Multiple Choice - True/False Questions for Chapter 8

Multiple Choice Questions:

1.

Those stages of the development process which occur before the developer has committed significant resources to the project is called what?

a) Postcommitment

b) Precommitment

c) Permitting

d) Productivity analysis

2.

An analysis which aims to estimate how much of the total demand in a competitive market can be captured by a particular property is called what?

a) Market analysis

b) Permitting

c) Marketability study

d) Competitive market

3.

A short-term loan issued to a developer to fund the construction stage of a project is called what?

a) Construction loan

b) Permanent loan

c) Takeout loan commitment

d) Bridge loan

True/False Questions:

1.

The process of obtaining the necessary government permits to begin and sustain a construction project is called permitting.

- True

- False

2.

Stage 6 of the project precommitment is called Refine the concept.

- True

- False

3.

Stage 4 includes to refine the design and the pro forma, to engage the public, and to gauge capital market interest.

- True

- False

4.

An analysis to estimate the existing and likely demand for, as well as the existing and likely supply of, a particular type of real estate use in a specific competitive market is called Marketability study.

- True

- False

5.

A general constructor is a construction expert who contracts with a developer to construct or to manage the process of constructing real estate improvements.

- True

- False

Answers:

b) c) a)

True, False, False, False, True

Posted by Jonathan Kappler