Smart Study

Factors that affect housing market segmentation include all except: household size. household income. household lifestyle. household unemployment status. household age. ️: household unemployment status. 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 facto...

A property is being appraised using the income capitalization approach. Annually, it has an estimated gross income of $48,000, vacancy and credit losses of $3,600, and operating expenses of $15,000. Using a capitalization rate of 8%, what is the property's value (rounded up to the nearest $1,000)? ️: $368,000 A sale transaction on rental property closes on December 10th. The landlord received the December rent of $4,400 on December 1. Assuming the closing day is the seller's, and t...

A state license is required for anyone who: a)sells their own property b)sells property for other people c)a and b d)none of the above ️: sells property for other people Which of the following arrangements does not qualify as an agency relationship in real estate transactions? a)a seller hires a broker to help locate a buyer b)a broker hires a sales associate to help locate buyers for properties or properties for buyers c)a buyer hires a broker to help locate a property for pur...

The primary purpose of a listing agreement is to define the relationship between ️: The property owner and the real estate broker A state license is required for anyone who ️: Sells property for other people Which of the following terms refers to the illegal practice of showing minority buyers only those properties that are located in areas dominated by minorities? ️: Steering Which of the following statements is not true about brokers? ️: Brokers take ownership of the item bein...

Economists suggest that the value of something results from its utility and: ️: D. Scarcity A branch of economics that extends the basic ideas of the early classical and neoclassical economists to better understand and predict how humans use space is termed: ️: C. Urban economics Formal arrangements and associations that members of society make to support fundamental economic and social activities are referred to, in the text, as: ️: B. institutions Marshall contended that in a p...

Given the following information regarding an income producing property, determine the NPV using levered cash flows in your analysis: required equity investment: $270,000; expected NOI for each of the next five years: $150,000; debt service for each of the next five years: $125,000; expected holding period: five years; required yield on levered cash flows: 15%; expected sale price at end of year 5: $2,000,000; expected cost of sale: $125,000; expected mortgage balance at time of sale: $...

Which of the following might the Scrum Team discuss during a Sprint Retrospective? A. Methods of communication. B. The way the Scrum Team does Sprint Planning. C. Skills needed to improve the Development Team's ability to deliver. D. Its Definition of Done. E. All of the above. ️: E. All of the above. At the end of a Sprint a Product Backlog items worked on during the Sprint does not meet the definition of "Done". What two things should happen with the undone Product Backlog item...

Agile Methodology ️: Aims for customer satisfaction through early and continuous delivery of useful software components developed by an iterative process using the bare minimum requirements waterfall methodology ️: a sequential, activity-based process or sequence of phases in which the output of each phase becomes the input for the next phase Agile Manifesto Principles (Frist 6) ️: 1. Our highest priority is to satisfy the customer through early and continuous delivery of valuab...

Assumptions ️: An expectation, considered to be true, on which the project is based. Baselining ️: The point where a project is now under control, typically when the schedule, cost, and scope of the project have been officially approved with a signed charter. Project success is measured against it. Triple Constraint ️: The intersection of the 3 factors listed above (schedule, cost, scope). You cannot change any of these without affecting at least one of the other two. Schedule ...