Multiple Choice
18-24.The purpose of an option is:
A) to exercise a lease on the property
B) to be able to purchase the land at a future time
C) to secure land without securing immediate financing
D) both b and c
Correct Answer:
Verified
Correct Answer:
Verified
Q14: 18-34.The following are covered in a "construction
Q15: 18-46.When improvements in the infrastructure are financed
Q16: 18-33.A developer that constructs and donates a
Q17: 18-40.In order to develop a parcel of
Q18: 18-47.A separate agreement whereby a lender makes
Q20: 18-20.Construction loan provisions:<br>A) ensure the availability of
Q21: 18-16.The process whereby a developer agrees to
Q22: 18-31.The city or county where the development
Q23: Land loans will seldom exceed:<br>A) 70-80% of
Q24: 18-44.The holding of large parcels of properties