ADMS 3810 Study Guide - Midterm Guide: Earnings Before Interest And Taxes, Escheat, Air Rights

• School: York University
• Department: Administrative Studies
• Course: ADMS 3810
• Professor: John Glen

Document Summary

Part 1: real estate industry overview: the real estate marketplace. Consists of a large number of separate markets differentiated by geographic location and type of real estate it can be said that an infinite number of markets exist. Analysis of the real estate: estimates the net operating income, deducts claims by lenders, government and others that have priority over the equity claim, estimates the residual cash flow that belongs to the equity owner: key definitions. Property: refers to things and objects capable of ownership. That can be used, controlled, or disposed of by an owner. Real estate: real property consists of physical land plus structures and other improvements that are permanently attached. Refers to the legal rights, interests and benefits inherent in the ownership of real estate. Permanent attachment: personal property is moveable whereas real estate is not. D: features of real estate study this. Long economic life *buildings rarely fall down but usually torn down.