- Even though you cannot physically see the lots plotted out, the lines are distinctly there artificially. (T/F)
- All real estate markets are efficient. (T/F)
- One important good or service the government provides to real estate entrepreneurs is infrastructure. (T/F)
- A mortgage broker and a mortgage banker are the same job but have two different names that can be used interchangeably. (T/F
- Commercial banks deal mostly with long-term lending. (T/F)
- 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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