QUESTION 1
After an apartment building’s operating expenses and mortgage payment have been paid, the amount of money left over from the rents collected that month is called the:
a.equity
b.leverage
c.appreciation
d.cash flow
QUESTION 2
All of the following statements about industrial parks are correct, except:
a.Industrial parks are also called business
.They typically have single-story shell buildings with high ceilings
c.They may be developed as condominiums
d.They usually allow only manufacturing uses, so that business offices and warehouses must be located elsewhere
1 points
QUESTION 3
All of the following investor-owners would be likely to hire a professional property manager, except:
a.Mary Ann, a surgeon who owns a residential duplex and rents both units to tenants
b.Paul, a commercial fisherman who owns 20 acres of undeveloped land that he’s holding for appreciation
c.the Cartwright Group, a partnership that recently purchased and renovated an 80-unit apartment building constructed in the 1920s
d.Ernesto, a retiree who owns a small office building and lives in another state
QUESTION 4
An R/U ratio is often used to determine:
a.the maximum number of people that can legally occupy a residential unit
b.the optimum number of smaller stores for a shopping center with a particular type of anchor store
c.how much a commercial tenant will have to pay toward the building’s common area expenses
d.how many parking spaces a retail building will need in order to accommodate customers and employees