Real estate economics - Study guides, Class notes & Summaries

©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 11:29AM. A+ 1 Georgia Real Estate U Final Exam Study Questions And Answers| Already Graded A+| Latest Update. What is a lien theory state? - AnswerThe homeowner holds the deed for the property throughout the entire loan. There is a mixed-use property for sale in Cassie's community, and a buyer walks into her office looking for a residential space. Should Cassie consider showing him the property zoned mixed- use? - AnswerYes, because mixed-use i...

Real Estate 87 Economics Final Exam 2023/2024 Questions and Answers Latest A+ Grade. Real Estate 87 Economics Question 1 . Compared to a 30-year loan, a 15-year loan usually has: B. a lower interest rate and a larger monthly payment Question 2 What federal law requires lenders to disclose information that would help detect instances of redlining? C. Home Mortgage Disclosure Act Question 3 Which of these types of income is least likely to be counted as part of a loan applicant...

Nevada Real Estate State Exam Questions and Answers 100% Pass Nevada BROKER salesperson/BROKER education - Answer- - 90 hours of instruction which includes: 45 hours of law, 45 hours of principles Broker testing - Answer- - Pass a NV Testing Center 50 question Nevada State Brokers test with a 75% or better: One hour to complete - Pass a NV Testing Center 80 question Nevada National Brokers test with a 75% or better: Two hours to complete - Cost of Examination: $100 for both tests when ta...

Basic Appraisal Principles Questions and Answers (2024 / 2025) | 100%Solved When are appraisers needed? to set asking/offering prices, settle estates, refinance, divorce, taxes, rental rates, valuation, condemnation & foreclosure Appraiser One who is expected to perform valuation services competently & in a manner that is independent, impartial & objective. Attributes of an Appraiser competent, independent, impartial, objective, prompt, organized, educated, honest & diligent Appraiser mu...

NV Real Estate Exam Review Latest Version Graded A+ Agency Relationship between the principal (client) and agent. Business Tangible assets of an existing enterprise. Define Business broker: What are the requirements for a permit RE broker, broker-salesman, or salesman who sells businesses. -minimum 24 hours of instruction -$40 permit -$75 examination fee (must pass 75%) Owner-Developer Owns 5+ Lots within a subdivision Real Estate Division 1. The RE Division of the Depar...

Nevada Real Estate State Exam Questions and Answers 100% Pass Nevada BROKER salesperson/BROKER education - Answer- - 90 hours of instruction which includes: 45 hours of law, 45 hours of principles Broker testing - Answer- - Pass a NV Testing Center 50 question Nevada State Brokers test with a 75% or better: One hour to complete - Pass a NV Testing Center 80 question Nevada National Brokers test with a 75% or better: Two hours to complete - Cost of Examination: $100 for both tests when ta...

Real Estate Exam Review (MN and National) Rated A Attorney's Opinion of Title a written opinion by an attorney who will investigate to make sure that the seller of the property is indeed the owner, and whether there are any "clouds" on the title such as encumbrances, claims, or questionable interests. To render this opinion, the attorney will review a search of public records and examine the abstract of title, which is a written history showing transfers of ownership. exists in ...

Brokerage - Answer-The aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction Property Managers are generally responsible for the following - Answer-Day to Day operations, Maintenance and Tenant Relations RMLO - Answer-Mortgage Brokers are known as NAR - Answer-The largest trade organization representing real estate professionals is Value - Answer-A fair return or equivalent in goods, services, or money for something exchanged ...

Loan processing - ANS The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting - ANS The process of evaluating a borrowers loan application to determine the risk involved for the lender Funding - ANS The process of transferring funds to a title or escrow company for disbursement Servicing - ANS Sending monthly payment statements and collecting monthly payments maintaining payment ...

Basic Appraisal Principles Exam Questions with 100% Correct Answers When are appraisers needed? -Answer-to set asking/offering prices, settle estates, refinance, divorce, taxes, rental rates, valuation, condemnation & foreclosure Appraiser -Answer-One who is expected to perform valuation services competently & in a manner that is independent, impartial & objective. Attributes of an Appraiser -Answer-competent, independent, impartial, objective, prompt, organized, educated, honest & dilige...