RE 306: Exam 1 Study Guide questions
well answered latest update
Real Estate as an asset - correct answer ✔✔- a useful or valuable thing
- Provides a current, future, or potential economic benefit
- physical and non-physical assets
Real estate as a bundle of legal rights - correct answer ✔✔- What you can legally do with the property
- Examples: Zoning, FAR, Form Based Code
Generates over ____ of US gross domestic product (GPD)
Creates jobs for nearly ___ million Americans
Sources of nearly ______ of local government revenue - correct answer ✔✔
illiquid - correct answer ✔✔not easily transferable to money
Credit Tenant - correct answer ✔✔Refers to a tenant's financial strength and thus the likelihood that
they'll make payments (i.e., not default)
Leverage - correct answer ✔✔raising needed funds through borrowing to increase a firm's rate of return
Linkage - correct answer ✔✔Something that impacts the side in a good/bad way and adds value to site
Highest and Best Use - correct answer ✔✔The possible use of a property that would produce the
greatest net income and thereby develop the highest value.
well answered latest update
Real Estate as an asset - correct answer ✔✔- a useful or valuable thing
- Provides a current, future, or potential economic benefit
- physical and non-physical assets
Real estate as a bundle of legal rights - correct answer ✔✔- What you can legally do with the property
- Examples: Zoning, FAR, Form Based Code
Generates over ____ of US gross domestic product (GPD)
Creates jobs for nearly ___ million Americans
Sources of nearly ______ of local government revenue - correct answer ✔✔
illiquid - correct answer ✔✔not easily transferable to money
Credit Tenant - correct answer ✔✔Refers to a tenant's financial strength and thus the likelihood that
they'll make payments (i.e., not default)
Leverage - correct answer ✔✔raising needed funds through borrowing to increase a firm's rate of return
Linkage - correct answer ✔✔Something that impacts the side in a good/bad way and adds value to site
Highest and Best Use - correct answer ✔✔The possible use of a property that would produce the
greatest net income and thereby develop the highest value.
