18-19.If the developer fails to initiate construction,he will generally:
A) be subject to a fee
B) have the commitment fee returned
C) have no right to a return of the commitment fee
D) not be penalized
Correct Answer:
Verified
Q12: 18-15.Payments made to municipalities or other local
Q13: Land loans are considered to be:
A) risky
B)
Q14: Rolling options are popular with:
A) speculators
B) residential
Q15: A large proportion of the covenants and
Q16: 18-11.Development includes:
A) subdividing
B) engineering
C) physical work
D) all
Q18: 18-16.The process whereby a developer agrees to
Q19: Warehousing refers to:
A) tying up as much
Q20: 18-17.Construction loans:
A) generally,are final type of financing
Q21: 18-39.The following has an affect on option
Q22: 18-40.In order to develop a parcel of
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