Chapter 1

Chapter 1 Questions by Michael McMinassian

1.      A mortgage banker is a lender who specializes in using borrowed funds, usually from commercial banks, to originate real estate mortgages. (T) or (F).

2.      Data poverty is a term that is coined in real estate to generally characterize all the information is readily available to everyone and is perfect information. (T) or (F)

3.      An appraiser is a real estate professional that develops properties as called an entrepreneur. (T) or (F)

4.      An origination is a creating a mortgage by lending money to real estate borrowers. (T) or(F)

5.      An underwriter is a real estate professional who specializes in assessing the risk associated with real estate loans.(T) or (F)

6.      Why is the real estate market inefficient?

a.      Date poverty.

b.      Localized markets

c.       Heterogeneous products

d.      All of the above.

7.      What is/(are) the five classic product types in real estate?

a.      Office & land

b.      Industrial & retail

c.       Retail  & residential

d.      All of the above.

8.      This term is a term that means someone who lends capital for real estate in exchange for contractual debt services and a collateral interest in the property.

a.      Developer.

b.      Securitizer.

c.       Lender.

d.      Servicer.

1.)T, 2).F, 3).F, 4.)T, 5.)T, 6.D, 7.) D, 8.) C.

Chapter 1 Qs

Lulu Carrizales.

1. A "Real Estate Conversion" is trading rights to use a space for rights to receive money. (T/F)
   
2. Consuming Activity gives space-time to Entrepreneurial Activity for Capital (rents/sales)? (T/F)
   
3. Heterogeneous products are one reason why Real Estate Markets are Inefficient? (T/F)
    
4. Which of  the following is NOT a reason why Real Estate Markets are Inefficient?
   a. Localized Markets
   b. Heterogeneous products
   c. Data Poverty
   d. All are reasons why Real Estate Markets are Inefficient
   
5. A Real Estate Professional who specializes in informing and giving an opinion on real estate value is:
   a. Agent
   b. Broker
   c. Appraiser
   d. Non of the above
   
6. The Governing Activity gives ______ to the Landing Activity in exchange for Taxes
   a. Capital
   b. Fees
   c. Space-Time
   d. Services, Regulations
   
7. Lenders help provide for humans needing space by:
   a. Allowing people to borrow (i.e. banks, etc)
   b. Donating to Non-profits
   c. All of the above
   
8. Sequential bidding is:
   a. Attempting to outbid anyone else
   b. selling property in the market by waiting for better offer
   c. non of the above
   
   1. T
   2. F
   3. T
   4. D
   5. C
   6. D
   7. A
   8. B
   
   

Chapter 1 Questions

Luis Villanueva

1.      What is the correct definition of real property?

A)    The legally recognized right associated with the ownership of real estate.

B)    The purchase of real estate motivated by the potential for financial gain.

C)    How quickly a transaction prices with in a market reflect relevant market information.

D)    Both A and B

2.      Which one of the following characteristics does not contribute to an inefficient market?

A) Stratified product type

B) Heterogeneous

C) Real estate investment analysis

D) Data poverty

3.      What is at the center of the real estate system of activities?

A)    Investing activity

B)    Governing activity

C)    Entrepreneurial activity

D)    Lending activity

4.       A developer is an entrepreneur whose expertise is used to gather necessary factors of production to create real estate for human needs.

A)    True

B)    False

5.      Sequential bidding is one characteristic of real estate inefficiency.

A)    True

B)    False

6.      Government activity is part of the real estate system of markets.

A)    True

B)    False

7.      An underwriter is a real estate professional who specializes in assessing the risk associated with real estate loans.

A)    True

B)    False

8.      A real estate market has one specific physical location.

A)    True

B)    False

1)A, 2)C, 3)C, 4)A, 5)A, 6)A, 7)A, 8)BC

Chapter 1 Questions by Albert Chang

1.) The legally recognized rights associated with the ownership of real estate are real estate investment? (T/F)

2.) Heterogeneous products are a part of the efficiency market? (T/F)

3.) Data poverty is a part of an inefficient market? (T/F)

4.) The process of bidding for the purchase of an asset such as real estate that offers are received one at a time is Sequential Bidding? (T/F)

5.) Governing activity pay taxes to investing activity? (T/F)

6.) A generic term for real estate asset created by real estate lenders is?

a)Mortgage

b)Government

c)Broker

7.) The term for someone who lends capital for real estate in exchange?

a)Loan

b)Broker

c)Lender

8.) Broker is?

a)Securities expert who takes pooled real estate

b)Homeless person

c)A real estate professional who facilitates the sale of real estate assets by bringing buyers and sellers

Chapter 4 Location, Location, Location question and answers Houa Vang

   

 1. What is the order of the thunen ring diagram.

a.       Land Rent, Land Value, Accessibility

b.      Accessibility, Land Rent, Land Value

c.        Land Value, Accessibility, Land Rent

d.      Land Value, Land Rent,  Accessibility

2 2. Spatial economics is the study of ____________, relationships over __________.

a.       Economic, Space

b.      Space, Economic.

c.       Land Rent, Land Value

d.      Land Value, Land Rent

3. 3. What is urban economics.

a.       Study of urban area, urban spatial structural and the location of households and firms.

b.      Studying the benefits, including economies of scales and networking effects of companies.

c.       The study urban competitive advantage that attract residents and businesses.

d.      The study of potential employers to an area.

