Here are some MCQs on The Real Estate & Construction sector
1. Which of the following is NOT a type of real estate property?
a) Residential
b) Commercial
c) Industrial
d) Agricultural
2. What is the process of combining multiple parcels of land into one larger parcel called?
a) Subdivision
b) Zoning
c) Consolidation
d) Development
3. Which government agency is responsible for regulating and overseeing real estate activities in a country?
a) SEC (Securities and Exchange Commission)
b) IRS (Internal Revenue Service)
c) FEMA (Federal Emergency Management Agency)
d) REIA (Real Estate Regulatory Authority)
4. What is the term used to describe the increase in value of a property over time?
a) Appreciation
b) Depreciation
c) Amortization
d) Equity
5. What is the process of estimating the value of a property called?
a) Appraisal
b) Assessment
c) Valuation
d) Evaluation
