EST 411 Theory Questions: Financial Concepts in Real Estate and Development Financing Options

400 Level Estate Management And Valuation Department exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.

Questions:

a) Explain how virtual rent, cost in use, and present value are allied terms.

b) As a developer handling a mini residential estate, you have the option to:
– Adopt a contracting system, paying 40% of an agreed N50 million immediately, with the remainder paid in two equal installments after 6 weeks and 3 months respectively; or
– Employ a direct labour approach by paying end-week wages.

CLICK THE LINK TO DOWNLOAD THE DETAILED ANSWER