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Which one of the following business types is NOT eligible for SBA financing?
Net Income Multiplier may be used within the Income Approach to develop a market value for the property.
What is the maximum amortization/term on SBA 7a Real Estate Loans?
Yield capitalization techniques have more in common with discounted cash flow than with direct capitalization.
What steps are key to insuring a fast closing? (Check all that apply)
The costs to lease up to stabilized occupancy should be accounted for in all three approaches to value.
What are the principal responsibilities of a property manager?
The actual rental income specified in a lease is also known as contract rent.
What is an example of a non-income producing asset?
A reconstructed operating statement developed by an appraiser represents his or her opinion of the most probable future net operating income of the property.
If a tenant has an underground storage leak the manager should
The best comparable sales are those that require the least quantitative adjustments or the least qualitative analysis.
What is NOT an owner’s goal?
The best comparable sales are those where the buyers of those sales would also consider the subject property as an alternative investment.
How can a manager increase the value of a property?
A tenant falls on the sidewalk in front of the building…
What is the down payment requirement for a general purpose owner occupied SBA loan?
What is a dark clause in a lease?
What is the down payment requirement for a general purpose owner occupied conventional loan?
If a tenant has an underground storage leak the manager should…
What are the primary benefits of SBA 7a Financing Programs? (Select all that apply)
To control expenses on a property you can…
ABC Inc. purchases a building for $1,000,000 using a conventional loan. The bank required a $250,000 down payment. What is the loan to value ratio of the project?
An exclusion in a lease may be…
XYZ Inc. purchases a building for $1,000,000 using an SBA loan. The bank required a $100,000 down payment. What is the loan to value ratio of the project?
Which of the following is NOT a recognized method of depreciation within the Cost Approach?
What percentage of the building must be owner occupied to qualify for SBA Financing?
The contributory value of any site improvements using the cost as the starting point must deduct all applicable depreciation.
Which of the following expenses can often be added to an SBA 7a financing project? (Select all that apply)
Entrepreneurial Incentive should be developed even under depressed market conditions within the Cost Approach.
Which of the following property characteristics are critical to a retail property user:
Ceiling height is most critical for which type of property use:
The typical freestanding drug store on the corner leased by Walgreens/CVS can be classified as:
The most important consideration for real estate investors buying property is usually:
Which of the following would NOT be considered “specialty” real estate?
Which of the following is the least important consideration for manufacturing users on choosing locations?
Shared conference facilities and nearby shopping and dining amenities are most important to:
Which of the following is least consistent with a mixed-use description for real estate:
The configuration and location of manufacturing facilities:
Garden office buildings are always distinguished from mid-rise office buildings by:
A commercial property lease is different from most residential leases because:
Which of the following is a critical element of all commercial leases:
A real estate broker should advise their client to consult an experienced real estate attorney for a commercial lease:
Co-tenancy, exclusive use and narrow/specific use restrictions are most prevalent and important in:
In a triple net lease, the Landlord is usually responsible for which of the following expenses and not reimbursed by the Tenant for:
In a gross, full service office lease with a base year expense stop, the Tenant pays which the following in addition to base rent:
The following are typical remedies for the Landlord in the event of a Tenant default under a commercial lease:
A personal guaranty of a lease:
An estoppel certificate or estoppel letter from a Tenant:
A letter of intent:
Generally, the best property description to use for a commercial purchase agreement is:
A liquidated damages clause in a purchase agreement:
The benefits of using standardized form purchase agreements include:
A purchase agreement for a leased property should include provisions for:
The preferable type of survey to specify for a commercial property purchase is:
A phase I environmental assessment includes:
Title insurance endorsements can be used:
Which of the following is/are true?
The review of the title commitment and survey: