Real Estate QUIZMASTER By Norm Miller and Richard Green Definitions Analytical Miscellaneous Disciplines Key Drivers 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500

Real Estate QUIZMASTER Definitions Analytical Miscellaneous Disciplines Key Drivers 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500

The market in which a property competes Definitions for 100 The market in which a property competes What is a Submarket

Societal forces pulling us towards a center Definitions for 200 Societal forces pulling us towards a center What are Centripetal Forces

Estimation of the value of a property after systematic analysis Definitions for 300 Estimation of the value of a property after systematic analysis What is an Appraisal

The spread of demand over space Definitions for 400 The spread of demand over space What is Sprawl

Definitions for 500 The effect that export sector employment change has on total employment and population What is the Multiplier Effect

Think _______ and act locally Analytical for 100 Think _______ and act locally What is Globally

The demand curve is ______ sloping Analytical for 200 The demand curve is ______ sloping What is Downward

Analytical for 300 The economic implication of durability is an inelastic supply curve in the ______ run What is the Short Run

Real Rent Increase = Nominal Rent Increase - ________ Analytical for 400 Real Rent Increase = Nominal Rent Increase - ________ What is Inflation

Analytical for 500 Combining the short and long run supply curves causes this change in the shape of the curve What is Kinks it

Miscellaneous for 100 The two extreme personality attributes are Pure People Type and ________ What is Analytical Type

Miscellaneous for 200 R E I T What is a Real Estate Investment Trust

Miscellaneous for 300 The long gestation period needed to plan and develop new supply and respond to changes in demand causes Real Estate markets to be ___________ in nature What is Cyclical

Miscellaneous for 400 The most entrepreneurial of all real estate career paths is considered to be __________ What is Development

C M B S Miscellaneous for 500 What is Collateralized Mortgage Backed Securities

Appraisers can be certified at two levels: General and _______ Disciplines for 100 Appraisers can be certified at two levels: General and _______ What is Residential

Disciplines for 200 Most real estate properties will trade over a range of ______ prices at any given point in time as opposed to the point estimate observed in perfectly competitive markets What are Equilibrium Prices

DAILY DOUBLE

Disciplines for 300 Two of the primary lenders for residential single family are ______ and ________ What are any two of Commercial Banks, Savings Institutions and Credit Union

Disciplines for 400 Enhancing tenant retention and maximizing the net revenues of the property falls under the discipline of ___________ What is Property Management

________ lending is the most involved end of the financing spectrum Disciplines for 500 ________ lending is the most involved end of the financing spectrum What is Construction Lending

Key Drivers for 100 Parking availability and the lack of Class A Space are supply side drivers of _______ properties What are Office Properties

Key Drivers for 200 Government moratoriums on building demolition is a supply driver for ________ What are Parking Lots

Key Drivers for 300 Transportation and distribution system quality and growth, and manufacturing employment growth are all demand drivers for ________ properties What are Industrial Properties

Key Drivers for 400 Regional household wealth, population growth rates, lifestyle trends, and employment/ income growth rates are demand drivers for ________ properties What are Retail Properties

Key Drivers for 500 Airports, convention centers, and mixed use developments are key supply side drivers for ________ properties What is Hotel properties