ALABAMA POST-LICENSE EXAM
Which of the following best defines Risk? - Answers :The chance of experiencing a loss.
Unexpected inflations can diminish an investor's rate of return if the income does not
increase enough to make up for the effect of the inflation. This risk is known as -
Answers :Inflation Risk
The ______ is based on the idea that money available at the present time is worth more
then in the future, due to it's potential earning capacity. - Answers :Time value of the
money.
Which type of retail center is anchored by three or more full-line department stores? -
Answers :Mega Mall
What Type of office buildings are usually one or two stories that can accommodate
warehouse and industrial activities in addition to offices? - Answers :Flex Space Office
Buildings.
What type of properties have total of leasable area of up to 30,000 SQF and are usually
anchored by a convince store, such as minimarket? - Answers :Strip Center
Can investor take depreciation tax deductions with their vacation homes? - Answers
:Yes, if they live in the home 14 days or less a year
Why is investment in land riskier than other forms of investment? - Answers :Since there
are no improvements, the property cannot be depreciated for tax purposes.
Which of the following is NOT a characteristic of liquidity? - Answers :Lull in the regular-
trade market
What is is based on the capacity of the manager and their ability to innovate, respond to
competitive situations, and operate the business activity competently? - Answers
:Management Risk
Property is considered a/n _____ assets if it cannot be transferred as easily as other
assets, such as stock or bonds - Answers :illiquid
All of the following are residential properties except which one? - Answers :Motel
When dealing with fixer-upper, which principle of value will not have an effect on the
property? - Answers :Progression
Which of the following is not a type of industrial properties? - Answers :Corporate
headquarters.
Which of the following best defines Risk? - Answers :The chance of experiencing a loss.
Unexpected inflations can diminish an investor's rate of return if the income does not
increase enough to make up for the effect of the inflation. This risk is known as -
Answers :Inflation Risk
The ______ is based on the idea that money available at the present time is worth more
then in the future, due to it's potential earning capacity. - Answers :Time value of the
money.
Which type of retail center is anchored by three or more full-line department stores? -
Answers :Mega Mall
What Type of office buildings are usually one or two stories that can accommodate
warehouse and industrial activities in addition to offices? - Answers :Flex Space Office
Buildings.
What type of properties have total of leasable area of up to 30,000 SQF and are usually
anchored by a convince store, such as minimarket? - Answers :Strip Center
Can investor take depreciation tax deductions with their vacation homes? - Answers
:Yes, if they live in the home 14 days or less a year
Why is investment in land riskier than other forms of investment? - Answers :Since there
are no improvements, the property cannot be depreciated for tax purposes.
Which of the following is NOT a characteristic of liquidity? - Answers :Lull in the regular-
trade market
What is is based on the capacity of the manager and their ability to innovate, respond to
competitive situations, and operate the business activity competently? - Answers
:Management Risk
Property is considered a/n _____ assets if it cannot be transferred as easily as other
assets, such as stock or bonds - Answers :illiquid
All of the following are residential properties except which one? - Answers :Motel
When dealing with fixer-upper, which principle of value will not have an effect on the
property? - Answers :Progression
Which of the following is not a type of industrial properties? - Answers :Corporate
headquarters.
