18-10.When the developer puts up only a portion of the sales price and agrees to pay the balance when the property is developed and sold it is a(n) :
A) exaction
B) density bonus
C) subordination
D) subdivision trust
Correct Answer:
Verified
Q2: 18-20.Construction loan provisions:
A) ensure the availability of
Q3: 18-14.In the case of seller financing,after the
Q4: The most likely reason for different lenders
Q5: 18-18.A construction loan commitment is:
A) a reserve
Q6: The speculator is interested in:
A) appreciation of
Q8: The developer is interested in:
A) appreciation of
Q9: When a construction loan is made and
Q10: Land loans will seldom exceed:
A) 70-80% of
Q11: 18-12.In the event of a default,the development
Q12: 18-15.Payments made to municipalities or other local
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents