Ree3043 exam Study guides, Class notes & Summaries

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 EXAM 5 QUESTIONS WITH CERTIFIED ANSWERS A client has requested advice on a potential investment opportunity involving an income-producing property. She would like you to determine the internal rate of return of the investment opportunity based on the following information: expected holding period: years; end of first year NOI estimate: $113,900; NOI estimates in subsequent years will grow by 5% per year; price at which the property is expected to be sold at the end of year 5: $1,615,20...

Private mortgage insurance (PMI) is, generally, required only on _____ loans with a loan-to-value ratios greater than ______ percent. Home; 80% Under the terms of a _________ mortgage, personal property items such as a range, refridgerator, and household furnishings are included in a home loan. Package 00:02 01:15 Fannie Mae and Freddie Mac were taken into..... conservatorship by the U.S. in 2008 The FHA Home Equity Conversion mortgage (HECM) program insures aga...

REE3043 Exam Questions With Correct Answers ___________ bring buyers and sellers together and earn a percentage of the contract price - answerbrokers Brokers and salesperson also do leasing such as office, retail, industrial and for apartments - answertrue _____________________ the first license one would obtain. can work a whole career without getting a broker's license - answersalesperson license salesperson splits commission with broker - answertrue When you have a salesperson licen...

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 ...

REE3043 Exam 1 Questions With Revised Answers The value of something results from its - answerUtility and scarcity (classical economics) Urban economics - answerBranch of economics that extends the basic ideas of early neoclassical and classical economists to better understand and predict how humans use space. Focuses on urban problems like housing issues Institutions - answerFormal arrangements and associations that members of society make to support fundamental economics and social acti...

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...

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...

©THEBRIGHTSTARS 2024 A. IRR is 4.92%; decision is to invest. b. IRR is 4.92%; decision is to not invest. C. IRR is 5.72%; decision is to invest. D. IRR is 5.72%; decision is to not invest. - answerC To overcome the potential shortcomings of single-year decision-making metrics, many investors in real estate also perform multiyear discounted cash flow (DCF) valuation. DCF valuation differs from the single-year ratio analysis in all of the following ways except A. only with DCF must the in...