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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