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REE 3043 Quiz 2 Questions with Detailed Verified
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Quiz: Factors that affect housing market segmentation include all
except:
household size.
household income.
household lifestyle.
household unemployment status.
household age.
Ans: household unemployment status.
Quiz: A popular adage in real estate is that property value is all
about "location, location, location." However, for most property types in
nonresidential realms, non-locational requirements are equally or even
more important. All of the following are examples of non-locational
factors EXCEPT:
Sunday, 02 March 2025
,Proximity to modes of public transportation.
Nature of current tenants.
Amount of parking.
Floor plate size.
Ans: Proximity to modes of public transportation.
Quiz: A very sophisticated, data intensive and statistically intensive
method of examining market segmentation is known as:
survey research.
cluster analysis.
psychographics research.
discriminant analysis.
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,regression analysis.
Ans: psychographics research.
Quiz: Since most data for a given market study is not readily
available, analysts must be creative in their use of data that they are
able to obtain. The primary source for detailed household
demographic information is:
the U.S. Bureau of the Census.
not available publicly.
the Federal Reserve.
the local tax collector's office.
Ans: the U.S. Bureau of the Census.
Quiz: Which tool would a real estate investor use to seek to describe
the human characteristics of consumers that may have bearing on
their response to products, packaging, advertising and public relations
efforts?
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, Survey research.
Census data and a marker.
Psychographics.
Geographical information systems.
Ans: Psychographics.
Quiz: In real life, the variables involved in predicting occupancy and
rental rate growth parameters are:
impossible to guess at.
easy to estimate.
easy to figure.
difficult to predict.
Ans: difficult to predict.
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