In each stage of the development process, the developer faces risks that can have a profound impact on the success of the particular project. Which of the following risks is of primary concern after the construction phase has been completed?
A) Environmental risk
B) Title risk
C) Market risk
D) Permitting risk

Question

Quizplus · Accepted Answer

After the construction phase has been completed, the primary concern is market risk. This refers to the risk associated with the demand for the project in the market. If the market for the project is not as expected, it may result in a financial loss or the project may not be successful. Environmental risk, title risk, and permitting risk are more relevant during the earlier stages of the development process.

In Each Stage of the Development Process, the Developer Faces