Realestate- questions - ww

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The yellow highlight questions I found them on the Internet? 1. Real estate values derive from the interaction of three different sectors in the economy, which of the following sectors serves to allocate financial resources among households and firms requiring funds? A. User market B. Capital market C. Government D. Local market 2. Primarily through land use controls and property tax policy, which of the following branches of government has the largest influence on real estate values? A. Local government B. State government C. National government D. Foreign government 3. Competition in the _________, where households and firms compete for the currently available supply of locations and space, determines the level of rental income for each submarket and property. A. user market B. capital market C. government D. local market 4. The national government can have a significant impact on the value of real estate through: A. property tax policy B. income tax policy C. building codes D. real estate licensing requirements 5- Considered a fundamental pricing metric in commercial real estate markets, the ratio of a property's annual net income to its market value is more commonly referred to as a(n): A. Appreciation rate B. Capitalization rate C. Discount rate D. Internal rate of return

6. A fixture is an object that formerly was personal property but has become real property. Of the following four rules for determining whether an object has become a fixture, which is the most dominant(i.e. if there is a conflict, which rule prevails)? A. Manner of the attachment B. Character of the article and manner of adaptation C. Intention of the parties D. Relation of the parties 7. Co-ownership can occur in a variety of ways, with significant variation in how the bundle of rights is jointly held. All of the following entities are forms of direct co- ownership EXCEPT: A. Tenancy in common B. Tenancy by the entirety C. Condominium D. Partnership 8. Which of the following types of liens is automatically superior to any other lien? A. Property tax and assessment lien B. Mortgage lien C. Lien arising from a court judgment unrelated to ownership of the property D. Mechanics' lien 9. Bill and Mike go in together to purchase 342 acres of land to use for hunting and family vacations. Ten years later, Bill dies and Bill's wife wants to sell his half of the land. Mike informs her that, unfortunately, she has no claim to the land and that upon Bill's death, his ownership interest transferred to Mike. What type of co-ownership did Bill and Mike have? A. Tenancy by the entireties B. Tenancy in common C. Joint tenancy D. Condominium 10. Co-ownership can occur in a variety of ways, with significant variation in how the bundle of rights is jointly held. All of the following entities are forms of direct co- ownership EXCEPT: A. Tenancy in common B. Tenancy by the entirety

C. Condominium D. Partnership 11. When a zoning ordinance is revised, some existing land uses then fall outside the new zoning classification. These land uses are referred to as: A. special uses B. non-conforming uses C. conforming uses D. exclusionary uses 12. Given the following information, compute the property tax rate for the community in percentage terms. Total budget expenditures: $108 million, Total non-property tax income: $50 million, Total assessed value of all properties: $2 billion, Total exemptions: $550 million. A. 2.5% B. 4.0% C. 10.0% D. 12.0% 13. One of the main criticisms of property taxes is that the property tax of lower income households is higher than that of higher income households, as a percentage of their respective incomes. In other words, taxes are criticized for being: A. regressive B. comprehensive C. concurrent D. extraterritorial 14. The demand for access between land uses is considered the "gravity" that holds a city together. These relationships between land uses are commonly referred to as: A. linkages B. economic bases C. local economic activities D. economies of scale 15. A city's economic base can be viewed in terms of a multiplier process, in which the money that is brought in through export activities is then respent within the city. Which of the following economic activities is the least likely to be considered a high-impact or high-multiplier economic base activity? A. Tourism

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B. Retirement C. Computer assembly D. Specialized medical services 16. The growth of the motion picture industry in Los Angeles, the petrochemical industry in Houston, the software industry in "Silicon Valley," are all examples of how the growth of an industry within a city can create cost advantages for future growth. Economists refer to this phenomenon as: A. Industry economies of scale B. Agglomeration economies C. Location monopoly D. Diversification process 17. Understanding the revenue generating ability of the core export activities of a local area has important implications on the market value of real estate. When the income that these activities generate is re-spent within the community on other local goods and services, the community is benefiting through a: A. dividend process B. multiplier process C. forced saving process D. diversification process 18. Estimating the market value of real estate is complicated by the unique characteristics of real estate markets. In contrast to stock markets, real estate markets are characterized by all of the following EXCEPT: A. No two assets are considered perfect substitutes for one another. B. Market prices are revealed almost instantaneously and continuously to prospective buyers. C. Transactions of similar assets occur infrequently. D. The physical location of the asset being sold plays an important role in the pricing process. 19. Standard mortgage loans require monthly payments typically composed of two components: interest and principal repayments. When scheduled mortgage payments are insufficient to pay all of the accumulating interest, causing some interest to be added to the outstanding balance after each payment shortfall, the loan is said to be:

