<p>Real Estate Economics – 5th Edition - by Huber, Messick, and Pivar Chapter 14 Bonus Quiz Copyright January 2011, Educational Textbook Company</p><p>1. Levittown is what type of development? a. Residential b. Nonresidential c. Redevelopment d. Public works</p><p>2. America’s largest homebuilder is: a. Levitt. b. Lennar Corporation. c. Pulte Homes. d. Centex Corporation.</p><p>3. A developer who has licensed others to use his name is: a. Levitt. b. Trump. c. Horton. d. Zeckendorf.</p><p>4. Developers can discourage speculators by all of the following except: a. requiring large reservation fees. b. making reservations nonassignable. c. prohibitions against rentals. d. providing low down payment financing.</p><p>5. Excess land is land that: a. has not been zoned. b. cannot be developed. c. does not contribute to value. d. must be set aside for public use.</p><p>6. A builder decided to use tile rather than more expensive marble in the baths. This was an economic decision based on the principle of: a. contribution. b. anticipation. c. conformity. d. change.</p><p>7. Cash flow analysis is concerned with: a. controlling costs. b. profit margins. c. having money when it is needed. d. marketing.</p><p>1 8. Which of the following would be considered a public works project? a. The South Coast Mall b. A flood control channel c. A housing subdivision d. A church.</p><p>9. Small developers usually operate as: a. REIT’s. b. private individuals. c. limited liability companies. d. partners.</p><p>10. Which industry is responsible for the most jobs? a. Furniture manufacturing b. Property management c. Property development d. Landscaping</p><p>11. Which builder first brought assembly line savings to home building? a. Pulte Homes b. K B Homes c. Edward E. Horton d. Levitt and Sons</p><p>12. An example of a vertical conglomerate would be a developer: a. of single-family homes that also built apartments. b. who also owned a concrete plant and lumber yard. c. who built high-rise structures. d. who built on top of existing structures.</p><p>13. A three story office building was demolished so a 40-story building could take its place. This is an example of: a. upzoning. b. redevelopment. c. a vertical conglomerate. d. public works development.</p><p>14. Economic risks faced by developers include all except: a. changes in interest rates. b. recession. c. the availability of money. d. fire.</p><p>15. Mark-up refers to: a. the percentage added to cost to determine selling price. b. changing prices based on demand. c. disposing of excess property by auction. d. the sum of land, labor and material costs.</p><p>2 Real Estate Economics – 5th Edition - by Huber, Messick, and Pivar Chapter 14 Bonus Quiz Answers Copyright January 2011, Educational Textbook Company</p><p>1. a (p) 2. c (p) 3. b (p) 4. d (p) 5. c (p) 6. a (p) 7. c (p) 8. b (p) 9. c (p) 10. c (p) 11. d (p) 12. b (p) 13. b (p) 14. d (p) 15. a (p)</p><p>3</p>