In: Accounting
Which of the following statement about the real estate development is FALSE ?
Ans: D. The most risky stage in the real estate development process is the land acquisition stage.
Which of the following statement about the risk management in the construction of a real estate development project is TRUE?
Ans: D.For a real estate development project with a concentration of low risk components, the developer should choose a contractor using time-material contract.
If a real estate developer overrun the construction budget in the construction of a real estate project, in other words, the actual cost of construction exceeds the estimated cost of construction. Which of the following solution is not feasible?
Ans: D.The bank issuing the construction loan has the obligation to provide the gap loan.