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1. W hich of the following properties is NOT a type of commercial property? A. Single-tenant office building B. Regional shopping center C. Industrial Warehouse

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1. W hich of the following properties is NOT a type of commercial property? A. Single-tenant office building B. Regional shopping center C. Industrial Warehouse D. Single-family house 2: A property produces a first year NOI of $100,000 which is expected to grow by 2% per year. If the property is expected to be sold in year 10, what is the expected sale price based ona terminal capitalization rate of 9.5% applied to the eleventh year NOI? A. $1,308,815 B. $1,283,152 C. $1,263,158 D. $1,257,992 3. Expenses for a 1,000 square foot office space are $6.00 per square foot per year. The lease ifies an expense stop of $5.40. What is the total expense paid by the landlord? A. $5,400 B. $6,000 C. $600 D. S0

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