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- 1. Multiple Choice
A building with two separate living quarters.
Duplex
Apartment
Condominium
Triplex
- 2. Multiple Choice
A complex is a group of many apartments with common facilities such as recreational areas, clubhouse and parking lots.
Apartment
Duplex
Triplex
condominium
- 3. Multiple Choice
An individually owned unit in an apartment style complex with shared ownership of common areas.
Condominium
Duplex
Triplex
Apartment
- 4. Multiple Choice
Buildings with three or four individual housing units.
Triplex
Apartment
Duplex
Condominium
- 5. Multiple Choice
He is the one who takes care of all repairs and maintenance, collects the rent and assures suitable living conditions.
Residential land lord
Property manager
Care taker
Owner
- 6. Multiple Choice
He is the one who collect rent, hires and pay people to make repairs and maintain the property.
Property manager
Resident land lord
Caretaker
Owner
- 7. Multiple Choice
Tangible metals that have known and universal value around the world.
Precious metals
Gems
Jewelry
Collectibles
- 8. Multiple Choice
Statement # 1 Investment in real estate is good because It appreciate over time.
Statement # 2 Investment in real estate has a tax benefits
True; true respectively
True, false respectively
False ; false respectively
False, True respectively
- 9. Multiple Choice
Statement # 1 Investment in real estate provides hedge against inflation.
Statement # 2 Investment in real estate is a long term investment
True; true respectively
False, false respectively
False; true respectively
True; false respectively
- 10. Multiple Choice
It is consider a speculative investment, so some banks are often unwilling to make loans on _________
Vacant land
Building
Farm land
Apartment
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