Real Estate Analysis and Consulting Quiz

Play an AI-generated podcast conversation about this lesson

What is the definition of 'absorption analysis'?

A study of the anticipated movement of cash into or out of an investment

An analysis of the amount of space or the number of units that can be sold, leased, put into use or traded on the market during a predetermined period of time (correct)

A study of the prevailing prices or rentals in the real estate market

An analysis of the cash flow into or out of an investment

What does 'advice' refer to in a consulting engagement?

The study of the movement of cash into or out of an investment

An analysis of the prevailing prices or rentals in the real estate market

A considered judgment arrived at after careful investigation and analysis (correct)

The party who engages a consultant by contract

What is a 'binding requirement' according to USPRCP standards?

The movement of cash into or out of an investment

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

An analysis of the amount of space or the number of units that can be sold, leased, put into use or traded on the market

A considered judgment arrived at after careful investigation and analysis

What does 'cash flow analysis' involve?

A study of 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 does 'client's problem' refer to in a historical realty situation?

Any question, doubt, uncertainty, or difficulty arising from a historical realty situation in which something has gone wrong without yet available explanation Signup and view all the answers

What is the definition of real estate consultant according to Article I, Sec. 3, g(1) of R.A. 9646 Real Estate Service Act of the Philippines?

A person who offers or renders professional advice and judgment on the acquisition, enhancement, and utilization of land. Signup and view all the answers

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

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

What is the 'rent-up period' for an income property?

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

What does 'signature' indicate in the context of consulting services?

Authentication of the work performed by the consultant and the acceptance of responsibility for content, analyses, and conclusions in the report. Signup and view all the answers

What does 'primary data' refer to in consulting?

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

In real estate terminology, what does 'realty' refer to?

Real estate only Signup and view all the answers

What is the date of a written report lacking a transmittal letter prepared by the consultant?

The date of the report Signup and view all the answers

What is the meaning of 'economically feasible' in the context of real estate?

Refers to a real estate project that is able to meet defined financial investment objectives Signup and view all the answers

What does 'highest and best use (HBU)' refer to in the context of real estate?

The best use that results in the highest present value of the land considering all legally permissible, physically possible and economically feasible uses Signup and view all the answers

What is 'intended use' in the context of a consultant's reported consulting engagement?

The use identified by the client at the time of the engagement for the consulting report Signup and view all the answers

What does 'limiting condition' specify in a consulting report?

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

In a marketability study, what does the analysis focus on?

The ability of the property to be absorbed, sold, or leased under current and anticipated market conditions Signup and view all the answers

What does 'consulting' refer to in real estate?

The act or process of providing information, analysis, and conclusions on diversified problems in real estate Signup and view all the answers

What does 'primary data' relate to in consulting?

Information pertinent to a specific assignment gathered by the consultant not available in published sources Signup and view all the answers

'Land utilization studies' do NOT focus on which of the following?

'Viewpoint of any particular investor' Signup and view all the answers

'Data' may be divided into classes including general, specific, primary, and secondary. What does 'specific data' relate to?

'Specific data' is information related to economic and demographic background, region, city, and neighborhood Signup and view all the answers

What is meant by 'effective demand' in economic terms?

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

What does 'feasibility analysis' involve?

A study that reflects capability of being accomplished under certain conditions and assumptions of marketing, technical or financial aspects Signup and view all the answers