Exam (elaborations)
Principles Of Real Estate 2 TEXAS: Questions With Accurate Solutions
- Course
- Institution
Principles Of Real Estate 2 TEXAS: Questions With Accurate Solutions
[Show more]
Content preview
Principles Of Real Estate 2 TEXAS: Questions WithAccurate 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
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 LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
