QUIZ #1 September 02, 2023

REAL ESTATE MARKETING & BROKERAGE

EXPLAIN THE FOLLOWING:

1. LAND
Land serves as the foundation for all other types of real estate. Undeveloped property and vacant
land are frequently referred to as land. Developers buy land, combine it with other properties,
also known as Assembly, and rezone it to increase density and property value.
2. RESIDENTIAL
Individuals, families, and groups of people can live in residential real estate. This is the most
common type of estate and the most well-known asset class. There are single-family homes,
apartments, condominiums, townhouses, and other types of living arrangements within
residential.
3. COMMERCIAL
Commercial property is land and buildings used by businesses for running their operations.
Shopping malls, individual stores, office buildings, parking lots, medical centers, and hotels are all
examples.
4. INDUSTRIAL
Industrial real estate refers to land and buildings used by industrial businesses for activities such
as factories, mechanical production, research and development, construction, transportation,
logistics, and warehousing.

Submitted by:
Yvony B. Dela Cruz
BS in Real Estate Management

Submitted to:
Prof. Marigold Y. Cura, MBA, Ph.D, REB