CRE Basics
City Skyline
Debt & Equity
CRE Companies
Fun Facts
100
What does NOI stand for in commercial real estate?
A) Net Operating Income
B) New Occupancy Index
C) Non-Operating Investment
D) Negotiable Offer Incentive
A) Net Operating Income
100
This city is home to the River Walk and the Tower of the Americas.
A) Austin
B) San Antonio
C) Dallas
D) Houston
B) San Antonio
100
Which type of loan requires the borrower to pay only interest for a set period?
A) Fully Amortizing Loan
B) Interest-Only Loan
C) Balloon Mortgage
D) Adjustable-Rate Mortgage
B) Interest-Only Loan
100
Which firm is the largest commercial real estate services company by revenue?
A) Colliers International
B) Cushman & Wakefield
C) CBRE
D) JLL
C) CBRE
100
Which celebrity attended UTSA?
A) Matthew McConaughey
B) Travis Scott
C) Dak Prescott
D) Tyler, The Creator
B) Travis Scott
200
Which lease type passes property taxes, insurance, and maintenance (operating) costs to the tenant?
A) Gross Lease
B) Triple Net Lease
C) Percentage Lease
D) Ground Lease
B) Triple Net Lease
200
This city is home to the famous Cloud Gate sculpture, also known as "The Bean."
A) Salt Lake City
B)Philadelphia
C) Chicago
D)Detroit
C) Chicago
200
What is the formula for Debt Service Coverage Ratio (DSCR)?
A) NOI / Total Debt Service
B) Total Debt Service / NOI
C) Loan Amount / Property Value
D) Annual Gross Income / OpEx
A) NOI / Total Debt Service
200
Which company is the largest general contracting firm in the United States based on revenue?
A) Kiewit Corp.
B) Bechtel
C) Turner Construction Company
D) The Whiting-Turner Contracting Co.
C) Turner Construction Company
200
What is the only letter that doesn’t appear in any U.S. state name?
A) Q
B) Z
C) X
D) J
A) Q
300
Which financial metric reflects the return on investment after financing costs?
A) Cap Rate
B) Cash-on-Cash Return
C) Net Operating Income (NOI)
D) Internal Rate of Return (IRR)
D) Internal Rate of Return (IRR)
300
Which city’s skyline is dominated by the Space Needle?
A) Portland
B) Boston
C) Seattle
D) San Francisco
C) Seattle
300
In a capital stack, which position has the lowest risk but the lowest potential return?
A) Mezzanine Debt
B) Preferred Equity
C) Common Equity
D) Senior Debt
D) Senior Debt
300
Which firm specializes in retail property leasing and management?
A) Boston Properties
B) Simon Property Group
C) Digital Realty Trust
D) Equity Residential
B) Simon Property Group
300
What is the name of the world’s largest desert?
A) Sahara
B) Kalahari
C) Gobi
D) Antarctica
D) Antarctica
400
In commercial real estate, “concessions” typically refer to:
A) Legal disputes over zoning
B) Reduced rent or benefits offered to attract tenants
C) Fees paid to property managers for leasing services
D) Cost of maintenance and repairs borne by the landlord
B) Reduced rent or benefits offered to attract tenants
400
This skyline serves as the inspiration for a fictional city in a popular video game series.
A) Miami
B) San Francisco
C) Phoenix
D) Los Angeles
D) Los Angeles
400
Which method is commonly used to maximize tax deferral in real estate transactions?
A) Installment Sale
B) 1031 Exchange
C) REIT Distribution
D) Mezzanine Financing
B) 1031 Exchange
400
Which Company is the highest-performing data center provider in 2024*?
A)Digital Realty Trust
B)Microsoft
C)AWS
D)CryusOne
C)AWS
400
What was the first product to have a barcode?
A) Pack of gum
B) A can of soup
C) A bottle of soda
D) A pack of cigarettes
A) Pack of gum
500
What is the minimum percentage of income that REITs must distribute to shareholders to maintain their tax-exempt status?
A) 50%
B) 75%
C) 90%
D) 15%
C) 90%
500
Real Estate Society officers and members visited this city last September
A) Vancouver
B) Denver
C) Toronto
D) London
A) Vancouver
500
Which of the following represents a hybrid financial instrument often used in commercial real estate?
A) Senior Debt
B) Preferred Equity
C) Convertible Debt
D) Balloon Loan
C) Convertible Debt
500
Which company has the largest LEED portfolio for industrial properties?
A) Vornado Realty Trust
B) Prologis
C) Clarion Partners
D) Affinius Capital
A) Vornado Realty Trust
500
The Eiffel Tower can grow by how much during the summer due to the expansion of the metal?
A) 6 inches
B) 3 feet
C) 1 foot
D) 2 feet
A) 6 inches