15. Real Estate Construction, Ownership, and Investment
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Questions and Answers

What term is used to describe the difference between the value of a property and the liens against it?

  • Liquidity
  • Equity (correct)
  • Pest
  • Pitch
  • In real estate, what do building codes aim to promote?

  • Architectural Innovation
  • Uniformity in Construction (correct)
  • Flexibility in Design
  • Cost-Effective Construction
  • What is the space called in a chimney through which smoke, gas, or fumes rise?

  • Pitch
  • Pest
  • Flue (correct)
  • Leverage
  • What term refers to the mix of investments (plus cash reserves) owned by an individual or company?

    <p>Portfolio</p> Signup and view all the answers

    What is the term for an asset's ability to be converted into cash quickly?

    <p>Liquidity</p> Signup and view all the answers

    What is the term used to describe an animal, insect, or plant detrimental to humans or human concern?

    <p>Pest</p> Signup and view all the answers

    What does 'ROI' stand for in real estate investment?

    <p>Return on Investment</p> Signup and view all the answers

    Which term refers to the drawings of the vertical and horizontal cross-sections of a building?

    <p>Plans</p> Signup and view all the answers

    What does the abbreviation 'Btu' stand for in real estate?

    <p>British Thermal Unit</p> Signup and view all the answers

    What is the inclination or slope of a roof called?

    <p>Pitch</p> Signup and view all the answers

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