REAL ESTATE PART 1

  1. What are two types of property?
    • Tangible and 
    • Intangible
  2. True or False?
    Real Estate is Property.
    True
  3. True or False?
    Real estate is an intangible asset.
    False
  4. What are the three components of real estate?
    • Structures (improvements on the land)
    • Improvements to the land (Roads, Driveways, Sewers)
    • Raw land (ground; i.e. location & size)
  5. What are the Main Characteristics of Real Estate?
    • Heterogeneous products
    • Immobile produces (got damaged if removed)
    • Localized markets
    • Segmented Markets
    • High transaction costs
  6. What are the types of real Estate?
    • Residential
    • Commercial
    • Others (church, school, hospital)
  7. True or False.
    Localized markets mean the value of land depends on how much improvements (buildings) is built on the land.
    • False!
    • Localized marekts mean the value of the land depends on the location.
  8. True or False?
    Value of Real Estate Assets = Land Value + Structure
    True
  9. The following are what type of real estate property?
    Single family detached homes
    Townhouse
    Multifamily (Apartments)
    Condominium
    Residential
  10. The following are what type of real estate property?
    Office
    Retail (shopping mall)
    Industrial (manufacturing property, assembly house, warehouse,)
    Hotel
    Commercial
  11. The following are what type of real estate property?
    Church
    School
    Hospital
    • Other 
    • Non-Residential and Non-Commercial
  12. Multiple Choice:  
    What is the largest asset category?



    A. Real Estate
Author
phamli
ID
175821
Card Set
REAL ESTATE PART 1
Description
Notes taken from Prof Len Lin PPT.
Updated