Principle if anticipation - Study guides, Class notes & Summaries
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Aceable Principles of Real Estate 2 Review 2024
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Real Estate Settlement Procedures Act (RESPA) - to protect consumers from abusive lending practices. 
 
General data - is information about a property's location. This could include the city, region, and neighborhood in which the property is situated. 
 
The appraisal report is usually paid by - the buyer 
 
Specific data - information regarding the property itself. 
 
What types of data do Appraisers use? - BOTH Specific Data and General Data 
 
The appraiser that will complete the appraisal r...
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PSI National Exam for Real Estate - Questions and Answers (Complete Solutions)
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PSI National Exam for Real Estate - Questions and Answers (Complete Solutions) An appurtenant easement that arises when an owner has no access to the street except across his neighbor's land is called: easement by necessity The state's authority to enact and enforce police powers is passed on the municipalities through: enabling acts An easement appurtenant involves at least two tracts of land The period for redemption of property sold for taxes in Louisiana is a minimum of 3 years Real prop...
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Texas Principles of Real Estate 2 Key Terms Questions & Answers(RATED A+)
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Amortization - ANSWER repayment of a loan principal over time based on a predetermined schedule of payments 
 
Arrears - ANSWER payment for an item or service after it is received 
 
Proration - ANSWER the allocation or distribution of an annual expense across smaller chunks of time 
 
square footage - ANSWER Length x Width 
 
acreage - ANSWER 1 acre= 43,560 
 
appraial - ANSWER the value of a property, based on factors determined by the opinion of a certified appraiser 
 
general data - A...
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NBHWC Exam Questions With 100% Verified Answers
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NBHWC Exam Questions With 100% 
Verified Answers 
SMART acronym - answerspecific, measurable, action oriented/achievable, relevant, and time 
bound 
behavioral vs outcome goal, and what we are looking for - answerwe want to make behavioral 
goals 
behavioral: centered around actions you take 
outcome: focus on end result 
TTM stages of change - answer1. precontemplation 
2. contemplation 
3. preparation 
4. action 
5. maintenance 
6. termination 
what is decisional balance in coaching conversati...
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Aceable Agent Real Estate Principals 2 Exam Study Questions and Answers Graded A 2024
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General Data - Is information about a property's location. This could include the city, region, and neighborhood in which the poperty uis situated. 
 
Specific Data - Is information regarding the property itself. 
 
Principle if Anticipation - The idea that the present value of a property is affected by the ANTICIPATED income or utility that property will give its property owner. 
 
Principle of Contribution - The idea that a property's overall value is made up of the combined value of each of...
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REE 4103 Exam 1 Questions with Correct Answers 2024 Graded A
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The concepts of land are - Legal, geographic and environmental, economic, and social. 
 
For appraisal purposes, market value may be defined as - The most probable selling price 
 
Appraisal is - The act or process of developing an opinion of value. 
 
What is Chattel? - Personal property is generally considered property that is movable,[1] as opposed to real property or real estate. 
 
What is a fixture? - any physical property that is permanently attached (fixed) to real property (usually land...
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Principles of real estate II (Champions)Questions & Answers(RATED A+)
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Functional obsolescence - ANSWER Refers to the loss in desirability of the style, layout or function of an element of a property over time 
 
Sales comparison - ANSWER best indicator of value for existing properties 
 
highest and best use - ANSWER the legal use for property that gives the greatest return in money and/or amenities 
 
external obsolescence - ANSWER the loss in value of a property caused by factors outside the property itself 
 
principle of contribution - ANSWER suggests the...
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AceableAgent Real Estate Principals 2 Exam Questions and Answers Latest Updated
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Specific Data - ANSWER-Is information regarding the property itself. 
 
Principle if Anticipation - ANSWER-The idea that the present value of a property is affected by the ANTICIPATED income or utility that property will give its property owner. 
 
Principle of Contribution - ANSWER-The idea that a property's overall value is made up of the combined value of each of its parts. But the CONTRIBUTORY value of an item is not always equal to the price of that item. 
 
Principle of Substitution - ANS...
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Principles of Real Estate 2 Champions School of Real Estate test Correctly Answered 2024
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Principles of Real Estate 2 Champions School 
of Real Estate test Correctly Answered 2024 
appraisal - Answer -appraisers opinion of value 
principal of contribution - Answer -the value if the property is equal to the sum if the contributory value 
of each of its component parts. 
loan to value ratio - Answer -percentage of value or sales price that a lender is willing to finance. 
desk review - Answer -goes through items as they analyze the appraisal report for completeness and 
acceptable conc...
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AYPO Real Estate Principles of Real Estate II Exam Study Guide Already Passed
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If the base side of a triangular plot measures 45' and the height line measures 12', what is the area 
of the plot in square feet?([b x h] x ½ = A) 270 square feet 
An applicant is allowed to use what electronic devices during the real estate exam? Handheld calculator 
Convert the following fraction to a decimal for ease of computation: 31/25 1.24 
What is the general formula to determine Capital Gain? Profit from Sale - Base Value = 
Capital Gain 
A property owner borrows $490,000 at a 12% i...
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