Lesson 1.3

Question 1

Real Estate

Answer 1

Residential
Commercial
Mixed Use
Industrial
Agricultural 
Special purpose

Question 2

Home Owndership

Answer 2

An investment that can appreciate in value, especially over many years of ownership.

Question 3

Single-Family Detached House

Answer 3

Most popular housing types.

Question 4

Apartment Building

Answer 4

Response to housing demand in crowded urban areas

Question 5

Condominium

Answer 5

Offers security of owning property without the care and maintenance responsibilities a house demands

Question 6

Cooperative

Answer 6

Each owner owns shares in a corporation that holds titile to the real estate

Each Shareholder receives a proprietary lease

Question 7

Planned unit developments (PUDs) or Master-planned communities

Answer 7

Residences, merge diverse land uses as housing, recreation, and commercial units into one self-contained development

Small Development of few homes or entire planned city

Question 8

Highrise Developments or Mixed-use developments (MUDs)

Answer 8

Combine office space, stores, theaters, and apartment units into a single vertical community

Question 9

Converted-use Properties

Answer 9

Factores, warehouses, office buildings, hotels, schools, churches, and other structures that have been converted to residential use

Question 10

Factory-built housing or manufactured homes

Answer 10

Mobile homes, trailer parks