real estate quizmaster
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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Real Estate QUIZMASTER
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
Definitions Analytical Numerical MiscellaneousAcronyms
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Real Estate QUIZMASTER
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
Definitions Analytical Numerical MiscellaneousAcronyms
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 100
A 1031 exchange is one way to delay ______consequences from a sale
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 200
The effective _______ expresses the NPV of the lease in anequivalent annuity form
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 300
In this type of lease, the
tenant pays for all
operating expenses
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 400
“______ Time” is time which an agent spends answering phone calls
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 500
An agreement that fixes the time period and the minimum selling price acceptable to the seller is called a _________
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 100
There is an inherent conflict in the two seller objectives of minimizing the ____ to sell the home and maximizing the _____ obtained for it
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 200
Agents sometime claim that such listings become stigmatized
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
DAILY DOUBLE
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
The Taxable Income multiplied by the income tax rate equals the Taxes _______, if the Taxable Income is negative
Daily Double Analytical for 300
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
An increase in economic life will cause the tax shelter to _______
Analytical for 400
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 500Because agents in other countries where commission rates are lower sell a far greater number of homes that is typical in the US, economists believe that the American brokerage industry has considerable ________
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
L P V
Acronyms for 100
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 200
F S B O
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
C M A
Acronyms for 300
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 400
C A M
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
C C I M
Acronyms for 500
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 100
If the purchase price of an office property is $200,000 and the first year depreciation is $4,000, then this is the basis at the end of the first year
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 200
With 25% allocated to land, this is the annual depreciation on a $180,000 purchase price with no capital improvements made on this office property
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 300
If a 4-year commercial lease for 25,000 SF involved a base rent excluding CAM and other expenses of $25 PSF, this is the gross commission payable at a 5% rate
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 400
Assuming a standard discount rate of 12.5%, this is the Effective Rent of a 7 year net lease at $30/SF per year with 2 years of free rent up front
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 500
If the purchase price of an office building is $1,000,000 with no capital improvements considered, then this would be the basis after 1 year if 25% of this price was allocated to land
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 100
Decreases in capital gains tax rates tend to ______ real estate values
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 200
The Cap Rate is equal to the NOI divided by the ______
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 300
REALTIST and NAR are both ___________ organizations
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 400
NOI – Debt Service = _______ before tax
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 500
M L S
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