REAL 4000 UGA Test 1 Exam |90 Q’s and
A’s
study guide! -
-https://docs.google.com/document/d/1Mqge7xjzBKIUA2c3hKny16BavAuhN1s
UWPgaPxFHY18/edit?usp=sharing
- property - -anything that can be owned or possessed
- tangible assets - -physical things, such as automobiles, clothing, land, or
buildings
- intangible assets - -nonphysical things which include contractual rights
(e.g., mortgage and lease agreements), financial claims (e.g., stocks and
bonds), interests, patents, or trademarks
- how is the term "real estate" used? - -1. used to identify tangible assets of
land/buildings
2. used to denote the bundle of rights associated w/ ownership of assets
3. used in reference to the business of real estate
- improvements on land vs improvements to land - -ON land - fixed
structures such as buildings, walls etc
TO land - include components necessary to make the land suitable to be
used such as infrastructure
- land - -- often used to refer to a building site, lot, etc. and not just land
, - raw land - -land that does NOT include structures or any improvements
- real property - -rights associated with ownership of land and all permanent
attachments to land.
*used interchangeably with real estate
- personal property - -objects that are moveable and not permanently
attached to the land/structure, including furniture and tenant fixtures that
are often purchased along w/ real property acquisitions.
- acre - -1 acre = 43,560 sq ft
640 acres = 1 sq mile
- user markets - -when users are competing for PHYSICAL locations/spaces
- capital markets - -FINANCIAL sector of the economy that allocates financial
resources among households/firms that require funds
- participants invest in stocks, bonds, etc. to receive a fin. return on their
investment
- capital market: equity interests - -owners of the real estate
- these people get their ROI through rent, price appreciation, etc.
- capital market: debt interests - -the lenders
- hold claims to interest on the borrowed funds that people use to invest, etc.
A’s
study guide! -
-https://docs.google.com/document/d/1Mqge7xjzBKIUA2c3hKny16BavAuhN1s
UWPgaPxFHY18/edit?usp=sharing
- property - -anything that can be owned or possessed
- tangible assets - -physical things, such as automobiles, clothing, land, or
buildings
- intangible assets - -nonphysical things which include contractual rights
(e.g., mortgage and lease agreements), financial claims (e.g., stocks and
bonds), interests, patents, or trademarks
- how is the term "real estate" used? - -1. used to identify tangible assets of
land/buildings
2. used to denote the bundle of rights associated w/ ownership of assets
3. used in reference to the business of real estate
- improvements on land vs improvements to land - -ON land - fixed
structures such as buildings, walls etc
TO land - include components necessary to make the land suitable to be
used such as infrastructure
- land - -- often used to refer to a building site, lot, etc. and not just land
, - raw land - -land that does NOT include structures or any improvements
- real property - -rights associated with ownership of land and all permanent
attachments to land.
*used interchangeably with real estate
- personal property - -objects that are moveable and not permanently
attached to the land/structure, including furniture and tenant fixtures that
are often purchased along w/ real property acquisitions.
- acre - -1 acre = 43,560 sq ft
640 acres = 1 sq mile
- user markets - -when users are competing for PHYSICAL locations/spaces
- capital markets - -FINANCIAL sector of the economy that allocates financial
resources among households/firms that require funds
- participants invest in stocks, bonds, etc. to receive a fin. return on their
investment
- capital market: equity interests - -owners of the real estate
- these people get their ROI through rent, price appreciation, etc.
- capital market: debt interests - -the lenders
- hold claims to interest on the borrowed funds that people use to invest, etc.
