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26 True/False questions

  1. Move-Up DemandIn markets characterized by increasing rents, office building tenants who "fall out" of the market for class A space to class B space, or from class B to class C space

          

  2. Fundamental AnalysisForecast demand based on both basic and economic factors and conditions affecting specific sectors and industries

          

  3. Marketability AnalysisInvestigates the relationship between the demand for an competitive supply of real estate in a defined market for a specific property

          

  4. Depressed MarketA market characterized by growing demand, a corresponding lag in supply, and an increase in prices

          

  5. Market Disequilibrium1. The theoretical balance toward which the supply of and demand for real estate move over the long run- a balance that is seldom achieved

    2. The balance created at any given point by the interaction of market participants

          

  6. Economic BaseThe economic base of a community is the economic activity that allows local businesses to generate income from markets outside the community's borders

          

  7. Buyer's MarketA depressed market in which buyers have the advantage; exists when market prices are relatively low and declining due to an oversupply of property or a reduced number of potential buyers

          

  8. Market Equilibrium1. The theoretical balance toward which the supply of and demand for real estate move over the long run- a balance that is seldom achieved

    2. The balance created at any given point by the interaction of market participants

          

  9. Inferred DemandDemand projected on the basis of historic trends, current market conditions, rates of change, and absorption patterns

          

  10. Market/Marketability AnalysisA process that investigates how a particular piece of property will be absorbed, sold, or leased under current or anticipated market conditions; includes a market study or analysis of the general class of property being studied. This process is sometimes referred to as a site in search of use.

          

  11. Demand AnalysisDemand analysis focuses on identifying the potential users of a subject property

          

  12. Weak MarketA market characterized by low demand and declining price levels; also called a soft market

          

  13. Feasibility AnalysisA process that investigates how a particular piece of property will be absorbed, sold, or leased under current or anticipated market conditions; includes a market study or analysis of the general class of property being studied. This process is sometimes referred to as a site in search of use.

          

  14. Seller's MarketAn active market in which the sellers of avaiable properties can obtain higher prices than those obtainable in the immediately preceding period; a market in which a few available properties are demanded at prevailing price by many users and potential users

          

  15. Market StudyA macroeconomic analysis that examines the general market conditions of supply, demand, and pricing or the demographics of demand for a specific area or property type.

          

  16. Fall Out DemandIn markets characterized by declining rents, office building tenants who "move up" from class B to class A space, or from class C to class B space

          

  17. Strong MarketA market characterized by growing demand, a corresponding lag in supply, and an increase in prices

          

  18. Two Types of Markets Analyzed in Appraisal1. Capital Markets (Buy/Sell)
    2. Fundamental Markets (Users)

          

  19. Components of Fundamental Markets- Debt
    - Equity

          

  20. NodeA cluster of properties with the same or complementary uses, generally a nucleus of office buildings and retail stores.

          

  21. Market analysisA process for examining the demand for and supply of a property type and the geographic market area for that property type. This process is sometimes referred to as a use in search of a site

          

  22. 6 Step Market Analysis ProcessA process for examining the demand for and supply of a property type and the geographic market area for that property type. This process is sometimes referred to as a use in search of a site

          

  23. Components of Capital Markets- Debt
    - Equity

          

  24. Parts of Market DelineationA market characterized by growing demand, a corresponding lag in supply, and an increase in prices

          

  25. StabilizationA market that reflects either high demand and increasing price levels, or a large volume of transactions

          

  26. Active MarketA market characterized by growing demand, a corresponding lag in supply, and an increase in prices