1. What are the two methods analysts use to conduct real estate market research, and what are the main differences between the two approaches?
2. Describe the back-of-the-envelope pro forma, and when and why do developers or investors use it.
3. In light of the eight stages of the real estate development process, discuss the many roles a developer must play during the development process.
4. Why are appraisers involved before, during, and at project completion?