Author Question: In real estate development, increasing the number of units built on the same parcel of land reduces ... (Read 31 times)

SO00 · **on:** Aug 3, 2018

In real estate development, increasing the number of units built on the same parcel of land reduces the cost per unit through a concept known as:

A. Law of diminishing returns
B. Macroeconomics
C. Eminent domain
D. Economies of scale

Question 2

In jurisdictions where there is an active title insurance industry, the title report represents that the title company insurer will issue insurance if certain objections are involved. This agreement is referred to as a(n):

A. Option contract
B. Title insurance contingency
C. Binder for title insurance
D. Consideration