12-40A Provision That Is Typical for Large Residential Real Estate

question 9

Multiple Choice

12-40.A provision that is typical for large residential real estate developments where land is used as collateral for a development loan is a:

• A) release clause
• B) conveyance clause
• C) distribution clause
• D) clause of dispatch

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Definitions:

Contingency Planning

The process of preparing for unexpected events by developing strategies and actions to mitigate risks and ensure organizational continuity.

Identical

Exactly the same, or very similar in every detail.

Participatory Planning

Planning that includes the persons who will be affected by plans and/or those who will implement them.

Implementation

The process of executing a plan or policy so that a concept becomes an operational reality in a strategic manner.