#1
What does HVAC stand for in construction and real estate?
Heating, Ventilation, and Air Conditioning
ExplanationIt refers to the systems used for heating, cooling, and ventilating buildings.
#2
What is the purpose of a retaining wall in construction?
To prevent soil erosion and stabilize slopes
ExplanationIt holds back soil and prevents downslope movement.
#3
What does the acronym PM stand for in construction project management?
Project Management
ExplanationIt involves planning, coordinating, and overseeing construction projects.
#4
What is the purpose of a geotechnical investigation in construction?
To analyze soil and rock conditions for construction projects
ExplanationIt assesses ground stability and suitability for construction.
#5
What does the term 'site analysis' involve in construction and real estate?
Evaluating the physical characteristics and environmental conditions of a property
ExplanationIt assesses factors affecting site suitability for development.
#6
What is the purpose of a load-bearing wall in construction?
To provide structural support to the building
ExplanationIt supports the weight of the structure above it.
#7
What does ROI stand for in real estate?
Return on Investment
ExplanationIt measures the profitability of an investment relative to its cost.
#8
What does LEED stand for in sustainable construction?
Leadership in Energy and Environmental Design
ExplanationIt's a green building certification program to promote sustainability.
#9
What is a 'spec home' in real estate?
A home built with specific architectural specifications
ExplanationIt's built based on predefined criteria or blueprints.
#10
In real estate, what is the purpose of a 'pre-approval' for a mortgage?
An initial approval for a mortgage loan based on the borrower's financial situation
ExplanationIt determines the loan amount a buyer is eligible for before house hunting.
#11
What is a 'punch list' in construction terminology?
A list of final items to be completed or corrected before project completion
ExplanationIt ensures that all tasks are finished to the required standards.
#12
In real estate, what does the term 'comps' refer to?
Comparable sales
ExplanationIt refers to similar properties used to determine a property's value.
#13
What is the purpose of a sump pump in construction?
To pump water away from the foundation of a building
ExplanationIt prevents water damage by removing excess water.
#14
What is 'amortization' in real estate financing?
The gradual repayment of a mortgage loan, including principal and interest
ExplanationIt's the process of paying off a loan over time.
#15
What does the term 'build-out' mean in construction and real estate?
The completion of the interior of a commercial space according to tenant specifications
ExplanationIt involves finishing the interior space to meet specific requirements.