1. Identify the loan that would have the highest debt service costs in the first year of the loan assuming all is equal except for the structure of the interest payment.

a. Accrual loan

b. Conventional loan

c. Interest only loan

d. Participation loan

2. When the sum of total rents is more than the base rent under a percentage lease, that monetary figure in retail is referred to as:

Overage rent

Excess rent

Percentage rent

Marginal rent

3. Identify the term that describes the difference between existing the stock of space and the equilibrium occupancy?

Group of answer choices

Supply

Demand

Equilibrium

Vacancy