Real Estate Knowledge

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Across
  1. 2. A properties net operating income divided by the selling price is known as the __________ rate
  2. 3. Gross ____________ rent is the amount of rent an owner would collect if all apartments were occupied paying rent
  3. 5. For all leased units, the difference between market and actual rents is known as the loss to ________
  4. 7. A property whose rents are at or above market rates is known as a rent roll that is ______ out.
  5. 9. Name of the environmental report that will be required by a bank before providing any financing is known as a _______ One Report
  6. 14. Abbreviation for real estate given to properties which are owned by a lender after an unsuccessful foreclosure sale
  7. 15. An economic incentive given to a renter to encourage leasing an apartment is known as a rent _________
  8. 16. A type of property combining retail and residential apartments is known as a ___________ property
  9. 18. Garden apartment communities usually have a flat or _________ roof
  10. 19. Using borrowed funds to purchase a property to increase an owner's purchasing power is known as using ________
  11. 20. Decreasing an operating expense annually by $10,000 in a 5% cap rate market results in increasing gross property value by __________ hundred thousand
  12. 22. The abbreviation for revenue less all operating costs, excluding debt service, depreciation, capital expenditures and income taxes is known as the ________
  13. 24. A _____ search examines public records for the property history including sales, purchases, tax and other types of liens
  14. 25. The amount of the mortgage on a property is known as the
Down
  1. 1. The net operating income of a property divided by the cap rate equals the properties property _________
  2. 4. Abbreviation for a property where the owner pays for all utilities is known as a __________ property
  3. 5. A contractor that is owed money by an owner can put a ______ on the property
  4. 6. _____________ is the process of paying off the mortgage balance by making regular debt service payments over time
  5. 8. The amount of units allowed to be built on a parcel of land is known has the properties ___________
  6. 10. Real estate taxes are generally computed by multiplying the tax rate by the properties ___________
  7. 11. The higher the cap rate the ______ the property value
  8. 12. 43,000 Square Fees = one
  9. 13. Abbreviation for an association that charges fees and manages a community or condominium
  10. 17. A market where supply significantly exceeds demand resulting in lower sales prices and rental rates is known as a _________market
  11. 20. The number of move-outs or units vacated during a specific time period and the total number of units in a property is known as the ________ ratio
  12. 21. The ease which an asset can be converted into cash
  13. 23. The amount of rent that could have been collected from vacant units if they had been occupied is known as the ___________ loss
  14. 26. The _____ rate is the net operating income to property value