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Questions and Answers
Which of the following is NOT considered commercial property?
Which of the following is NOT considered commercial property?
- Retail stores
- Single-family homes (correct)
- Multifamily housing buildings
- Medical centers
What is the purpose of commercial property?
What is the purpose of commercial property?
- To generate capital gains
- To support local authorities
- To provide housing for individuals
- To generate rental income (correct)
In some states, residential property with a certain number of units qualifies as commercial property for which of the following purposes?
In some states, residential property with a certain number of units qualifies as commercial property for which of the following purposes?
- Borrowing purposes
- Tax purposes
- Both borrowing and tax purposes (correct)
- None of the above
What are examples of commercial buildings?
What are examples of commercial buildings?
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What can commercial buildings be called when they allocate space to multiple functions?
What can commercial buildings be called when they allocate space to multiple functions?
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