Specialty Areas

Question 1

A commercial property that may be used for an office to Conduct its business

Answer 1

Office space

Question 2

A spacious commercial property that may be used to conduct industrial activities, such as manufacturing and production

Answer 2

Industrial use
property

Question 3

A commercial property that is used to house multiple families into rental units, such as an apartment complex

Answer 3

Multifamily
rental

Question 4

A commercial property that is used for
businesses to sell goods to the public, such as a grocery store

Answer 4

Retail property

Question 5

An existing business package being sold or leased to a buyer,

Answer 5

Business
opportunity

Question 6

The reputation that is specific to that
business entity,

Answer 6

Goodwill

Question 7

Real property used for
income-producing purposes is what
kind of property?

A. Residential property

B. Commercial property

C. Personal property

D. Business property

Answer 7

B. Commercial property

Question 8

For property to be considered
commercial property what is
required?

A. The property must be zoned for commercial use. The property must be valuable.,

B.The Property must be valuable

C. The property must have a desirable location.,

D. The property must not be zoned for residential use

Answer 8

A. The property must be zoned for commercial use. The property must be valuable

Question 9

A business owner seeks,a location to rent for a,modest-sized call center business. What
type of property should they rent?,

A. Industrial space

B. Retail space

C. Office space

D. Multifarmily space

Answer 9

C. Office space

Question 10

A business owner seeks a location for a car
manufacturing business. What type of property should they rent?

A. Industrial space

B. Retail space,Office space

D. Multifamily space,

C. Office space

Answer 10

A. Industrial space