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CRE Quiz

Total questions: 9

Worksheet time: 5mins

Name
Class
Date
1.

Which of the following is NOT a benefit of commercial real estate

a)

Depreciation

b)

Cost Segregation Study

c)

Hedge Against Inflation

d)

1039 Exchange

e)

All of the following are benefits

2.

In regards to a CAP rate what does the Seller prefer?

a)

A lower cap rate so the property is valued higher.

b)

A lower cap rate so the property is valued lower.

c)

A higher cap rate so the property is valued higher.

d)

A higher cap rate so the property is valued lower.

3.

How many days for a 1031 Exchange?

a)

45 days to identify the properties and an additional 180 days to close on the properties.

b)

45 to identify the properties and 180 days to close on the properties.

c)

45 days to identify the properties and an additional 135 days to close on the properties.

d)

45 days to identify the properties and a total of 135 days to close on the properties.

4.

What does the acronym "LOI" stand for?

a)

Letter of Intent

b)

Lease on Income

c)

Leverage on Interest

d)

Lowering of Interest

e)

Listings on Internet

5.

What does "Phase 1" generally consist of?

a)

Financing

b)

Agency

c)

An Environmental Site Assessment

d)

Viewing Properties & Negotiation

6.

Which Asset Class is interested in the RevPAR?

a)

Office

b)

Retail

c)

Hospitality

d)

Industrial

7.

On a triple net lease (NNN) what items will be the tenants responsibility?

MARK ALL THAT APPLY!!!

a)

HOA Fees

b)

Utilities

c)

Repairs

d)

Mortgage Payments

e)

CAM Fees

8.

If a property has a NOI of $500,000 and a cap rate of 5% is used what is the value of the property

a)

$10,000,000

b)

$20,000,000

c)

$2,500,000

d)

$25,000,000

e)

$5,000,000

9.

What did you think about this quiz?

a)

Awesome. I wanted a few more questions.

b)

I enjoyed the quiz and It was the right amount of questions.

c)

I'm embarrassed to admit that I guessed on every question.

d)

Quizzes are the worst.

e)

Do you write test questions for the testing center?