5.
Land acquisition and development loans are usually disbursed:
a.
upon loan approval or at the time actual development commences.
b.
on a piecemeal basis as improvements are completed.
c.
only on completion of the development project.
d.
whenever requested by the developer
6.
Subdivision
, a term applied to the land development process, may involve all of the
following except:
a.
improving land by adding roads, storm sewers and sidewalks.
b.
surveying the land and dividing it into individual building lots.
c.
constructing buildings and other improvements on the land.
d.
selling individual building lots that have been created.
7.
Which one of the following is
least likely
to be a factor in location
decisions?
a.
The need to be responsive to the requirements of ultimate users.
b.
Convenient access to linked sites.
c.
Zoning and building codes that accommodate the intended use.
d.
Interest rates and amortization terms.
8.
Which of the following do you need to have so a commercial business can open and
conduct business activities?
a.
Certificate of Occupancy
b.
Business License
c.
Land Survey
d.
a and b
9.
Mixed Use properties are a type of subdivision
a.
True
b. False
10. Lenders view construction loans as more risky than subdivision loans
a.
True
b. False
