REAL ESTATE ECONOMICS

1. These people prepare raw land for development and improvement which
results in new product for the market.

Facilitators

Developers

Bankers

2. The ability to transfer title to the property to someone else.

Vulnerability

Non-homogeneity

Transferability

3. 9. The developers an renovators comprise what side of the market?

Demand

Supply

Equilibrium

4. These people are both owners as well as tenants. They purchase houses or
commercial property as an investment and also to live in or utilize as a business.

Owner/User

Owners

Tenants

5. For many people, will be the most costly item they will ever buy.

Jewelry

Real estate

Complete education

6. The application of economic techniques to real estate markets.

Real Estate Economics

Market Study

Project Feasibility Study

7. These people supply refurbished buildings to the market.

Developers

Broker

Renovators

8. Characteristic of real estate market that denotes that a building can last for
decades or even centuries, and the land underneath it is practically
indestructible.

Durability

Immobility

Hetergeneneous

9. Affirms the definitions that value is the worth of all present and future benefits arising from ownership and used of real property

Antipation

Both

10. This includes banks, Real Estate Brokers, lawyers, and others that facilitate
the purchase and sale of real estate.

Marketing Department

Project developer

Facilitators

11. The property must be needed or wanted by someone who has the
purchasing power to obtain it.

Supply

Scarcity

Demand

12. 50.Value of an over improvement sometimes reaches (progresses) toward the
valuel4 conforming properties.

True

False

13. The property must have a useful purpose or satisfy a need. The more useful
a property is the more likely someone will pay for it.

Utility

Scarcity

Supply

14. The application of larger and larger amounts of the agents in production will
produce greater and greater net income up to a point of excess.

Surplus productivity

Highest & best use

Creasing &increasing & decreasing returns.

15. Is produced using land, labor, and various inputs such as
electricity and building materials.

Housing demand

Housing credit

Housing supply

16. It is as pointed out, a corollary of the principles of surplus productivity as it
related to the proportioning of the agents in production.

Contribution

Surplus productivity

Highest & best use

17. The very unique characteristic of land is referred to as its

Indestructibilty

Non-homogeneity

Fixity

18. Real estate market characteristic that that denotes that every piece of real
estate is unique, in terms of its location, in terms of the building, and in terms of
its financing.

Long Time Delay

Immobility

Heterogeneous

19. Scarcity influences supply.

Surplus productivity

Demand & supply

Balance

20. Once a land is developed and improved, the capital and labor that went into
the improvement represents a large fixed investment.

Permanence of investment (fixity)

Area preference (situs)

Improvements

21. Today evolved out of yesterday and is the shadow of tomorrow.

Highest & best use

Surplus productivity

Change

22. Excess usually results in over improvement, deficiency under improvement.

Highest & best use

Surplus Productivity

Housing economic

23. Affirms the definitions that value is the worth of all present and future benefits
arising from ownership and use of real property.

Conformity

Competition

Anticipation

24. Although land is not thought of as a rare commodity, the total supply of land
is fixed

Immobility

Scarcity

Heterogeneous

25.
One major Categories of the nature of Real Estate:

Economic

Physical

26. The value of a property tends to coincide with value indicated by the actions
of informed buyers in the market for comparable properties.

Substitution

Changes

Balance

27. Value of a property is not established by what is sold for in the part not the
cost to create.

True

False

28. In housing economics, the elemental unit of analysis is

One household per house

Family

Barangay

29. Maximum value of land is created and maintained in proportion to the
equilibrium (balance) in the amount (contribution) of the four agents in the
production.

Highest & Best Use

Housing economics

Surplus Productivity

30. Four Factors that create value of real estate:

DEMAND
UTILITY
SCARCITY
TRANSFERABILITY

Demand

Utility

Scarcity

Transferability

31. The most important economic characteristics of land.

Scarcity

Area preference

Fixity

32. The owner/user, owner, and renter comprise what side of the market?

Demand

Supply

Equilibrium

33. The construction of a building on one parcel of land has an effect on the
value and utilization of neighboring tracts of land and can have a big bearing on
the whole community.

