Real Estate Analysis and Consulting Quiz

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What does absorption analysis measure?

The cost of space or units on the market

The amount of space or number of units that can be sold, leased, put into use, or traded on the market (correct)

The potential future value of space or units in the market

The historical value of space or units sold in the market

What is considered as 'advice' in a consulting engagement?

Any random opinion given by the consultant

The final decision made by the client

Considered judgment arrived at after careful investigation and analysis (correct)

The analysis report provided by the consultant

What is a binding requirement according to the text?

A request made by the client to the consultant

All or part of a standards rule from which departure is not permitted (correct)

A recommendation from the consultant to the client

A guideline that can be modified without any restrictions

What does cash flow analysis study?

The anticipated movement of cash into or out of an investment Signup and view all the answers

Who is referred to as the 'client' in a consulting engagement?

The party who engages a consultant by contract in a specific engagement Signup and view all the answers

What constitutes a 'client's problem' according to the text?

Any question, doubt, uncertainty, or difficulty arising from a historical realty situation Signup and view all the answers

What is the act or process of providing information, analysis of real estate data, and recommendations on diversified problems in real estate, other than estimating value in a disinterested manner?

Consulting Signup and view all the answers

What is the date at which the analyses, opinions, and advice in an appraisal, review, or consulting service apply?

Effective date Signup and view all the answers

What does 'Economically Feasible' refer to?

A project's ability to meet defined financial investment objectives Signup and view all the answers

What does 'Effective Demand' refer to?

The desire to buy to satisfy need coupled with the ability to pay Signup and view all the answers

What does 'General Data' refer to?

Information that is not specific to a certain property Signup and view all the answers

What is the reasonable and probable use that results in the highest present value of the land after considering all legally permissible, physically possible and economically feasible uses?

Highest and best use (HBU) Signup and view all the answers

What does 'Intended Use' refer to?

The client's use of a consulting report Signup and view all the answers

What does 'Investment Analysis' reflect?

A study that reflects the relationship between acquisition price and anticipated stream of future benefits of a real estate investment Signup and view all the answers

What is a 'Letter Report'?

A shortened consulting report that states conclusions and recommendations Signup and view all the answers

What does 'Limiting Condition' specify in a consulting report?

Restrictions on the assumptions in the report to certain situations Signup and view all the answers

What is 'Marketability Study'?

A real estate analysis of a specific property that addresses its ability to be absorbed under current market conditions Signup and view all the answers

What does the term 'rent-up period' refer to in the real estate context?

The time period during which an income property is expected to reach stabilized occupancy levels Signup and view all the answers

What does the term 'market segmentation' involve in the real estate market?

Aggregating potential users of a property from the general population based on defined consumer characteristics Signup and view all the answers

What is the role of a 'real estate consultant' as defined in R.A. 9646 Real Estate Service Act of the Philippines?

To provide professional advice and judgment on land acquisition and real estate project development for a fee Signup and view all the answers

What does 'primary data' refer to in the context of real estate consulting?

Information gathered by the consultant that is not available in a published source Signup and view all the answers

What does the term 'realty' encompass in the real estate context?

Includes both real estate and real property Signup and view all the answers

What does 'secondary data' entail in the context of real estate consulting?

Data derived from published sources not collected by the consultant, e.g., census information Signup and view all the answers

What is the purpose of a 'signature' in a consulting report?

To authenticate the work performed by the consultant and accept responsibility for the report's content, analyses, and conclusions Signup and view all the answers

What does 'standard' refer to in the context of real estate consulting?

The authoritative rule serving as a guide to achieve competent and ethical practice in developing and reporting consulting services Signup and view all the answers