Technical oversupply in the apartment market means

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Reference no: EM132221201

1. Technical oversupply in the apartment market means that

A) there is not actually a significant vacancy rate; the statistics simply make it appear as such.

B) the asking price for units is beyond the purchasing power of potential tenants.

C) there are more available units than potential tenants.

D) the income levels of potential tenants are below the median levels projected by the developer.

2. Which is FALSE about a joint venture?

A) It is often formed by landowners, developers, and financiers, each of whom contributes unique skills and assets.

B) It must have one general partner with unlimited liability and one or more limited partners.

C) The parties are tenants in common with each other.

D) It can be entered into by individuals, corporations, and partnerships.

3. Which type of shopping center has been declining in importance?

A) Neighborhood center

B) Factory outlet mall

C) Regional center

D) Community center

4. A community shopping center typically has

A) a supermarket, a national drug discount store, or both.

B) a supermarket, a major general merchandise tenant, clothing, appliance, and shoe stores, and the balance to other retailers.

C) general merchandise stores, barber shops, and local small retailers.

D) no food market, but has two or three department stores, entertainment facilities such as theaters, and many general merchandise stores.

5. A clause that stipulates, "All buildings must include at least 1,500 square feet of living area" would be found in

A) subdivision restrictions.

B) zoning ordinances.

C) building codes.

D) neighborhood ordinances.

Reference no: EM132221201

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