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1. Owners that buy income properties as investments
and depend on professionals to manage them
2. a Value estimated based on resent sales of similar
properties in the same neighborhood, not an appraisal
Absentee Owners
CMA -Comparative
Market Analysis...
3. A contractor is employed by an owner of land to build Custom Building
on that land to the owner's specifications
4. When a contractor builds on his own land with the
hope of locating a purchaser after construction has
been completed
5. A developer that acquires a large that aquires a large
tract of land and builds a model center from which
sales may be made
6. Property management has grown as a service of
real estate primarily bc of an increase of
Speculative building
tract building
Absentee Ownership
7. The category of construction that applies when a
property owner employs a contractor to build on his
or her lot is called
Custom Building
8. A Real Estate appraiser's fee for professional service C. the time and difis based on:
a. a percentage of the property's gross income
b. a percentage of the fair market value
c. the time and difficulty of the appraisal
d. a percentage of property's sales
9. A developer contracts to build a home on a buyer's
lot to the buyer's specifications. This is an example
of which type of building:
a. tract
b. custom
c. speculative
d. subdivision
ficulty of the appraisal
b. custom
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