2. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Real Estate QUIZMASTER 100 200 300 400 500 DefinitionsAnalyticalPotpourriMiscellaneousAcronyms

3. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Real Estate QUIZMASTER 100 200 300 400 500 DefinitionsAnalyticalPotpourriMiscellaneousAcronyms

4. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 100 A general expression of interest from the lender containing an outline of the terms on which the institution would be willing to make the loan

5. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 200 A binding contract between the borrower and lender to complete a financing transaction on specific terms and conditions

6. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 300 The difference between the value of a mortgage pool as individual mortgages and as a pool of CMBSs

7. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 400 The ____ tranche is the residual tranche which receives the lowest priority of the property repayment proceeds

8. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 500 These provisions allow the lender to collect the difference between the property’s value and the loan amount in the event that the borrower defaults on the loan

9. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 100 DCR = N O I ?????

10. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 200 Loan terms for commercial loans are ____ than those for residential loans

11. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner _____ allow the borrower to have no involvement in the securitization process Analytical for 300

12. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 400 Residential loan sizes are _____ as compares to commercial loan sizes

13. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 500 Commercial financing transactions are _____ standardized than residential ones

14. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner APRAPR Acronyms for 100

15. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Acronyms for 200 DSCRDSCR

16. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner RESPARESPA Acronyms for 300

17. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Acronyms for 400 N O I

18. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner CMBSCMBS Acronyms for 500

19. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Potpourri for 100 The government agency with the acronym FHLMC is better known as ______

20. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner DAILY DOUBLE

21. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Daily Double Potpourri for 200 A 1.25 DCR implies a ____% cushion

22. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Potpourri for 300 The ____ Act requires the calculation of the APR

23. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Potpourri for 400 The government agency with the acronym FNMA is better known as ______

24. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Potpourri for 500 The maximum increase in vacancy which will still allow a property which has operating expenses of $367,083 which are not passed through to the tenants, and debt service of $2,777,738 per year, to break even if the current occupancy rate is 97.06% and the Gross Potential Rent is estimated at $3,492,067

25. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 100 Of Conduits, Government Agencies and Multiple Listing Services, the source which does NOT contribute to Mortgage loans in a CMBS issue

26. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 200 CMBS mortgage loans are serviced by a _____

27. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 300 Of Tenant Credit, Puffery and Lease Structure, the issue with which an underwriter should NOT be concerned with during the analysis of a completed building

28. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 400 The Appraisal, Title, Environmental Audit and other documents are contained in the ______

29. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 500 Of Initiative Pricing, Cross Collateralization and LTV, the one that does NOT directly influence the probability of default