Multiple Choice
18-10.When the developer puts up only a portion of the sales price and agrees to pay the balance when the property is developed and sold it is a(n) :
A) exaction
B) density bonus
C) subordination
D) subdivision trust
Correct Answer:
Verified
Correct Answer:
Verified
Q28: 18-48.When a lender requires a borrower to
Q29: 18-35.Release provisions written into ADC loans are
Q30: Warehousing refers to:<br>A) tying up as much
Q31: 18-15.Payments made to municipalities or other local
Q32: 18-22.For an ADC loan the lender's yield
Q34: 18-17.Construction loans:<br>A) generally,are final type of financing
Q35: 18-39.The following has an affect on option
Q36: 18-12.In the event of a default,the development
Q37: When a construction loan is made and
Q38: A large proportion of the covenants and