Question 19 (2 points)

A clause that allows the lender to step in and collect lease payments directly from the tenants in the event the borrower becomes delinquent on the loan is an:

Question 19 options:

1)	assignment of leases

2)	assignment of rents

3)	assignment of payments

4)	assignment of loans

Question 20 (2 points)

The speculator is interested in:

Question 20 options:

1)	appreciation of the land

2)	depreciation of the land

3)	immediate plans for the land

4)	none of the above

Question 21 (2 points)

One advantage of sole ownership of real estate properties is:

Question 21 options:

1)	no double taxation

2)	property owners are not personally liable for debts in excess of $25,000

3)	large portfolios of properties can be easily acquired

4)	none of the above

Question 22 (2 points)

Interest payments on a construction loan are usually financed by the construction lender.

Question 22 options:

	1) True
	2) False