EOC Discussion Q and A

EOC Discussion Q and A - End-of-Chapter Discussion...

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End-of-Chapter Discussion Questions and Answers Page Chapter 1 Discussion Questions and Answers 2 Chapter 2 Discussion Questions and Answers 4 Chapter 3 Discussion Questions and Answers 8 Chapter 4 Discussion Questions and Answers 11 Chapter 5 Discussion Questions and Answers 15 Chapter 6 Discussion Questions and Answers 19 Chapter 7 Discussion Questions and Answers 25 Chapter 8 Discussion Questions and Answers 31 Chapter 9 Discussion Questions and Answers 34 Chapter 10 Discussion Questions and Answers 37 Chapter 11 Discussion Questions and Answers 41 Chapter 12 Discussion Questions and Answers 46 Chapter 13 Discussion Questions and Answers 51 Chapter 14 Discussion Questions and Answers 55 Chapter 15 Discussion Questions and Answers 58 Chapter 16 Discussion Questions and Answers 63 Chapter 17 Discussion Questions and Answers 66 Chapter 18 Discussion Questions and Answers 69 Chapter 18 Extra Mortgage Problems and Answers 73 Chapter 19 Discussion Questions and Answers 75 Chapter 20 Discussion Questions and Answers 77 Chapter 21 Discussion Questions and Answers 80 Chapter 22 Discussion Questions and Answers 82 Chapter 23 Discussion Questions and Answers 85 Chapter 24 Discussion Questions and Answers 87 1
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Chapter 1 Discussion Questions and Answers 1. Is real estate a discipline? Look up the word “discipline” in the dictionary and see how well real estate fits. Can you name a discipline? Why is it hard to name a pure discipline within business? Answer: According to http:// www.dictionary.com a. “Training expected to produce a specific character or pattern of behavior, especially training that produces moral or mental improvement.” b. “A set of rules or methods, as those regulating the practice of a church or monastic order.” c. “A branch of knowledge or teaching.” This last definition seems to imply real estate is a discipline until itself as it is often taught as a separate subject, yet it is not a discipline in the same sense as physics or chemistry where there are a set of unique rules that only apply to that field. Real estate requires the application of known truths or rules borrowed from economics, finance, or law and so that is where the confusion comes into play. Real estate is an applied field but it is not a pure discipline. 2. Differentiate between career-based functional areas and property types. Name as many functional specializations in real estate as you can as well as property types. Can you name some functional specializations that cross over property types? Answer: A functional area is a specialization in terms of work while property types involve specialized markets. Functional areas include: appraisal, brokerage, leasing, property management, corporate real estate management, mortgage lending, construction lending, construction, development, teaching, real estate law, research, and consulting.
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This note was uploaded on 09/01/2011 for the course BUSINESS 101 taught by Professor Jones during the Spring '11 term at Southern Nazarene.

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EOC Discussion Q and A - End-of-Chapter Discussion...

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