1) Home ownership not only satisfies the need for
space, but also provides economic and psychological benefits.
a.
True
b.
False
2)
Individual borrowers can optimize their interest
rate-discount rate selection if they know the lender’s payoff assumption and
are able to accurately anticipate their own payoff.
a.
True
b.
False
3)
All businesses need the same amount of real
estate in order to be successful.
a.
True
b.
False
4)
Real estate can contribute to a corporation in
three ways: as a trading base, as a cost of operation or a factor of
production, and adds to the overall value of the corporation.
a.
True
b.
False
5)
A corporation should own all of its real estate
to profit from the operational and strategic support of the space.
a.
True
b.
False
6)
________ is a residential mortgage structure
whose payments begins below the fixed-rate, fully amortized mortgage payment
but are systematically increased on a predetermined basis until in later years
they exceed the fully amortized payment.
a.
Interest-only mortgage
b.
Partially amortizing mortgage
c.
Graduated payment mortgage
d.
Reverse annuity mortgage
7)
A loan charge designed to cover the lender’s
costs of processing the application and loan is called a _____.
a.
Points
b.
Origination fee
c.
APR
d.
Negative amortization
8)
For a given site, a weak score in one
characteristic can be compensated for by a strong score in another
characteristic. This is called ________.
a.
Location decision
b.
Corporate strategy
c.
Tenure decision
d.
Commensurability
Answers: 1)A
2)A 3)B 4)B
5)B 6)C 7)B
8)D
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