1. 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

2. 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

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

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

5. 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

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

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

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

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

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

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

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

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

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

15. 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

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

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

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

19. 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

20. DAILY
DOUBLE

21. 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

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

23. ________ 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

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

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

26. 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

27. 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

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