TMA

TMA3/ENT328 – Estate Management TMA 3 QUESTIONS AND ANSWERS

TMA Quiz Questions

TMA: TMA3/ENT328
ENT328 – Estate Management
MRS. Olajide-Arise Temi (tolajide-arise@noun.edu.ng )

1 Which ONE of the following is NOT among the major players in the property market.

A. the developer
B. the investor
C. the financiers
D. the trader  

2 The developer is the prime mover in the property market.

A. TRUE  
B. FALSE
C. Maybe
D.None of the above

3 A financiers could be an individual or financial institution that finances the project development.

A. TRUE  
B. FALSE
C. Maybe
D.None of the above

4 The estate surveyor and valuer is a trained professional and land economist who is schooled in the art and science of the property market.

A. TRUE  
B. FALSE
C. Maybe
D.None of the above

5 ………. Is the linkman who brings together the buyer and the seller in any property transaction.

A. estate manager
B. estate agent  
C. estate value
C. None of the above

6 An estate agent can also be called an estate ……….

A. estate broker  
B. estate manager
C. estate value
D. None of the above

7 ………. Handles all legal documentation and other legal matters pertaining to real estate transactions.

A. the developer
B. the investor
C. the lawyer  
D. None of the above

8 Various property market sectors exist in Nigeria, the major sectors are residentials and commercial sector.

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A. TRUE  
B. FALSE
C. Maybe
D. None of the above

9 ………. Is the fastest growing sector in Nigeria.

A. commercial sector
B. residential sector  
C. urban sector
D. rural sector

10 The demand for middle and low income housing always outstrip supply.

A. TRUE  
B. FALSE
C. Maybe
D. None of the above

11 Classification of real property market operation are carried based on the type of property transaction in real estate and the kind of real estate markets recognized.

A. TRUE  
B. FALSE
C. Maybe
D. None of the above

12 The property market is sub divided into various sectors, which of the following NOT among.

A. location
B. rent or sale
C. investment or occupation
D. buying and selling  

13 The valuation of property is commonly approached by investment method that is, each estate is regarded as being available for investment as far as its value is concerned.

A. TRUE  
B. FALSE
C. Maybe
D. None of the above

14 There many types of division or use within property market but the major categories are residential, industrial, agricultural, recreational and commercial properties.

A. TRUE  
B. FALSE
C. Maybe
D. None of the above

15 The estate surveyor and valuer is often called upon by clients of diverse background both in private and public sectors to carry out the valuation of real estate.

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A. TRUE  
B. FALSE
C. Maybe
D. None of the above

16 Which ONE of the following is NOT a typical activites of an estate surveyor and valuer.

A. purchasing land and sourcing funding
B. taking accurate measurements of sites and premises
C. selling and buying properties and sites on behalf of clients
D. trading houses  

17 Market value is the general basis or medium of valuation and the unit, standard or common denominator for measuring other value concepts.

A. TRUE  
B. FALSE
B. Maybe
C. None of the above

18 Basis of valuation is defined by the valuer.

A. TRUE  
B. FALSE
C. Maybe
D. None of the above

19 The purpose of valuation plays an important role in the choice of valuation method to be adopting in valuing a property.

A. TRUE  
B. FALSE
C. Maybe
D. None of the above

20 Which ONE of the following is NOT among the various purpose of valuation.

A. sales/purchase
B. taxation
C. residential  
D. probate purpose

 

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