Wednesday, February 9, 2011

Multiple Choice Questions for Chapter 1

Multiple Choice Questions

Which of the following is no reason for the inefficiency of real estate markets?

a) localized markets

b) data poverty

c) homogeneous products

d) a and b

An entrepreneur whose expertise is used to gather necessary factors of production to create real estate for human needs is called what?

a) lender

b) borrower

c) commercial bank

d) none of the above

Who of the following is specialized in providing an informed and defensible opinion of real estate asset value?

a) market researcher

b) leasing agent

c) appraiser

d) none of the above

True/False Questions

Real estate is defined as space over time.

- True

- False

There are many markets for real estate.

- True

- False

The real estate market is a physical place.

- True

- False

REIT´s enjoy special tax treatment.

- True

- False

A dealer brings buyer and sellers together.

- True

- False

Solutions

c) d) c)

False, True, False, True, False

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