REAL ESTATE MIDTERM 1 Questions and Verified Answers | Accurate Solutions | Get it
100% Correct!! | Already Graded A+
Unique characteristics of real estate - (answer)1. Both a consumption and investment good
2. Fixed Location
3. Unique
4. Durable
5. Large economic unit
6. Government regulations
How is real estate a consumption good? - (answer)Providing services (shelter)
How is real estate and investment good? - (answer)The single largest asset for many households. Most
of the time, the value of your house will increase.
How does real estate have fixed location? - (answer)- Location is normally determined by access to jobs,
specific goods and services, school quality, neighbourhood quality, ect
- No two homes share the same location
What is the implication caused by real estate having fixed location? - (answer)This can cause real estate
markets to be segmented and localized.
How is real estate unique? - (answer)- No two units are the same
- Every property is unique in terms of building, location, and financing
What is the implication of real estate being unique? - (answer)Uniqueness makes it more difficult to
asses the value
How is real estate durable? - (answer)There is no fixed maturity. You can hold real estate for decades!
How is real estate a large economic unit? - (answer)- Infrequent purchase
, REAL ESTATE MIDTERM 1 Questions and Verified Answers | Accurate Solutions | Get it
100% Correct!! | Already Graded A+
- Access to capital ($) is important. A mortgage is usually required.
What is the implication of real estate being a large economic unit? - (answer)Mortgage market
conditions influence house prices
How do government regulations relate to real estate? - (answer)The government has extensive
regulations through zoning by-laws and building codes.
What is the implication of government regulations on real estate? - (answer)Governments can impact
real estate supply and demand
What are the two types of real estate? - (answer)Use & Tenure
What are examples of USE real estate? - (answer)1. Residential
2. Commercial
3. Industrial
What are examples of TENURE real estate? - (answer)1. Freehold (full ownership)
2. Tenancy
3. Condo
4. Co-op
5. Leasehold
What residential homes are considered low density? - (answer)Detached & semi detached
What residential homes are considered medium density? - (answer)Row housing / townhouses & low-
rise to mid-rise (max 9 floors) apartments
100% Correct!! | Already Graded A+
Unique characteristics of real estate - (answer)1. Both a consumption and investment good
2. Fixed Location
3. Unique
4. Durable
5. Large economic unit
6. Government regulations
How is real estate a consumption good? - (answer)Providing services (shelter)
How is real estate and investment good? - (answer)The single largest asset for many households. Most
of the time, the value of your house will increase.
How does real estate have fixed location? - (answer)- Location is normally determined by access to jobs,
specific goods and services, school quality, neighbourhood quality, ect
- No two homes share the same location
What is the implication caused by real estate having fixed location? - (answer)This can cause real estate
markets to be segmented and localized.
How is real estate unique? - (answer)- No two units are the same
- Every property is unique in terms of building, location, and financing
What is the implication of real estate being unique? - (answer)Uniqueness makes it more difficult to
asses the value
How is real estate durable? - (answer)There is no fixed maturity. You can hold real estate for decades!
How is real estate a large economic unit? - (answer)- Infrequent purchase
, REAL ESTATE MIDTERM 1 Questions and Verified Answers | Accurate Solutions | Get it
100% Correct!! | Already Graded A+
- Access to capital ($) is important. A mortgage is usually required.
What is the implication of real estate being a large economic unit? - (answer)Mortgage market
conditions influence house prices
How do government regulations relate to real estate? - (answer)The government has extensive
regulations through zoning by-laws and building codes.
What is the implication of government regulations on real estate? - (answer)Governments can impact
real estate supply and demand
What are the two types of real estate? - (answer)Use & Tenure
What are examples of USE real estate? - (answer)1. Residential
2. Commercial
3. Industrial
What are examples of TENURE real estate? - (answer)1. Freehold (full ownership)
2. Tenancy
3. Condo
4. Co-op
5. Leasehold
What residential homes are considered low density? - (answer)Detached & semi detached
What residential homes are considered medium density? - (answer)Row housing / townhouses & low-
rise to mid-rise (max 9 floors) apartments
