Influence on Real Estate Value

Question 1

What is Gentrification

Answer 1

An act to rapidly revitalize an area and current or former residents have been, or are being, displaced.

Question 2

Regarding Transferability, the fewer the restrictions, the ______ perceived value the property has

Answer 2

more

Question 3

_______forces include revenue generating laws, tax policies, and fiscal and monetary policies.

Answer 3

Governmental

Question 4

What is stigmatism?

Answer 4

The perceived disapproval of something; perception regarding a past event or condition

Question 5

When a neighborhood is properly defined considering all elements, the neighborhood will continue to age as_________.

Answer 5

one unit

Question 6

Government broad forces include:

Answer 6

Police Power,

Question 7

What are the four stages of neighborhood life cycle?

Answer 7

1. Growth
2. Stablize
3. Decline
4. Revitalization

Question 8

When a nuisance becomes long-term or permanent, the condition will most likely result in ___________.

Answer 8

External obsolescence

Question 9

What are the four characteristics that create value?

Answer 9

(DUST)

1. Demand
2. Utility
3. Scarcity
4. Transferability

Question 10

What are the four forces that can affect real estate market

Answer 10

1. Physical
2. Economic
3. Governmental
4. Social Forces

Question 11

An ___________________ analysis studies the present business and employment climate in an area to determine the likelihood of continued stable, growth, decline.

Answer 11

Economic Base