26. What two groups determine the subordination levels of a CMBS Securitization? Are their interests aligned or somewhat different? 27. Developers, sponsors, and syndicators take on the highest risk and receive the lowest returns - True or False? 28. Once CMBS bonds are sold, publicly or by private placement, what document governs the conduct of the various parties? 29 . Both the second mortgage and B-Note of the first mortgage are subordinate to the the first-lien mortgage - True or False? 30. What is the name of the document that governs the relationship between a mezzanine lender and a senior secured mortgage lender? 31. Aside from a few basis points of annual fee, how does a Master Servicer make money? 32. Why did bankers create Super Senior AAA tranches and, subsequently, 'Duper' classes? What's the subordination of a 'Duper', typically? 33. REITs reside in the public and private equity quadrants - True or False? 34. Is a B-note is typically included in the CMBS loan collateral pool