Chapter 12 Quiz: Real Estate 88 Sec ON1 (20812) Fall 2023
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School
Chabot College *
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Course
88
Subject
Mathematics
Date
Jan 9, 2024
Type
Pages
12
Uploaded by ChancellorMusic11709
Chapter 12 Quiz
Due
Nov 12 at 11:59pm
Points
20
Questions
20
Time Limit
None
Allowed Attempts
2
Instructions
Attempt History
Attempt
Time
Score
LATEST
Attempt 1
6 minutes
20 out of 20
Answers will be shown after your last attempt
Score for this attempt:
20
out of 20
Quizzes are an integral part of the learning process and are given for each chapter.
This is an open book quiz, you have two attempts and the higher score is kept.
There is no time limit
for each attempt.
To be clear, if you take the quiz and you are unsure of what is expected or how the process works,
you are allowed to take the quiz a second time.
There is no time limit in order to accommodate
students with varying needs.
You are ready to take the quiz if you have read the chapter summary and the chapter.
Take the Quiz Again
Submitted Nov 12 at 8:26pm
This attempt took 6 minutes.
1 / 1 pts
Question 1
A continuous operation clause in a shopping center lease would:
require an outparcel tenant to remain open 24/7
prevent an anchor tenant from "going dark," or limit its right to do so
require the management to provide tenants with access to the mall and
basic services (such as electricity and heat) after closing hours
reduce CAM charges for some tenants
1 / 1 pts
Question 2
A shopping center lease may require the tenant to:
spend a minimum amount on advertising its business
advertise a minimum number of times per year in certain publications or
circulars
contribute to the center's marketing fund
All of the above
1 / 1 pts
Question 3
A shopping center manager uses the information in the monthly sales
reports submitted by tenants to calculate each tenant's percentage rent.
The manager also uses that information:
to calculate her own management fee
to set this month's breakpoint for the shopping center as a whole
in preparing a sales analysis report for the property owner
All of the above
1 / 1 pts
Question 4
A shopping center manager is referring to a document that gives her
just the essential information from a current tenant's lease: GLA,
minimum rent and breakpoint, CAM charges, termination date, and so
on. This document is called the:
thumbnail
key sheet
lease summary
tap sheet
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1 / 1 pts
Question 5
All of the following statements about pass-through charges are true,
except:
Pass-through charges are a type of CAM charge
They cover operating expenses such as property taxes, insurance, and
utilities
A shopping center tenant's share is based on the amount of space the
tenant occupies
They may include both interior CAM charges and exterior CAM charges
1 / 1 pts
Question 6
An outparcel is:
a type of strip mall
an additional parking area separate from a shopping center's main
parking lot
a retail space separate from the main shopping area but still within the
boundaries of the shopping center's parking lot
a retail property on the outskirts of a population center
1 / 1 pts
Question 7
For a percentage lease, the term "gross sales":
means total reported gross sales, with no deductions
means gross sales minus sales tax and customer refunds
will include sales tax, but not customer refunds
should be clearly defined in the lease itself
1 / 1 pts
Question 8
In addition to a penalty for late rent payments, a percentage lease is
likely to impose a penalty for:
late closing (after the hour set in the lease for all stores)
late submission of the monthly sales report to the manager
late delivery of supplies promised to other tenants in the shopping
center
late business tax refunds to tenants
1 / 1 pts
Question 9
In addition to the property manager (the shopping center manager), the
leasing team for a new shopping center often includes:
a leasing agent
the marketing director
the property owner
All of the above
1 / 1 pts
Question 10
In developing a management plan for a shopping center, a property
manager uses demographic data to:
evaluate access to the shopping center from the streets leading to it,
along with the public transportation options
screen out tenants who won't be able to meet the gross sales threshold
create a consumer profile that will help the manager understand local
buying power and purchasing preferences
estimate the shopping center's remaining useful life
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1 / 1 pts
Question 11
In selecting tenants for a shopping center, which of the following figures
is used to evaluate a prospect's likelihood of default on the lease?
Current traffic count
Projected rent-to-sales ratio
Projected debt-to-profit ratio
Current overhead-to-profit ratio
1 / 1 pts
Question 12
Not only do the stores in a shopping center need to advertise their
products and services, the shopping center needs to advertise itself.
Nowadays, the funds for a shopping center's marketing plan are most
likely to come from:
a marketing fund made up of contributions from the tenants and the
owner
the center's merchants association, funded by tenant dues and owner
contributions
the manager's regular deposits into the property's reserve account from
rental income
the property owner's cash flow
1 / 1 pts
Question 13
One difference between outlet and discount malls and other types of
large shopping centers is that outlet and discount malls:
are usually configured in an L shape rather than a U shape
typically do not have an anchor store
are local rather than regional
tend to have a lower parking-to-shopper ratio
1 / 1 pts
Question 14
Shopping centers have traditionally been divided into five main
categories. These categories are distinguished from one another by a
number of factors, but the most important factors are the size of the
center and:
the configuration of the stores, in one of three standard layouts
the size of its market area and customer base
the number of parking spaces
the types of products and services offered
1 / 1 pts
Question 15
The GLA of a shopping center:
includes all of the tenant spaces, but not the common areas
covers all of tenants except the anchor(s)
tends to be the main factor in determining tenant mix
is the center's rating (one to four stars) from the International Council of
Shopping Centers
1 / 1 pts
Question 16
There are two main components in the market analysis for a shopping
center's management plan. These are:
defining who the center's target customers are and studying competing
properties
studying competing properties and evaluating current tenants' product
inventory
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evaluating current tenants' product inventory and projecting common
area expenses
projecting common area expenses and defining who the center's target
tenants are
1 / 1 pts
Question 17
To help preserve the balance of competition between tenants in the
shopping center, a manager can enforce this lease provision against a
tenant:
the escalation clause
the exclusivity clause
the use clause
the "first to blink" clause
1 / 1 pts
Question 18
When a shopping center tenant "goes dark," it usually means that the
tenant:
is operating in the red (losing money)
has abandoned the leased premises and defaulted on the rent
has closed its store but is continuing to pay the minimum rent
continues to operate, but has crossed the eviction threshold (typically by
failing to pay rent for three months in a row)
1 / 1 pts
Question 19
Why is tenant mix of paramount importance in shopping center
management?
When neighboring tenants can't get along, morale throughout the center
drops
The customers brought in by one tenant can mean success or failure for
the other tenants
A center's compatibility rating is usually prominently featured in its
leasing package
The manager's compensation typically includes a synergy factor
1 / 1 pts
Question 20
With a percentage lease, the breakpoint is the:
gross sales amount above which the percentage rent kicks in
difference between the minimum rent and the base rent
point in the month when the tenant's sales are sufficient to justify the
minimum rent
threshold above which pass-through charges apply
Quiz Score:
20
out of 20
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