Development, Operation and Management of Real Estate Appraisers (1)

A, single choice questions (***35 questions, each question 1 point. )

1. The following risks are not systematic risks of real estate investment ()

Inflation risk B cycle risk

Compare risk d and realize risk.

Answer: c

Analysis: Comparative risk is individual risk.

2. The average yield of the real estate investment market in a certain period is 15%, the yield of national debt is 4%, and the risk correlation coefficient of the real estate market relative to the whole investment market is 0.4, so the discount rate determined by the capital asset pricing model should be ().

a 6% b 8.4% c 1 1% d 15%

Answer: b

Analysis: 4% 0.4×( 15%-4%)=8.4%

3. A developer plans to borrow150,000 yuan from the bank and pay it off once every five years. The loan interest rate of Bank A is 654.38+07%, and that of Bank B is 654.38+06%, with compound interest on a monthly basis. It is more economical to borrow from ().

A, a, b, b, c, a, b and d can't be compared.

A: A.

Analysis: Bank A:15001500 *17% * 5 = 2775.

Bank B:1500 (116%/12) 60 = 3320438+0.

Therefore, it is more economical to borrow from Bank A. 。

4. The nature of real estate determines that the real estate market is a regional market.

Immovability b adaptability

C anisotropy d interaction

A: A.

Analysis: The immovability of real estate determines that the real estate market is a regional market.

5. It is known that the annual interest rate of a loan is 15%, and the borrower and the lender agree to bear interest quarterly. The real interest rate of this loan is ().

a 3.75% b 7.5% c 15% d 15.87%

Answer: d

Analysis: I = (1r/m) m-1= (115%/4) 4-1=15.87%.

6. Regarding the fund recovery factor of equal installment payment, the following statement is correct ().

a (p / a，I，n) b (a/p，I，n) c (a/f，I，n) d (f/a，I，n)

Answer: b

Analysis: (a/p, I, N) is the standard expression of the fund recovery coefficient of equal order payment.

7. The difference between simple interest and compound interest is ()

A Do you consider the time value of funds? B Do you consider the time value of the principal?

C whether to consider the time value of accumulated interest in previous interest periods?

Nominal interest rate or real interest rate?

Answer: c

Analysis: The difference between simple interest calculation and compound interest calculation lies in whether the time value of accumulated interest in the previous interest period is considered.

8. The behavior of residents buying houses belongs to ()

A habitual buying behavior B seeking diversified buying behavior

C to solve the uncoordinated purchase behavior D complex purchase behavior

Answer: d

Analysis: Residents' purchase behavior belongs to complex purchase behavior.

9. It is known that a real estate investment project has an investment of 45 million yuan and a working capital of 5 million yuan. If the investor's equity capital is 6,543,805 yuan, the average annual profit during the operation period is 6,500,000 yuan, and the average annual after-tax profit is 5,000,000 yuan, then the investment profit rate of this investment project is ().

a 13.0% b33.3% c43.3？ .4%

A: A.

Analysis: 650/(4500500) ×100% =13.0%

10. Among the following expenses, the one that does not belong to the prophase cost of the development project is ().

A three links and one leveling fee B project cost consulting fee

C feasibility study fee d hydrogeological exploration fee

Answer: b

Analysis: The project cost consulting fee belongs to other expenses.

1 1. The main task of the work is to make suggestions on investment projects or investment directions, and this stage is ().

A opportunity study b pre-feasibility study

Preliminary feasibility study d detailed feasibility study

A: A.

Analysis: The main task of opportunity research is to make suggestions on investment projects or investment directions.

12. For the repayment ability of individual housing loans, the state stipulates that the ratio of monthly housing expenditure to income of each housing loan should be controlled below ().

a 40% b 50% c 60% d 70%

Answer: b

Analysis: The proportion of monthly housing expenditure to each housing loan income should be controlled below 50%.

13. The investment estimation accuracy in the detailed feasibility study stage can reach ().

a 5% b 10 % c 15% d 20%

Answer: b

Analysis: The investment estimation accuracy in the detailed feasibility study stage can reach 10%.

14. According to the income level of local real estate, the same type of real estate has a suitable rent-price ratio. Under normal circumstances, the price of a house is roughly equivalent to the rent of ().

A 50 months b 100 months

C 10 month d 10 year.

Answer: b

Analysis: The general rent is around 100 month. If the price is too high, the demand for renting will increase.

15. According to (), the real estate market can be divided into primary market, secondary market and tertiary market.

Transaction form b purpose

C target market d inventory increment

Answer: d

Analysis: According to the increment of stock, the real estate market is usually divided into three markets: the primary market (land use right transfer market), the secondary market (land transfer, new commercial housing rental and sales market) and the tertiary market (stock real estate trading market).

16. Invited bidding is a private bidding. Contractors invited to bid are usually in ().

A 3 or more b 5- 10

3- 10

Answer: d

Analysis: According to the regulations, there is generally 3- 10 invitation to bid.

17. () is the most commonly used means to collect first-hand information.

A face-to-face interview b questionnaire survey c observation d discussion

Answer: b

Analysis: Questionnaire survey is the most commonly used means to collect first-hand information.

18. The relationship between the nominal interest rate and the real interest rate is incorrect ().

A when the number of interest-bearing cycles per year m> is 1, the actual interest rate is less than the nominal interest rate.

B When the number of interest-bearing cycles per year is m= 1, the real interest rate is equal to the nominal interest rate.

C real interest rate and nominal interest rate can better reflect the time value of funds.

D the greater the nominal interest rate, the shorter the interest period, and the greater the difference between the real interest rate and the nominal interest rate.

A: A.

Analysis: When the number of interest-bearing cycles per year is m> in 1, the real interest rate is greater than the nominal interest rate.

19. Current ratio, the following statement is incorrect ()

A current ratio = total current assets/total current liabilities × 100%

B also known as "banker ratio"

C is also called "two to one".

D internationally, banks generally require this ratio to remain above 100%.

Answer: d

Analysis: Internationally, banks generally require this ratio to remain above 200%.

20. The cost profit rate of real estate investment projects is equal to () times 100%.

Developer's profit/total development cost

B Net operating income/total development cost in normal operation year.

Developer's profit/total development value

Operating income/total development cost in normal operation year

A: A.

Analysis: Formula: rpc=dp/tdc

2 1. The present value of the property rent paid by a tenant in five years is 400,000 yuan, and the annual rent growth rate is 5%. If the discount rate is the same, the rent paid by the tenant at the end of the first year is () ten thousand yuan.

a 8.0 b 8.4 c 9.0 d 10.0

Answer: b

Analysis: a 1=8.4 is obtained from 40 = 5 * a1(1.5%).

22. The construction stage of real estate development project refers to the process experienced by ().

A Real estate development B: After the land is acquired, the project is completely completed.

C from project commencement to project completion acceptance D from project commencement to project rental sales completion.

Answer: c

Analysis: The construction stage of real estate development project refers to the process from project commencement to project completion acceptance.