1. Which of the following is true about property rights?

1. You dont need property rights for real estate to have some value.
2. The right of use cannot be transferred.
3. They are the same in different states.
4. They give value to real estate.

2. What is the order of the Capital Stack in the order of first claims priority?

a. Senior Debt, Mezzanine, Junior Debt, Common Equity, Preferred Equity

b. Preferred Equity, Common Equity, Junior Debt, Mezzanine, Senior Debt

c. Senior Debt, Junior Debt, Mezzanine, Preferred Equity, Common Equity

d. Mezzanine, Common Equity, Senior Debt, Preferred Debt, Junior Equity

3. What type of lien can become senior to all other claims to a property?

1. Mechanics lien
2. Tax lien
3. Specific lien
4. General lien

4. Real Estate is the single largest component of wealth in society

True/False