CE SHOP UNIT QUIZ QUESTIONS WITH
CORRECT ANSWERS
Real estate syndicate - Answer-What type of real estate investment may meet the
definition of being a security and must adhere to the rules and regulations of the
Securities and Exchange Commission?
Real estate debt
Mortgage REITs don't buy properties, but instead invest in real estate debt, primarily
commercial and residential mortgage-backed securities. - Answer-What does a
mortgage Real Estate Investment Trust invest in?
Office buildings - Answer-Which type of real estate property can be divided into classes
A, B, and C?
A syndicate - Answer-What does the following define: "An organization with many
members who jointly participate in a real estate investment"?
When it's intended to make a profit solely derived from the management effort of others
- Answer-When is an investment a security?
Real estate educator - Answer-In the real estate business, which professional's primary
role is to provide training to individuals who want to obtain their real estate license or
who need to keep their license current?
Real estate mortgage investment conduit - Answer-What type of real estate investment
is similar to collateralized mortgage obligations (CMOs)?
Real Estate Salesperson - Answer-In the real estate business, which professional's
primary role is to provide brokerage services to clients while under a broker's
supervision?
Industrial - Answer-Because these types of properties have both specific physical and
complex operational requirements, they are usually handled by more experienced real
estate professionals.
Traditional Lenders - Answer-In the real estate business, which professional's primary
role is to finance mortgage loans, while also funding development/construction projects
if the risk is not too great?
Investor - Answer-In the real estate business, which professional's primary role is to
fund high risk land development/construction projects?
,Leisure - Answer-Hotels, motels, golf courses, resorts, and sporting arenas belong to
which of these property categories?
An analyst determines investment potential; an appraiser determines value. - Answer-
What's the difference between a real estate analyst and a real estate appraiser?
Residential - Answer-Single-family, multi-family (duplex, triplex, etc.), apartment
buildings, condominiums, and cooperatives are part of what property category?
Real Estate Counselor - Answer-In the real estate business, which professional's
primary role is to provide clients with the information they need to make informed
decisions about their own specific real estate interests?
Healthcare - Answer-Of the six categories of real estate, what types of properties are
hospitals, urgent care centers, and doctor's offices?
Real estate appraiser - Answer-In the real estate business, which professional's primary
role is to estimate property value based on established valuation guidelines?
Mortgage and Equity - Answer-What are the two types of Real Estate Investment
Trusts?
Real Estate Attorney - Answer-In the real estate business, which professional's primary
role is to protect brokerages from litigation and to answer questions for licensees about
legal matters regarding real estate transactions?
Retail - Answer-Shopping centers and malls belong to which of these property
categories?
Syndicates - Answer-Which of the following must adhere to the rules of the Securities
and Exchange Commission?
Real estate investment trust
To avoid the trust income tax, the REIT must distribute 95% of the ordinarily taxable
income to the trust beneficiaries, then the beneficiaries report the income for tax
purposes. - Answer-What type of real estate investment must distribute 95% of its
income to beneficiaries?
Real Estate Educator - Answer-In the real estate business, which professional's primary
role is to provide training to individuals who want to obtain their real estate license or
who need to keep their license current?
Real estate developer - Answer-In the real estate business, which professional's
primary role is to make improvements to land?
,Real Estate Appraiser - Answer-In the real estate business, which professional's
primary role is to estimate property value based on established valuation guidelines?
Real estate mortgage investment conduit - Answer-What type of real estate investment
is similar to collateralized mortgage obligations (CMOs)?
Traditional Lenders - Answer-In the real estate business, which professional's primary
role is to finance mortgage loans, while also funding development/construction projects
if the risk is not too great?
Real estate syndicate
Real estate syndicates are organizations with many investors who participate in real
estate investment. They sometimes meet the definition of "dealing in securities" and
therefore must adhere to the Securities and Exchange Commission's rules. - Answer-
What type of real estate investment may meet the definition of being a security and
must adhere to the rules and regulations of the Securities and Exchange Commission?
Which of the following best describes a real estate syndicate? - Answer-An organization
with many investors who jointly participate in a real estate investment
Real estate salesperson - Answer-In the real estate business, which professional's
primary role is to provide brokerage services to clients while under a broker's
supervision?
Farm Brokerage - Answer-Dean is an experienced licensee whose career has focused
on mineral, oil, and water rights, and the science behind soil cultivation. Based on this,
what's Dean's likely real estate niche?
