Real Estate

1. What are the four criteria for Highest & Best Use?

A) Legally permissible, physically possible, financially feasible and maximumly productive.

B) Legally permissible, physically possible, financially feasible and minimally impactful on the environment.

C) Bulk Density Limit, Height Restrictive, Landmark accessible, and Usage Specified.

D) Tall, Qualitative Construction, Useful to the Community, and Impactful

2. Regarding Property Setups, they may show basic property data, including all of the following, EXCEPT:

(A) Gross Rent and/or Gross Revenue

(B) Asbestos found in its Roof Tiles

(C) Lot Square Feet

D) Real Estate Taxes

3) A Lease in which the retail tenant pays the base rent and all of the operating expenses of the property is referred to as a:

A. gross lease.

B. percentage lease.

C. triple-net lease.

D. graduated lease.

4. Stabilized NOI on an apartment building is $10 million. The cap rate is 8%. What is the value of the building?

A. $250 million B. $125 million C. $8 million D. $0.8 million