Chapter1

Chapter 1

1. The legally recognized rights associated with the ownership of real estate is:

A. Real estate investment

B. Real estate market

C. Real Property

D. Amortization

2. An Entrepreneur who creates real estate for human production is:

A. Developer

B. Lender

C. Mortgage Broker

D. Real estate agent

3. A person who asses the risk associated with real estate loans is:

A. Servicer

B. Underwriter

C. Lender

D. Broker

4. An origination creates mortgage by lending money to real estate borrowers.

T/F

5. There is only one real estate market.

T/F There are many real estate markets

6. Every parcel of real estate is unique.

T/F

7. Mosr real estate is not sold by sequential bidding.

T/F Most property is sold by sequential bidding

8. A broker manages the day to day opperations of real estate assets.

T/F A broker facilitates the sale of real estate while a property manager manages the day to day opperations