Chapter 1 Qs

Lulu Carrizales.

1. A "Real Estate Conversion" is trading rights to use a space for rights to receive money. (T/F)
   
2. Consuming Activity gives space-time to Entrepreneurial Activity for Capital (rents/sales)? (T/F)
   
3. Heterogeneous products are one reason why Real Estate Markets are Inefficient? (T/F)
    
4. Which of  the following is NOT a reason why Real Estate Markets are Inefficient?
   a. Localized Markets
   b. Heterogeneous products
   c. Data Poverty
   d. All are reasons why Real Estate Markets are Inefficient
   
5. A Real Estate Professional who specializes in informing and giving an opinion on real estate value is:
   a. Agent
   b. Broker
   c. Appraiser
   d. Non of the above
   
6. The Governing Activity gives ______ to the Landing Activity in exchange for Taxes
   a. Capital
   b. Fees
   c. Space-Time
   d. Services, Regulations
   
7. Lenders help provide for humans needing space by:
   a. Allowing people to borrow (i.e. banks, etc)
   b. Donating to Non-profits
   c. All of the above
   
8. Sequential bidding is:
   a. Attempting to outbid anyone else
   b. selling property in the market by waiting for better offer
   c. non of the above
   
   1. T
   2. F
   3. T
   4. D
   5. C
   6. D
   7. A
   8. B