QUESTION 1

Which of the following characteristics are more important to residential properties when compared to the other property types?

a. Immediate access to major highways

b. Necessary sources of retail goods, education, and employment

c. Access to major airports

d. Near by restaurants serving breakfast and lunch

QUESTION 2

Suppose that the total population in San Antonio is expected to rise by 12,500 persons in the forecast period and the average household size is 2.8 people with 35 percent of those households residing in rental apartment housing. Further, assume that currently there are 800 vacant rental apartment units in the area. What is the minimum number of additional rental apartment housing units required to meet housing demand in the forecast period?

a. 360 additional units

b. 763 additional units

c. 1563 additional units

d. No additional units required

QUESTION 3

The strategic analysis for a residential property considers the following for a final decision about the property

a. Population and non-household population

b. Households and average household size

c. Goals and objectives, alternative opportunities and decision criteria

d. Median age and median household income

QUESTION 5

The ________ is the spatial relationship to directly competitive apartment complexes in close proximity.

a. primary supply link

b. secondary supply link

c. existing supply link

d. vacancy supply link