46. Which of the following is NOT a common type of commercial real estate property?
a) Office buildings
b) Retail spaces
c) Industrial warehouses
d) Single-family homes
47. What is the term used to describe the process of determining the fair market value of a property for taxation purposes?
a) Appraisal
b) Assessment
c) Valuation
d) Evaluation
48. Which of the following is NOT a common risk associated with real estate investments?
a) Market risk
b) Interest rate risk
c) Liquidity risk
d) Inflation risk
49. What is the term used to describe the gradual loss of value of a property over time?
a) Appreciation
b) Depreciation
c) Amortization
d) Equity
50. Which of the following is NOT a characteristic of a good real estate investment?
a) Location
b) Positive cash flow
c) High vacancy rates
d) Potential for appreciation