Accessory

Conformity

Improvements

34. What real estate market characteristic denotes that consumers come to the
good rather than the good going to the consumer?

Long Time Delay

Immobility

High Transaction Cost

35. These people are pure investors. They do not consume the'real estate that
they purchase. Typically they rent out or lease the property to ""someone else.

Owner/User

Tenants

Facilitators

36. The main determinants of the demand for housing are?

Market

Need

Demographics

37. Stance of land is removable and that topography can be changed, but the
geographical location of any given parcel/of land can never be changed.

Scarcity

Fixity

Immobility

38. This permanence of land coupled with the long-term nature of improvements
constructed on it, has tended to stabilize investment in land.

Indestructibilty

Fixity

Uniqueness

39. The type of property must have some degree of rareness. This refers to the
supply of similar property in relation to the demand for it...

Uniquenes

Scarcity

Utility

40. Tends to dissipate and major portion of an excess profit although some part
may remain and contribute to an increased land value.

Contribution

Competition

Distribution

41. Value of a property is not established by what is sold for in the part not the
cost to create.

True

False

42. In economics, is a revealed preference method of estimating demand or
value

Hedonic regression

Highest & best use

Market analysis

43. Highest and best use will usually conform to essential and permissible land used.

Distribution

Competition

Anticipation

None of the above

Real Estate Economics

1. These people prepare raw land for development and improvement whichresults in new product for the market.

2.

What first name or nickname would you like us to use?

2. The ability to transfer title to the property to someone else.

3. 9. The developers an renovators comprise what side of the market?

4. These people are both owners as well as tenants. They purchase houses orcommercial property as an investment and also to live in or utilize as a business.

5. For many people, will be the most costly item they will ever buy.

6. The application of economic techniques to real estate markets.

7. These people supply refurbished buildings to the market.

8. Characteristic of real estate market that denotes that a building can last fordecades or even centuries, and the land underneath it is practicallyindestructible.

9. Affirms the definitions that value is the worth of all present and future benefits arising from ownership and used of real property

10. This includes banks, Real Estate Brokers, lawyers, and others that facilitatethe purchase and sale of real estate.

11. The property must be needed or wanted by someone who has thepurchasing power to obtain it.

12. 50.Value of an over improvement sometimes reaches (progresses) toward thevaluel4 conforming properties.

13. The property must have a useful purpose or satisfy a need. The more usefula property is the more likely someone will pay for it.

14. The application of larger and larger amounts of the agents in production willproduce greater and greater net income up to a point of excess.

15. Is produced using land, labor, and various inputs such aselectricity and building materials.

16. It is as pointed out, a corollary of the principles of surplus productivity as itrelated to the proportioning of the agents in production.

17. The very unique characteristic of land is referred to as its

18. Real estate market characteristic that that denotes that every piece of realestate is unique, in terms of its location, in terms of the building, and in terms ofits financing.

19. Scarcity influences supply.

20. Once a land is developed and improved, the capital and labor that went intothe improvement represents a large fixed investment.

21. Today evolved out of yesterday and is the shadow of tomorrow.

22. Excess usually results in over improvement, deficiency under improvement.

23. Affirms the definitions that value is the worth of all present and future benefitsarising from ownership and use of real property.

24. Although land is not thought of as a rare commodity, the total supply of landis fixed

25. One major Categories of the nature of Real Estate:

26. The value of a property tends to coincide with value indicated by the actionsof informed buyers in the market for comparable properties.

27. Value of a property is not established by what is sold for in the part not thecost to create.

28. In housing economics, the elemental unit of analysis is

29. Maximum value of land is created and maintained in proportion to theequilibrium (balance) in the amount (contribution) of the four agents in theproduction.

30. Four Factors that create value of real estate:DEMANDUTILITYSCARCITYTRANSFERABILITY

31. The most important economic characteristics of land.

32. The owner/user, owner, and renter comprise what side of the market?

33. The construction of a building on one parcel of land has an effect on thevalue and utilization of neighboring tracts of land and can have a big bearing onthe whole community.

34. What real estate market characteristic denotes that consumers come to thegood rather than the good going to the consumer?

35. These people are pure investors. They do not consume the'real estate thatthey purchase. Typically they rent out or lease the property to ""someone else.

36. The main determinants of the demand for housing are?

37. Stance of land is removable and that topography can be changed, but thegeographical location of any given parcel/of land can never be changed.

38. This permanence of land coupled with the long-term nature of improvementsconstructed on it, has tended to stabilize investment in land.

39. The type of property must have some degree of rareness. This refers to thesupply of similar property in relation to the demand for it...

40. Tends to dissipate and major portion of an excess profit although some partmay remain and contribute to an increased land value.

41. Value of a property is not established by what is sold for in the part not thecost to create.

42. In economics, is a revealed preference method of estimating demand orvalue

43. Highest and best use will usually conform to essential and permissible land used.

1. These people prepare raw land for development and improvement which
results in new product for the market.

4. These people are both owners as well as tenants. They purchase houses or
commercial property as an investment and also to live in or utilize as a business.

8. Characteristic of real estate market that denotes that a building can last for
decades or even centuries, and the land underneath it is practically
indestructible.

10. This includes banks, Real Estate Brokers, lawyers, and others that facilitate
the purchase and sale of real estate.

11. The property must be needed or wanted by someone who has the
purchasing power to obtain it.

12. 50.Value of an over improvement sometimes reaches (progresses) toward the
valuel4 conforming properties.

13. The property must have a useful purpose or satisfy a need. The more useful
a property is the more likely someone will pay for it.

14. The application of larger and larger amounts of the agents in production will
produce greater and greater net income up to a point of excess.

15. Is produced using land, labor, and various inputs such as
electricity and building materials.

16. It is as pointed out, a corollary of the principles of surplus productivity as it
related to the proportioning of the agents in production.

18. Real estate market characteristic that that denotes that every piece of real
estate is unique, in terms of its location, in terms of the building, and in terms of
its financing.

20. Once a land is developed and improved, the capital and labor that went into
the improvement represents a large fixed investment.

23. Affirms the definitions that value is the worth of all present and future benefits
arising from ownership and use of real property.

24. Although land is not thought of as a rare commodity, the total supply of land
is fixed

25.
One major Categories of the nature of Real Estate:

26. The value of a property tends to coincide with value indicated by the actions
of informed buyers in the market for comparable properties.

27. Value of a property is not established by what is sold for in the part not the
cost to create.

29. Maximum value of land is created and maintained in proportion to the
equilibrium (balance) in the amount (contribution) of the four agents in the
production.

30. Four Factors that create value of real estate:

DEMAND
UTILITY
SCARCITY
TRANSFERABILITY

33. The construction of a building on one parcel of land has an effect on the
value and utilization of neighboring tracts of land and can have a big bearing on
the whole community.

34. What real estate market characteristic denotes that consumers come to the
good rather than the good going to the consumer?

35. These people are pure investors. They do not consume the'real estate that
they purchase. Typically they rent out or lease the property to ""someone else.

37. Stance of land is removable and that topography can be changed, but the
geographical location of any given parcel/of land can never be changed.

38. This permanence of land coupled with the long-term nature of improvements
constructed on it, has tended to stabilize investment in land.

39. The type of property must have some degree of rareness. This refers to the
supply of similar property in relation to the demand for it...

40. Tends to dissipate and major portion of an excess profit although some part
may remain and contribute to an increased land value.

41. Value of a property is not established by what is sold for in the part not the
cost to create.

42. In economics, is a revealed preference method of estimating demand or
value