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Principles Of Real Estate 2 TEXAS: Questions With Accurate Solutions $8.99   Add to cart

Exam (elaborations)

Principles Of Real Estate 2 TEXAS: Questions With Accurate Solutions

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  • Course
  • TEXAS PRINCIPLES OF REAL ESTATE
  • Institution
  • TEXAS PRINCIPLES OF REAL ESTATE

Principles Of Real Estate 2 TEXAS: Questions With Accurate Solutions

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  • September 11, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • TEXAS PRINCIPLES OF REAL ESTATE
  • TEXAS PRINCIPLES OF REAL ESTATE
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LeCrae
Principles Of Real Estate 2 TEXAS: Questions With
Accurate Solutions

TALCB Right Ans - Texas appraiser licensing and certification board

DUST Right Ans - Four characteristics that make real estate valuable:
demand, utility, scarcity and transferability

principle of substitution Right Ans - a person will only pay as much for a
property as they must to acquire a comparable porperty

principle of contribution Right Ans - an improvement to a home is worth
only as much as it adds to the property's market value and doesn't always
equal cost to improve

quantity survey method Right Ans - appraiser tallying up the value of
everything that goes into the cost of building

unit-in-place method Right Ans - takes direct and indirect costs into
account but combines them into a simplified cost for a building component

secondary mortgage market Right Ans - mortgage loans created in primary
market are bundled and sold

GSE Right Ans - government sponsored enterprise: created by congress to
provide liquidity, stability and affordability to the mortgage market

MBS Right Ans - mortgage backed securities: asset backed security;
mortages are sold to gov't or investment bank who bundle so investors can
buy them.

FHLB Right Ans - federal home loan banks: regulate, set reserve, establish
discount rates and provide insurance for depositors

URLA Right Ans - uniform residentail loan application: standardized
document by the GSE's. Allows borrowers to apply for a mortgage loan and
provides consistency in data gathering

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