C. Real Property Administrator (RPA)
D. Member of Appraisal Institute (MAI)
In the Palm Grove Office Complex example, the project was destined to be an ill-fated
venture from its inception for all of the following reasons EXCEPT:
A. The zoning laws of University City ultimately prevented the project's developers
from starting the construction process
B. University City was not well-suited for large office space geared toward firms with
greater than 25 employees
C. Palm Grove Office Complex lacked the visual exposure, convenient access, and
parking that its competitors held significant comparative advantages in.
D. The structures were primarily designed as general-purpose office space, which
excluded potential occupants such as laboratories or medical offices.
After construction has been completed, a developer may decide to seek additional
financing. If current interest rates are relatively high, but the developer expects them to
decline in the near future, the developer would most likely seek financing in the form of
A. subordination agreement