Chapter 8

1. Developers gain control of the site by purchasing the land in stage two, Examine Project Feasibility.
A. True
B. False

2. The Project should be killed in stage 2 if the developer finds a cloud on the tittle along with environmental issues on the site.
A. True
B. False

3. Precommintment Activity has three stages.
A. True
B. False

4. The Dynamic Process of Real Estate Development consists of 6 sets of activities.
A. True
B. False

5. Construction loans are short term loans.
A. True
B. False

6. What are some examples of performing Due Diligence?
A. Finding easements
B. Finding environmental issues
C. Zoning
D. All the Above

7. "Teaser Documents" are assembled by two major documents for whom?
A. Potential lenders
B. Potential investors
C. Potential representatives
D. Both A&B

8. Which of the following options is not a major challenge in stage five, Construct the Design?
A. Scheduling subcontractor tasks
B. Maintaining timetables
C. Managing equipment
D. Resolving on-site conflicts and problems

Answers: 1)B, 2)A, 3)A, 4)B, 5)A, 6)D, 7) D, 8) C