Retail shopping centers
Equity REITs invest in income-producing property such as a retail shopping center.
Undeveloped land isn't likely to produce income, and equity REITs don't invest in
mortgage debt. That's the role of mortgage REITs. - Answer-Bridget has an investment
portfolio which includes an equity REIT. Which of these is most likely to be part of the
REIT's investment?
Real Estate Broker - Answer-In the real estate business, which professional's primary
role is to provide brokerage services to their clients and to supervise licensees who
work for them?
A real estate licensee
Janis must hold a real estate license to engage in brokerage activities, even for the
government. - Answer-Janis negotiates the purchase and sale of military bases across
the nation. She must be ______.
, When it's intended to make a profit solely derived from the management effort of others
- Answer-When is an investment a security?
Leisure - Answer-Hotels, motels, golf courses, resorts, and sporting arenas belong to
which of these property categories?
Industrial - Answer-Because these types of properties have both specific physical and
complex operational requirements, they are usually handled by more experienced real
estate professionals.
Office Buildings - Answer-Which type of real estate property can be divided into classes
A, B, and C?
Real Estate Debt - Answer-What does a mortgage Real Estate Investment Trust invest
in?
A syndicate - Answer-What does the following define: "An organization with many
members who jointly participate in a real estate investment"?
An analyst determines investment potential; an appraiser determines value.
Both analysts and appraisers are interested in value, and both provide detailed analysis;
however, an analyst is interested in investment potential, while an appraiser is solely
interested in valu - Answer-What's the difference between a real estate analyst and a
real estate appraiser?
Investor - Answer-In the real estate business, which professional's primary role is to
fund high risk land development/construction projects?
Residential - Answer-Single-family, multi-family (duplex, triplex, etc.), apartment
buildings, condominiums, and cooperatives are part of what property category?
Syndicates - Answer-Which of the following must adhere to the rules of the Securities
and Exchange Commission?
Healthcare - Answer-Of the six categories of real estate, what types of properties are
hospitals, urgent care centers, and doctor's offices?
Mineral rights, Water rights, Development rights, Surface rights, Subsurface rights, Oil
and gas rights
All of the choices are associated with farmland ownership, unless these rights were sold
separately. - Answer-What rights are usually included with farmland ownership?
CORRECT ANSWERS
Real estate syndicate - Answer-What type of real estate investment may meet the
definition of being a security and must adhere to the rules and regulations of the
Securities and Exchange Commission?
Real estate debt
Mortgage REITs don't buy properties, but instead invest in real estate debt, primarily
commercial and residential mortgage-backed securities. - Answer-What does a
mortgage Real Estate Investment Trust invest in?
Office buildings - Answer-Which type of real estate property can be divided into classes
A, B, and C?
A syndicate - Answer-What does the following define: "An organization with many
members who jointly participate in a real estate investment"?
When it's intended to make a profit solely derived from the management effort of others
- Answer-When is an investment a security?
Real estate educator - Answer-In the real estate business, which professional's primary
role is to provide training to individuals who want to obtain their real estate license or
who need to keep their license current?
Real estate mortgage investment conduit - Answer-What type of real estate investment
is similar to collateralized mortgage obligations (CMOs)?
Real Estate Salesperson - Answer-In the real estate business, which professional's
primary role is to provide brokerage services to clients while under a broker's
supervision?
Industrial - Answer-Because these types of properties have both specific physical and
complex operational requirements, they are usually handled by more experienced real
estate professionals.
Traditional Lenders - Answer-In the real estate business, which professional's primary
role is to finance mortgage loans, while also funding development/construction projects
if the risk is not too great?
Investor - Answer-In the real estate business, which professional's primary role is to
fund high risk land development/construction projects?
,Leisure - Answer-Hotels, motels, golf courses, resorts, and sporting arenas belong to
which of these property categories?
An analyst determines investment potential; an appraiser determines value. - Answer-
What's the difference between a real estate analyst and a real estate appraiser?
Residential - Answer-Single-family, multi-family (duplex, triplex, etc.), apartment
buildings, condominiums, and cooperatives are part of what property category?
Real Estate Counselor - Answer-In the real estate business, which professional's
primary role is to provide clients with the information they need to make informed
decisions about their own specific real estate interests?
Healthcare - Answer-Of the six categories of real estate, what types of properties are
hospitals, urgent care centers, and doctor's offices?
