Which of the following is not a way in which revenue is generated by real estate assets?

• A. Broker fees
• B. Rent
• C. Parking revenues
• D. Laundry income

Answer: (A)

The key idea is distinguishing what actually comes from the property's ongoing operations versus what is fees earned by a broker for arranging a lease. Real estate assets generate revenue mainly from the tenants’ use of the space—base rent and any ancillary income tied to the property’s operations. Parking and laundry are classic examples of this kind of revenue because they come from on-site services the property provides to occupants.

Broker fees, on the other hand, are payments to a broker for facilitating a lease or sale. They aren’t produced by the asset’s day-to-day use and aren’t part of the property’s ongoing operating revenue. In financial models, these are typically treated as leasing costs or external broker income, not as recurring property revenue.

So, broker fees are not a way revenue is generated by real estate assets, whereas rent, parking revenue, and laundry income are.