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Real Estate Development MCQ

Creditors can legally require information about ____ on a credit application.

Age

You

FCRA

All of These

Answer

Correct Answer: Age

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____ give the holder the right to sell shares of the optioned asset at a given price.

Rights

Warrants

Call options

Put options

Answer

Correct Answer: Put options

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No yard maintenance and the freedom to move easily are both _____.

Advantages to renting.

FDIC Deposit Insurance Regulations

Purchase a car with a car loan

Equal Credit Opportunity Act

Answer

Correct Answer: Advantages to renting.

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Mortgage ____ occurs when a new mortgage is obtained to pay off an existing mortgage.

Foreclosure

Refinancing

A conventional mortgage

Preforeclosure

Answer

Correct Answer: Refinancing

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The ratio for determining value is best described as _______.

Learn as much as possible about your customers so that you know what they want and will buy.

Physical items used by companies to produce other goods or services

Dividing a broader market into subsets of customer types having similar needs, interests, and priorities

Value = Benefits divided by ÷ Costs

Answer

Correct Answer: Value = Benefits divided by ÷ Costs

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"gold," "silver," or "platinum" cards are all examples of ____ cards.

Revolving

Prestige

Affinity

Travel and entertainment

Answer

Correct Answer: Prestige

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