Monday, September 2, 2013

Chapter 1 Questions- Iris Manselian

  1. Even though you cannot physically see the lots plotted out, the lines are distinctly there artificially. (T/F)
  2. All real estate markets are efficient. (T/F)
  3. One important good or service the government provides to real estate entrepreneurs is infrastructure. (T/F)
  4. A mortgage broker and a mortgage banker are the same job but have two different names that can be used interchangeably. (T/F
  5. Commercial banks deal mostly with long-term lending. (T/F)
  6. Which does not belong in the classic product type in real estate?
a.     Office
b.     Industrial
c.      Ocean
d.     Residential
7. A mortgage banker is someone who…?
a.     Is considered a match maker
b.     Finds someone who wants to buy or sell a property
c.      Borrows money themselves, then loans money to a person
d.     Takes a commission
8.  What are examples of some property rights?
a.     Air rights
b.     Surface rights
c.      Subsurface rights
d.     All of the above

1. T 2. F 3. T 4. F 5. F  6.c  7. c  8.d

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