Real estate developers:) function primarily as brokers; intermediaries between buyers and sellers.

Real estate developers:

A.) function primarily as brokers; intermediaries between buyers and sellers.

B.) work almost exclusively with their own equity funds, and use borrowed money only if they intend to hold developed properties in their own portfolios.

C.) seldom include buildings among the improvements they add to land.

D.) are often able to satisfy an as yet unmet demand and thereby reap the economic benefits of short-term monopoly.