Multiple Choice
18-18.A construction loan commitment is:
A) a reserve of funds held from subcontractors
B) an agreement to make a loan in exchange for a fee
C) an agreement to meet building codes
D) an agreement for an appraisal according to federally mandated requirements
Correct Answer:
Verified
Correct Answer:
Verified
Q1: 18-19.If the developer fails to initiate construction,he
Q3: 18-21.An independent third party that is a
Q4: 18-42.The following should be covered under a
Q5: 18-26.Raw land is acquired by two types
Q6: The speculator is interested in:<br>A) appreciation of
Q7: 18-45.When a developer puts up only a
Q8: 18-14.In the case of seller financing,after the
Q9: 18-11.Development includes:<br>A) subdividing<br>B) engineering<br>C) physical work<br>D) all
Q10: The developer is interested in:<br>A) appreciation of
Q11: 18-36.Loan-to-Value ratios for commercial projects are usually:<br>A)