A. fully amortizing B. partially amortizing C. nonamortizing D. negatively amortizing 20. Real estate appraisers generally distinguish among the concepts of market value, investment value, and transaction value. Which of the following statements best describes the concept of market value? A. It is an estimate of the most probable selling price of a property in a competitive market. B. It is the value a particular investor places on a property. C. It is the price we observe when a property is sold. D. It is the maximum amount that a seller would be willing to accept. 21. Several techniques can be used to obtain an indication of land value. The cost approach to valuation would most likely be used for which of the following properties? A. One-family residential property B. Retail office space C. Education facility D. High-rise apartments 22. In acting as an agent for another person, the broker carries several special responsibilities, which by law must be adhered here to throughout the transaction process. These responsibilities constitute what is commonly referred to as a: A. Subagency relationship B. Dual agency relationship C. Fiduciary relationship D. Open listing relationship 23- Assume you have been hired to appraise a local hospital. Your best estimate of the reproduction (or replacement) cost of the building is $3,700,000. However, upon evaluating the use of land in the local area, you have deemed the value of the site to be worth an additional $800,000. If the building has depreciated by $500,000 over its lifetime and there are no further depreciation losses due to external or functional obsolescence, what is the indicated value of the hospital using the cost approach?

A. $2,400,000 B. $3,700,000 C. $4,000,000 D. $4,500,000 24. Net operating income is similar to which of the following measures of cash flow in corporate finance? A. Dividend yield B. Earnings before deductions for interest, depreciation, income taxes, and amortization (EBIDTA) C. Price-earnings ratio D. Discount rate 25. The process of converting periodic income into a value estimate is referred to as income capitalization. Income capitalization models can generally be categorized as either direct capitalization models or discounted cash flow models. Which of the following statements best describes the direct capitalization method? A. Value estimates are based on a multiple of expected first year net operating income. B. Appraisers must make explicit forecasts of the property's net operating income for each year of the expected holding period. C. Appraisers must select the appropriate yield at which to discount future cash flows. D. The forecast must include the net income produced by a sale of the property at the end of the expected holding period. Q26 When calculating the net operating income of a property, it is important to identify any expenses that will be incurred in attempts to maintain the property. All of the following would be considered operating expenses EXCEPT: A. Property taxes B. Property insurance premiums C. Mortgage payments D. Utility expenses

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Q27- Certain closing costs will be prorated to account for the period of time during which the seller occupied the house. If a transaction is scheduled to close on May 17, 136 days into a 365-day year, calculate the amount that the buyer will be credited if the particular closing cost in question is estimated to be $1000 for the entire year. A. $182.19 B. $372.60 C. $624.66 D. $1000 28. Given the following information, calculate the net operating income assuming below- line treatment. Property: 4 office units, Contract Rents per unit: $2500 per month, Vacancy and collection losses: 15%, Operating Expenses: $42,000, Capital Expenditures: 10%: A. $48,000 B. $60,000 C. $95,000 D. $102,000 29. Given the following information on a fixed-rate loan, determine the maximum amount that the lender will be willing to provide to the borrower. Loan Term: 30 years, Monthly Payment: $800, Interest Rate: 6%. A. $6,707 B. $9,295.15 C. $13,333 D. $133,433 30. Given the following information on an interest-only mortgage, calculate the monthly mortgage payment. Loan amount: $56,000, Term: 15 years, Interest Rate: 7.5%. A. $169.13 B. $350 C. $519.13 D. $4,200 31. Given the following information, calculate the balloon payment for a partially amortized mortgage. Loan amount: $84,000, Term to maturity: 7 years, Amortization Term: 30 years, Interest rate: 4.5%, Monthly Payment: $425.62. A. $9,458

B. $30,620 C. $73,103 D. $84,000 From 32 to 36, I don’t know please help 37- Given the following information, calculate the leasing agent's commission in dollar terms. Lease Term: 10 years, Monthly Rent: $5,000, Commission: 3%. A. $150

B. $1,500 C. $1,800 D. $18,000 38 . Suppose investor deposits $2500 in an interest-bearing account at her local bank. The account pays 2.5% interest compounded annually. If the investor plans on withdrawing the original principal plus accumulated interested at the end of 7 years, what is the total amount that she should expect to receive assuming interest rates do not change? A. $2,971.71 B. $2,974.89 C. $3,532.43 D. $11,920.93 From 39 to 48, I don’t know please help

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49- what are the steps involved to become a realtor in British Colombia?

50-name two job duties of community development specialists? 51- list two things that CMHC does? 52-Name two main reasons which lead to growth in sales in Kuwait in the past few years? 53-list four elements that a contract of Purchase and Sale should include? 54-what is renovation and why is it a controversial issue? 55-name 2 requirements for a Foreigner to buy property in China? 56- name 2 reasons why Saudis government want to impose tax on the unpeopled land ?

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