UGA REAL 4000 EXAM 4 Dietz | Latest Update | 2024/2025 | 100% Verified
4 views 0 purchase
Course
UGA REAL 4000
Institution
UGA REAL 4000
UGA REAL 4000 EXAM 4 Dietz | Latest
Update | 2024/2025 | 100% Verified
What is a contingency clause in a real estate contract?
A contingency clause specifies conditions that must be met for the contract to be binding,
such as securing financing or completing a home inspection.
What does e...
UGA REAL 4000 EXAM 4 Dietz | Latest
Update | 2024/2025 | 100% Verified
What is a contingency clause in a real estate contract?
✔✔ A contingency clause specifies conditions that must be met for the contract to be binding,
such as securing financing or completing a home inspection.
What does earnest money signify in a real estate transaction?
✔✔ Earnest money is a deposit made by the buyer to demonstrate seriousness about purchasing
the property.
What is real estate syndication?
✔✔ Real estate syndication involves pooling funds from multiple investors to invest in larger
real estate projects or properties.
How does cash flow affect a real estate investment?
✔✔ Cash flow refers to the income generated from a property after deducting all operating
expenses, impacting the investment’s profitability.
1
,What is due diligence in a real estate transaction?
✔✔ Due diligence involves thorough investigation and research by the buyer to assess the
property's condition and legal status before finalizing the purchase.
What is the purpose of a broker's opinion of value?
✔✔ A broker’s opinion of value provides an estimate of a property’s worth based on the broker’s
knowledge and market conditions, but is not as formal as an appraisal.
What is tenant improvement allowance?
✔✔ A tenant improvement allowance is a sum of money provided by the landlord to the tenant
to customize or improve the leased space.
What is a listing agreement?
✔✔ A listing agreement is a contract between a property owner and a real estate agent granting
the agent the right to market and sell the property.
What does principal balance refer to in a mortgage?
✔✔ Principal balance refers to the remaining amount of the original loan amount that has not yet
been repaid.
2
, What is a deed in lieu of foreclosure?
✔✔ A deed in lieu of foreclosure is a legal agreement where the borrower voluntarily transfers
ownership of the property to the lender to avoid foreclosure.
What does 1031 exchange involve?
✔✔ A 1031 exchange allows investors to defer paying capital gains taxes by reinvesting the
proceeds from the sale of a property into a similar property.
What is adjusted basis in real estate?
✔✔ Adjusted basis is the original cost of a property plus improvements and minus any
depreciation or other deductions.
What is the significance of a certificate of occupancy?
✔✔ A certificate of occupancy is a document issued by a local government confirming that a
property complies with building codes and is suitable for occupancy.
What is capitalization rate used for in real estate?
3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SterlingScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.98. You're not tied to anything after your purchase.