4.      4. (T/F) The reason developments of urban areas seem to grow and thrive and some seem to decline is contributed by competitive advantages such as skilled and educated workforce, transportation, and climate.

5.      5. (T/F) Attitude and leadership is not one of the competitive advantage contribute to development of urban areas.

6.      6. (T/F) Urban Growth Models is an urban growth model in which cities grow in and outward direction from the CBD in pie-shaped wedges.

7.      7. (T/F) The key to local economy is the health and prospects, present and future, of the economic base.

8.      8. (T/F) concentric circle growth model is the growth of commercial and industrial and sector (or wedge) growth models are growth model for residential

1     1) b, 2) a, 3) a, 4) T, 5) F, 6) F, 7) T, 8) T,

Chapter 4 Questions By Jazmin Padilla

1. Poor land accessibility usually incurs ____rent and ____transportation costs.

a. low and high

b. low and low

c. high and low

d. high and high

2.  Regions develop sporadically and with no specific pattern. 

3. Central business districts are where major businesses make transactions via e-commerce. 

4. All of the following are categories of a competitive advantage of an urban area except:

a. natural resources

b. transportation

c. climate

d. population

5. Basic (or export) employment is responsible for an area’s competitive advantage. 

6. A local barber shop is an example of _____.

a. nonbasic employment

b. basic employment

c. central business district

d. situs

7. The axial (or radial) growth model emphasizes the high effect transportation corridors have on population and land development growth. 

8. Many companies benefit by locating close to one another; also known as the economics of agglomeration.  

1.A   2.F   3.F   4.D  5.T   6.A   7.T   8.T

Chapter 1 Questions

1. (T/F). REIT stands for real estate investment trust.

2. (T/F). A developer is someone that has the expertise to gather necessary factors of production to create real estate for human needs.

3. (T/F). A proprietary transaction refers to the process of bidding for the purchase of an asset of an asset.

4. (T/F). A mortgage is a real estate asset created by real estate lenders.

5. (T/F). Real estate is the legally recognized rights associated with the property.

6. Which of the following terms is a reason why real estate markets are inefficient?
a. Origination
b. Derivative
c. Data Poverty
d. Securitization

7. A real estate professional specialzing in providing an informed and defensible opinion of real estate asset value is called:
a. Appraiser
b. Market Researcher
c. Consultant
d. Asset Manager

8. If you wanted to assess the risk associated with real estate loans, which of the following professionals would you want to contact?
a. Broker
b. Underwriter
c. Lender
d. Servicer

Answers: 1. T 2. T 3. F 4. T 5. F 6. C 7. A 8. B

Chapter 1 An Introduction to Environments and Activities in Real Estate houa vang

Chapter 1 questions and answers

1. (T/F)
 Real property is the legally recognized right associated with the ownership of real estate.

2. (T/F)
Real estate investment is by conversion of real estate right into money by lease and sale contract.

3. Which of the 4 real estate market characteristic involve in selling property in the market by waiting for better offer.
a) localized market
b) proprietary transactions
c) sequential bidding
d) No critical mass of market participant

4. (T/F)
Various lender operate in real estate goes through commercial banks.

5. (T/F)
Broker is a real estate professional who facilitates the sale of real estate asset by bringing togather only sellers.

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
d) Broker

7. (T/F)
Appraisers is a securities expert who takes pooled real estate asset and creates derivative securities from the.

8. which of these involve maintaining loan by collecting and posting payment.
a) under writer
b) servicers
c) originator
d) derivatives

answers: 1) T, 2) T, 3) sequential bidding, 4) T, 5) F buyer and seller, 6) asset manager, 7) F Securitizer, 8) servicers

Ch.1 An Introduction to Environments and Activities in Real Estate Questions by Jazmin Padilla

Ch.1 An Introduction to Environments and Activities in Real Estate Questions by Jazmin Padilla

1. The two most common real estate transactions are_____ and _____.

a. Leases and Sales

b. Speculation and Sales

c. Leases and Localized Markets

d. Speculation and Localized Markets

2. Demand for real estate is produce by the______and _____nodes.

a. Node 2 Investing Activity and Node 3 Lending Activity

b. Node 3 Lending Activity and Node 6 Consuming Activity

c. Node 6 Consuming Activity and Node 7 Successor Entrepreneurial Activity

d. Node 4 Governing Activity and Node 7 Successor Entrepreneurial Activity

3. Which of the following real estate professional assesses the risk associated with real estate loans?

a. Servicer

b. Appraiser

c. underwriter

d. Acquisition expert

4. Real Estate involves a complex network of human activity.

5. Real Estate markets are always efficient.

6. Speculation is the quick sale or transaction at the present price.

7. Localized Markets allow greater efficiency in the real markets.

8. The process of real estate begins with the originator. 

Answers:

1. A   2.C  3.C  4.T  5.F  6.F  7.F  8.F