of the above
A strong assertion about the large amount of data seemingly available for real estate market
research is that most of it is: - CORRECT ANSWER - Irrelevant to a given analysis
The approach to real estate market research advocated in this chapter starts with the: -
CORRECT ANSWER - nature of the property
A powerful tool for managing, manipulating, and displaying location-specific data is: -
CORRECT ANSWER - geographical information systems
A very sophisticated, data intensive, and statistically intensive method of examining market
segmentation is known as: - CORRECT ANSWER - psychographic research
Causes of real estate cycles include: - CORRECT ANSWER - Business cycles and long
real estate "gestation" periods
, Data used in the market research cases in this chapter that are publicly available over the Internet
include all of the following except: - CORRECT ANSWER - d. Data on job location from
the National Transportation board
Market Parameters - CORRECT ANSWER - key numbers that characterize the current
conditions and trend in market
Three kinds of factors that affect the value of an urban property are: - CORRECT
ANSWER - all of the above
Real estate cycles are NOT affected by: - CORRECT ANSWER - none of the above
Which term best describes the activity of a researcher who is analyzing the nuances of market
sub-groups by their distinguishing needs? - CORRECT ANSWER - market segmentation
When it comes to "real world" solutions, the variables involved in predicting occupancy and
rental rate growth parameters are: - CORRECT ANSWER - difficult to predict
When a developer interviews people associated with an existing competing, yet similar
development to find out what they like and dislike about the development, this is called: -
CORRECT ANSWER - survey research
A major challenge in forecasting real estate market parameters and, therefore, predicting values,
is the presence of real estate ______________________ (which are the result of lag in the
industry's "natural correction process") - CORRECT ANSWER - cycles
Survey research can be especially valuable in real estate during a project's - CORRECT
ANSWER - design
The most appropriate resource for a researcher looking for information on household
characteristics in a particular location is the - CORRECT ANSWER - US Bureau of
Census
