Wednesday, February 9, 2011

Chapter 1 questions

1) What is the job of an originator:

a. specialist within a lending institution who finds real estate borrowers and facilitates their borrowing funds thereby creating mortgage assets.
b. a construction manager
c. contractor
d. specializes in assessing the risk associated with real estate loans.

2) What is the role of a successor entrepreneur?

a. who specializes in purchasing controlling interests in existing real estate with the expectation of reaping returns through lease or sale.
b. the original developer
c. a business person
d. a property manager

3) What does a consultant do?

a. a specialist that does your taxes
b. A person who provides specific advice
c. handels finances
d. handels legal issues

4) what does an appraiser do?

a. he is a professional specializing in providing an informed and defensible opinion of real estate asset value.
b. sell house
c. investigates reports and fprcasts the future for the real estate market.
d.a corporate forum of real estate ownership that enjoys special tax treatment as long as specific investment and distribution rules are met.

5) what is a REIT?

a. real estate professional who manages the day to day operations of real estate assets.
b.a corporate forum of real estate ownership that enjoys special tax treatment as long as specific investment and distribution rules are met.
c.a corporate forum of real estate ownership that enjoys special tax treatment as long as specific investment and distribution rules are met.
d. A person who privides specific advice.

6) what is the role of and underwriter?

a. a real state professional who specializes in assessing the risk associated with real estate loans.
b.a real estate professional who maintains and creates values by mazimizing the attractiveness of properties and by keeping them leased up. Duties may also include portfolio acquisition and disposition and assets performance monitoring
c.a specialist within a lending institution who finds real estate borrowers and facilitates their borrowing funds thereby creating mortgage assets.
d.an asset whose value is derived from the value of underlying assets that back it

7) What is a property manager?

a. a real estate professional who manages the day to day operations of real estate assets.
b.a person who investigates reports and fprcasts the future for the real estate market.
c. a person who provide specific advice
d. professional specializing in providing an informed and defensible opinion of real estate asset value.

8)what is a market researcher?

a. a person who investigates reports and forecasts the future for the real estate market.
b. a broker who specializes in facilitating property leases rather that property sales for principals
c. professional specializing in providing an informed and defensible opinion of real estate asset value
d. a corporate forum of real estate ownership that enjoys special tax treatment as long as specific investment and distribution rules are met.

correct answers: a,a,b,a,c,a,a,a

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