1. Owners that buy income properties as investments

and depend on professionals to manage them

2. a Value estimated based on resent sales of similar

properties in the same neighborhood, not an appraisal

Absentee Owners

CMA -Comparative

Market Analysis...

3. A contractor is employed by an owner of land to build Custom Building

on that land to the owner's specifications

4. When a contractor builds on his own land with the

hope of locating a purchaser after construction has

been completed

5. A developer that acquires a large that aquires a large

tract of land and builds a model center from which

sales may be made

6. Property management has grown as a service of

real estate primarily bc of an increase of

Speculative building

tract building

Absentee Ownership

7. The category of construction that applies when a

property owner employs a contractor to build on his

or her lot is called

Custom Building

8. A Real Estate appraiser's fee for professional service C. the time and difis based on:

a. a percentage of the property's gross income

b. a percentage of the fair market value

c. the time and difficulty of the appraisal

d. a percentage of property's sales

9. A developer contracts to build a home on a buyer's

lot to the buyer's specifications. This is an example

of which type of building:

a. tract

b. custom

c. speculative

d. subdivision

ficulty of the appraisal

b. custom