This blog accompanies the text, Real Estate Analysis: Environments and Activities by Julian Diaz III and J. Andrew Hansz. Student are encouraged to post assignments and original research papers to this blog. Please contact firstname.lastname@example.org for posting rights or to add your program to the blog. Some blog posts and objective questions maybe considered for publication in a future edition of the text.
Thursday, August 29, 2013
Chapter 1 Review Questions
1)Real estate and real property are commonly both
used to mean both space and rights; but technically, rights are the real
property and the space is the real estate.
2)Lack of information about what buyers are
willing to pay for property is a source of inefficiency in the real estate
3)The real estate process may or may not involve
4)A commercial bank is a financial institution
that specializes on the needs of businesses by focusing on long-term loans.
5)Successor entrepreneurs can only be large,
sophisticated real estate funds.
6)Some of the reasons that real estate markets are
inefficient are the following:
b.Critical mass of market participants
c.Large amounts of data
d.All of the above
e.None of the above
7)A real estate professional who maintains and
creates value to a property by maximizing its attractiveness and keeping it
leased up is a(n) _________.
8)A real estate professional working for a
government authority who estimates the value of property for tax purposes is
Term for a real estate market that tends to be geographically unique, which
contributes to its inefficiency. A.Stratified product type B.Sequential bidding C.Proprietary transactions D.Localized markets
2)What can be classified under the category of
Efficient? A.Stock B.Fine Art C.Commercial D.Pyramid
3)Is real estate Efficient or Inefficient? A.Efficiency B.Inefficient C.Yes D.Neither
T/F Question: 4)Is Government a major consumer of space, like
corporations? ·T ·F
6)Entrepreneurial Activity involves the exchanging of
Capital, space and time. ·T ·F 7)"Lender" is a term for a financial
institution specializing in the banking and financial needs of households,
which typically makes long-term, permanent home loans. ·T ·F 8)Is a real estate professional who specialized in
assessing the risk associated with the real estate loans called a
"Servicer"? ·T ·F
Chapter 1 questions and answers
2. Efficiency is how quickly transaction prices within a market reflect
relevant market information. (T/F)
1. Real property is the legally recognized right associated with the
ownership of real estate. (T/F)
3. Which real estate market characteristic involve in selling property in
the market by waiting for better offer.
a) Stratified product types
b) Sequential bidding
c) No critical mass of market participant
c) Proprietary transactions
4.Various lender operate in real estate goes through commercial banks.
5. Broker is a real estate professional who facilitates the sale of real
estate asset by bringing togather only sellers. (T/F)
6. A real estate professional who maintain and creates value by maximizing the
attractiveness of properties and by keeping them leased up.
a) Asset Manager
b) Acquisition expert
c) Property manager
7. Listing a real estate on the market and waiting for a better offer is called
a sequential bidding.
8. Maintaining loan by collecting and posting payment.
a) under writer
d) asset manager
answers: 1) T, 2) T, 3) b, 4) T, 5) F, 6) a, 7) F 8) b