Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Real State Class > Basic Real State Concepts - Unit 1 > Flashcards

Basic Real State Concepts - Unit 1 Flashcards

1
Q

Characteristics of Land (Economic)

A

Scarcity
Location
Improvements
Permanence of Investments

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Characteristics of Land (Physical)

A

Immobility
Indestructibility
Uniqueness

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

General Concepts of Land Use and Investment

A

Highest and Best Use (Economically feasible, Legally feasible)
Public.
Land-Use Controls
Real Estate as an Investment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Highest and Best Use

A

The use that will give the owners the greatest actual return on their investment.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Land-Use Controls

A

The potential uses of real property are limited by various land-use controls.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Real Estate as an Investment (Advantages)

A

Good rate of return
Leverage
Tax Benefits

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Real Estate as an Investment (Disadvantages)

A

No liquidity
Experience / Knowledge
Utilization of a manager
Risk

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Diversity in Real Estate Business

A

Brokerage
Appraisal
Property Management
Financing
Property Development
Counseling
Education
Professional Organizations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Situs

A

Societal factors that are related to the location

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Real State Class (2 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions