Practice Questions REAL Estates Attributes

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Oklahoma State University *

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4133

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Management

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Apr 3, 2024

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docx

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Uploaded by sbarrera1

Practice Questions REAL Estates Attributes Linkage attributes are very important and can increase or decrease value of a property. If the linkage attributes reduce the hassle factors, they will also reduce the value: < Feedback The correct answer is "FALSE". If linkage attributes reduce the hassle factors, they will generally increase, not decrease, the value of a property. Linkage attributes refer to how well a property is connected to other important locations and services. These can include proximity to transportation networks (like highways, bus routes, or subway lines), access to markets or resources, or closeness to certain amenities.

Perform a basic 5 attributes analysis on the following property: A suburban single-family home with energy-efficient features, in an area with recent increases in property taxes, enjoying easy access to major highways, but with a history of contamination on the property and an ongoing easement dispute. The home's value is: Feedback The correct answer is "Positively impacted by the physical and linkage attributes. Negatively affected by the legal and environmental attributes”. Physical attributes include tangible aspects of the property, such as ts structure and features. The energy-efficient features of the home are a key physical attribute that can increase its appeal and value due to the growing demand for sustainability and the potential for lower energy costs. The property's value s also positively influenced by its linkage attributes. Linkage attributes refer to the property's connectivity or proximity to essential services and infirastructure. In this case, easy access to major highways i a significant positive linkage attribute. However, the property's value is negatively affected by legal and environmental atributes. The legal attributes include the recent increase in property taxes and the ongoing easement dispute. Higher property taxes can reduce the attractiveness of a property due to the increased cost of ownership, and legal disputes can create uncertainty and potential future liabiities. The environmental attribute,in this case, is the history of contamination on the property, which can be a significant deterrent for buyers due to health concerns and the potential costs associated wiith remediation

Allof the following dynamic attributes will increase the demand and value of a piece of property except: Feedback ‘The correct answer s "Crime”. Dynamic attributes refer to aspects of a property that can change over time and can affect the property's value and demand in the market. Positive dynamic attributes, such as prestige, a waterfront view, and quality construction, can increase a property’s value and attractiveness to potential buyers or renters.

Which of these is the appropriate income stream (space-time converted to money time) for office space? ] Feedback The correct answeris "$ /sqft / year". Office space rentis typically quoted on an annual basis per square foot. This is the standard way of expressing rental rates in the commercial real estate industry, especially for office spaces. It allows for a straightforward comparison between different properties and markets

All of the following services are part of the hard public infrastructure except: Feedback The correct answer is "Museurn’. Hard public infrastructure typically refers to the physical structures and facilities that are necessary for the functioning of a society. These include transportation systems and utiltes.

In the process of selling a large newly developed office building, which participant would be categorized within the "producers” group? ] Feedback The correct answer is "The broker faciitating the sale of the building” Inthe process of selling a large office building, the broker facilitating the sale is categorized wiithin the Producers Group. Brokers in real estate play a crucial role in the production and transaction process. They assist in marketing the property, negotiating deals, and bringing buyers and sellers together.

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