Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
43 Cards in this Set
- Front
- Back
|
1.1 real estate/ environmental value pyramid |
A |
|
|
1.2 how to access the capability of a developer |
Equity . ownership ,financing ,tenant/ user |
|
|
1.3 the role of the real estate developer |
As a public government- planner, promoter, negotiator | as a user of the project - analyst, creator, promoter, provider | when works with financial entities- borrower, negotiator, promoter | as a development team - employer, client manager |
|
|
1.5 real estate development model process |
Pre development |securing the deal | development | management |
|
|
1.6 conceiving the project |
Highest and best use | reuse assessment | objectionable uses | creativity |
|
|
1.6.a components of a reuse assessment |
Property environmental community financial |
|
|
1.9 fatal flaw analysis |
Is a method used to identify critical issues or weaknesses that could potential lead to failure of a project. |
|
|
1.9 a fatal flaw analysis |
Cleanup approach not quantified | extraordinary construction cost |major reasonal employer leaves| NIMBY | Stigma |
|
|
1.6 method of title assurance |
General warranty deed | special warranty deed| quit claim deed |
|
|
A |
A |
|
|
2 |
A |
|
|
3 |
S |
|
|
4 |
A |
|
|
5 |
G |
|
|
H |
6 |
|
|
7 |
A |
|
|
8 |
H |
|
|
9 |
H |
|
|
10 |
A |
|
|
4.1 determinants of mortgage interest rates |
Real rate of interest | anticipated inflation | default risk | interest rate risk | repayment risk | other risk |
|
|
4.2types of constant payment Mod case loan |
full amortize loan parshalemotizing loan partially advertising loan interest only loan |
|
|
Aa |
A |
|
|
A |
A |
|
|
7.1 economic influence on housing demand |
Population growth, household formations, employment, household income, interest rates, Federal income tax rates, cost of renting housing |
|
|
7.5 pricing property |
The market or sales comparison approach | the cost approach | the income approach |
|
|
7.6 investment in distressed properties |
Acquisition phase, holding period phase, disposition phase |
|
|
7.6.1. Investing in distressed properties |
Title history research | market research |
|
|
2 |
Y |
|
|
3 |
U |
|
|
9.2 firms prefer leasing over owning real estate |
Cost effectiveness | operating flexibility | focus on core business | avoidance of real estate management |
|
|
1 |
S |
|
|
2 |
H |
|
|
3 |
O |
|
|
11.1 Benefits/motives of investing in real estate |
Rate of return |price appreciation | diversification | tax benefits |
|
|
11.1.1 investment strategies |
investing in core properties | investing in core properties with a 'value add' strategy | property sector investing | contrarian investing | market timing | growth investing | value investing | strategy as a size of property | strategy as a tenants | arbitrage investing | turnaround /special situation | opportunistic investing| investing in 'trophy' or 'Blue chip' properties | development |
|
|
11.2 factors affect a property's projected NOI |
Expected market rents and vacancy rates | expenses associated with operating the property | nature of any leases on the property |
|
|
11.8 taxation |
Taxable income | depreciation allowance | depreciable basis | loan points | marginal tax rate | capital gain | adjusted basis |
|
|
1 |
J |
|
|
2 |
H |
|
|
3 |
O |
|
|
4 |
J |
|
|
13.1 types of risk that should be considered when analyzing real estate |
Business risk | financial | liquidity| inflation |management| interest rate| legislative| environmental |
|
|
13.1.a) due diligence (throughout investigation conducted by an investor) |
Rent role analysis |lease agreement review |review of service and maintenance agreements| pending or threatened matters review |review of title/ deed documents| property survey| government compliance physical inspection test matters insurance policies engineering studies and market studies list of personal property |