Real estate appraiser - Answer-In the real estate business, which professional's primary
role is to estimate property value based on established valuation guidelines?
Mortgage and Equity - Answer-What are the two types of Real Estate Investment
Trusts?
Real Estate Attorney - Answer-In the real estate business, which professional's primary
role is to protect brokerages from litigation and to answer questions for licensees about
legal matters regarding real estate transactions?
Retail - Answer-Shopping centers and malls belong to which of these property
categories?
Syndicates - Answer-Which of the following must adhere to the rules of the Securities
and Exchange Commission?
Real estate investment trust
To avoid the trust income tax, the REIT must distribute 95% of the ordinarily taxable
income to the trust beneficiaries, then the beneficiaries report the income for tax
purposes. - Answer-What type of real estate investment must distribute 95% of its
income to beneficiaries?
Real Estate Educator - Answer-In the real estate business, which professional's primary
role is to provide training to individuals who want to obtain their real estate license or
who need to keep their license current?
Real estate developer - Answer-In the real estate business, which professional's
primary role is to make improvements to land?
,Real Estate Appraiser - Answer-In the real estate business, which professional's
primary role is to estimate property value based on established valuation guidelines?
Real estate mortgage investment conduit - Answer-What type of real estate investment
is similar to collateralized mortgage obligations (CMOs)?
Traditional Lenders - Answer-In the real estate business, which professional's primary
role is to finance mortgage loans, while also funding development/construction projects
if the risk is not too great?
Real estate syndicate
Real estate syndicates are organizations with many investors who participate in real
estate investment. They sometimes meet the definition of "dealing in securities" and
therefore must adhere to the Securities and Exchange Commission's rules. - Answer-
What type of real estate investment may meet the definition of being a security and
must adhere to the rules and regulations of the Securities and Exchange Commission?
Which of the following best describes a real estate syndicate? - Answer-An organization
with many investors who jointly participate in a real estate investment
Real estate salesperson - Answer-In the real estate business, which professional's
primary role is to provide brokerage services to clients while under a broker's
supervision?
Farm Brokerage - Answer-Dean is an experienced licensee whose career has focused
on mineral, oil, and water rights, and the science behind soil cultivation. Based on this,
what's Dean's likely real estate niche?
Retail shopping centers
Equity REITs invest in income-producing property such as a retail shopping center.
Undeveloped land isn't likely to produce income, and equity REITs don't invest in
mortgage debt. That's the role of mortgage REITs. - Answer-Bridget has an investment
portfolio which includes an equity REIT. Which of these is most likely to be part of the
REIT's investment?
Real Estate Broker - Answer-In the real estate business, which professional's primary
role is to provide brokerage services to their clients and to supervise licensees who
work for them?
A real estate licensee
Janis must hold a real estate license to engage in brokerage activities, even for the
government. - Answer-Janis negotiates the purchase and sale of military bases across
the nation. She must be ______.
, When it's intended to make a profit solely derived from the management effort of others
- Answer-When is an investment a security?
Leisure - Answer-Hotels, motels, golf courses, resorts, and sporting arenas belong to
which of these property categories?
Industrial - Answer-Because these types of properties have both specific physical and
complex operational requirements, they are usually handled by more experienced real
estate professionals.
Office Buildings - Answer-Which type of real estate property can be divided into classes
A, B, and C?
Real Estate Debt - Answer-What does a mortgage Real Estate Investment Trust invest
in?
A syndicate - Answer-What does the following define: "An organization with many
members who jointly participate in a real estate investment"?
An analyst determines investment potential; an appraiser determines value.
Both analysts and appraisers are interested in value, and both provide detailed analysis;
however, an analyst is interested in investment potential, while an appraiser is solely
interested in valu - Answer-What's the difference between a real estate analyst and a
real estate appraiser?
Investor - Answer-In the real estate business, which professional's primary role is to
fund high risk land development/construction projects?
Residential - Answer-Single-family, multi-family (duplex, triplex, etc.), apartment
buildings, condominiums, and cooperatives are part of what property category?
Syndicates - Answer-Which of the following must adhere to the rules of the Securities
and Exchange Commission?
Healthcare - Answer-Of the six categories of real estate, what types of properties are
hospitals, urgent care centers, and doctor's offices?
Mineral rights, Water rights, Development rights, Surface rights, Subsurface rights, Oil
and gas rights
All of the choices are associated with farmland ownership, unless these rights were sold
separately. - Answer-What rights are usually included with farmland ownership?
