Jordan Naffa: Chapter 1: Real Estate Analysis: Environments & Activities, Question and Answer.

Jordan Naffa: Chapter 1: Real Estate Analysis: Environments & Activities, Question and Answer.

Multiple Choice Questions:

1.) Real estate markets are inefficient due to the following except: 

a. Data poverty

b. Sequential bidding

c. Localized Markets

d. Governmental involvement

2.) A commercial bank is:

a. A financial institution that specializes in meeting the banking and financial need of business.

b. Creates a mortgage by lending money to real estate borrowers.

c. An intermediary who specializes in bringing real estate borrowers together with real estate lenders.

d. A financial institution specializing in the banking and financial needs of households.

3.) A property manager is:

a. Real estate professional who maintains and creates value by maximizing the attractiveness of properties and keeping them leased up.

b. Real estate professional who locates real estate assets and negotiates terms for their purchase to place them into an investment portfolio.

c. Real estate professional who manages the day-to-day operations of real estate assets.

           

True / False:

1.) Real estate and real property are terms that can be used synonymously.

True / False

2.) Traditionally, entrepreneurs are motivated to create a product when they perceive unmet demand.

True / False

3.) The term ‘localized market’ is a term that mean geographically common real estate.

True / False

4.) An appraiser is a real estate professional specializing in providing an informed and defensible opinion of estate asset value.

True / False

5.) Efficiency is a term to describe how slowly transaction prices within a market reflect relevant market information.

True / False

Answers:

Multiple Choice:

1.) d

2.) a

3.) c

True /False:

1.) False

2.) True

3.) False

4.) True

5.) False