1.In regards to the land development process, select the best option that represents the most feasible order of events.

Group of answer choices

a. Inspect site, perform feasibility analysis, implement marketing program, purchase land and begin construction of improvements

b. Inspect site, perform feasibility analysis, purchase land and begin construction of improvements, implement marketing program

c. Purchase land, perform feasibility analysis, perform preliminary market study, begin construction of improvements, implement marketing program

d. Inspect site, purchase land and begin construction of improvements, perform feasibility analysis, implement marketing program

2. In regards to more seasoned mortgages, which of the following is true?

Group of answer choices

a. All of the above

b. The greater the likelihood of default

c. The greater the likelihood that the mortgage will be carried to maturity

d. The greater the likelihood of prepayment