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

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

4. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 100 The number of periods over which the payments will be calculated given the interest rate and dollar amount of the loan

5. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 200 A written document containing the contract terms between the borrower and lender

6. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 300 The proportion of deposits that are held in ready access for immediate customer withdrawal

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

8. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Daily Double Definitions for 400 The clause under which the lender has the right to declare the entire loan balance due after the borrower defaults in any way

9. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Definitions for 500 This clause requires full repayment upon the sale if the real estate that secures the mortgage

10. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 100 The Statute of Frauds requires all land interests including mortgages to be _____

11. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 200 Careful scrutiny of the loan prior to its origination is also termed _______

12. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner A lender is hurt in a rising interest rate environment but does not benefit in a declining interest rate environment because pf the borrower’s option to _____ the loan Analytical for 300

13. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner This type of penalty negates the benefit of prepaying a loan because of market based interest rate declines Analytical for 400

14. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Analytical for 500 Financial markets are categorized as either _____ markets or capital markets

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

16. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Acronyms for 200 C R A

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

18. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Acronyms for 400 R T C

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

20. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 100 Freddie Mac prefers that the mortgage payments be no more than ___% of household income if required expenses are typical

21. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 200 Real risk free rates in the US have run about ____________ for longer term investments

22. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 300 If the nominal rate is 7% and the estimated inflation is 5%, then the real rate is _____

23. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 400 Pension funds represent a huge potential source of capital for real estate since about ___________% of their current total investment is outside real estate

24. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Numerical for 500 The U.S. GDP has grown at an average annual rate of approximately ___ over the last 20 years

25. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 100 The ______ is the borrower who is giving the lender a mortgage on the property as security for the borrowed funds

26. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 200 A popular way to measure default risk is a score on ______

27. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 300 The property owner’s ______ interest is subordinate to the lender’s security interest in the property

28. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 400 A callable bond can be refunded upon exercising a _______

29. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Miscellaneous for 500 The largest originator of mortgages for one to four residential unit properties in the US are ______