Wednesday, February 9, 2011

Chapter 1 Questions

Mupltiple Choice

1. The process of creating space begins with a(n)

(a) Government activity

(b) Consumer activity

(c) Entrepreneurial activity

(d) Investing activity

Answer: (c) Entrepreneurial activity

2. A real estate professional who manages the day-to-day operations of real estate assets is

(a) Asset Manager

(b) Property Manager

(c) Servicer

(d) Mortgage Broker

Answer: (b) Property Manager


1. True/False - Even though the terms real estate and real property are commonly used synonymously, technically, space is real property and the rights are real estate.

Answer: False

2. True/False - Real estate markets tend to be efficient markets.

Answer: False

3. True/False - In markets, superior information is the key to above average returns.

Answer: True

4. Appraisers deliver valuation judgments to support negotiations or document performance.

Answer: True

5. True/False - A developer is someone who lends capital for real estate.

Answer: False

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