Ree3043 - Study guides, Class notes & Summaries

REE3043 CHAPTER 2 QUESTIONS WITH REVIEWED ANSWERS Which of these forms of co-ownership could best be described as "normal ownership," except that multiple owners share identically in one bundle of rights? Tenancy in common Joint tenancy Tenancy by the entirety Condominium Estate in severalty - Answer-Tenancy in common Which of these marriage related forms of co-ownership gives each spouse a one-half interest in any property that is "fruits of the marriage?" Dower Curtesy Communi...

REE3043 CHAPTER 4 QUESTIONS WITH CORRECT ANSWERS REVISED AND UPDATED State and federal control of land uses has increased greatly over the past 40 years due in part to an increased awareness of environmental hazards. Which of the following federal environmental control laws was responsible for establishing the "Superfund" to finance emergency responses and cleanups of abandoned and unregulated waste dumps? -Clean Water Act -Resource Conservation and Recovery Act -Toxic Substances Contro...

REE3043 Exam Questions With Revised Answers What two contracts are always involved in a mortgage loan? - answerA note and a mortgage The two most common types of caps in an adjustable rate mortgage are: - answerPeriodic and overall What happens to the balance of a loan with negative amortization? - answerIt increases What is a Balloon Loan? - answerA loan with an amortization term that determines interest and principle payments as if it were a fully amortized loan and a shorter term for m...

real estate REE3043 Questions with Detailed Verified Answers (100% Correct Answers) /Already Graded A+ real estate REE3043 Questions with Detailed Verified Answers (100% Correct Answers) /Already Graded A+ real estate REE3043 Questions with Detailed Verified Answers (100% Correct Answers) /Already Graded A+

REE3043 Exam 5 Questions with Complete Solutions Already Passed Given the following information regarding an income producing property, determine the NPV using levered cash flows in your analysis: required equity investment: $270,000; expected NOI for each of the next five years: $150,000; debt service for each of the next five years: $125,000; expected holding period: five years; required yield on levered cash flows: 15%; expected sale price at end of year 5: $2,000,000; expected cost of...

REE3043 REVIEW TEST QUESTIONS WITH ALL CORRECT SOLUTIONS As part of their underwriting process, lenders may rely on debt ratios to ascertain whether borrowers have the ability to make regular payments on their mortgages. Utilizing the following information, calculate the total (back-end) debt ratio we learned in class. Monthly principal and interest on mortgage loan: $1500; Monthly tax and insurance payments into escrow: $200; Estimated monthly utility bills: $350; Monthly car loan payment (2 y...

REE3043 Chapter 2 Exam Questions With Revised Answers Which of the following is not a form of property right? Lien Easement Leasehold License Mineral rights - answerLicense Which of these easements is most likely to be an easement in gross? Common wall easement Driveway easement Drainage easement Power line easement Sunlight easement - answerPower line easement Rules used by courts to determine whether something is a fixture include all except? Intention of the parties Manner of ...

wersalesperson license salesperson splits commission with broker - answertrue When you have a salesperson license you have to work under a broker - answertrue Commission must be paid to the __________ who then pays salesperson - answertrue _________________________ sales persons and brokers act as transactional agents, they represent the transaction buyer and seller - answertransaction broker How to get a salesperson license - answer36 hour course pass school goldcoast exam pass state ex...

REE3043 EXAM QUESTIONS WITH COMPLETE SOLUTIONS Gross salary: 50,000 Mortgage debt : .36 Total : 18,000 Divide by 12 to get monthly Gives you 1,500 a month. The bank does not want you total debt ( including the cost of housing ) to be more than 1,500 a month. - Answer-Total debt ratio - school's - property tax rate - driving time to work - crime in the area - recreational amenities - Answer-Things to consider about choosing an area in which to buy a home. - don't make late payments...

REE3043 1 EXAM PREP ALREADY PASSED