True or False
A fruitful conceptualization of real estate is as
artificially delineated space over time, as well as delineated in the law.
TRUE
True or False
Speculation is the application of tools and techniques to
evaluate real estate investment opportunities.
FALSE
True or False
The more efficient a market is, the less opportunity market
participants, both buyer and sellers, have of making extraordinary profits.
TRUE
Multiple Choice
What characteristic makes the real estate market so
inefficient?
Globalized
Market
Has a
critical mass market of participants
Plentiful
data
Heterogeneous
Product
Heterogeneous Product
True or False
In real estate, the process of creating space begins with an
entrepreneur; this entrepreneur is called a developer.
TRUE
True or False
A mortgage consists of one asset, a collateral agreement
securing the loan.
FALSE
Multiple Choice
Which one best describes a mortgage banker?
A. A lender who specializes in using
borrowed funds, usually from commercial banks, to originate real estate
mortgage.
B. An intermediary who specializes in
bringing real estate borrowers together with real estate lenders but who does
not originate real estate mortgages.
A
Multiple Choice
A real estate professional specializing in providing an
informed and defensible opinion of real estate asset value.
Asset
Manager
Broker
Appraiser
Market
Researcher
Appraiser
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