Multiple Choice
18-45.When a developer puts up only a portion of the sales price and agrees to pay the balance when the property is developed and sold,this is referred to as:
A) subdivision trust
B) rolling options
C) subdivision control
D) exaction
Correct Answer:

Verified
Correct Answer:
Verified
Q2: 18-18.A construction loan commitment is:<br>A) a reserve
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
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)
Q12: 18-25.ADC financing is done primarily:<br>A) by institutions