Real estate economics - Study guides, Class notes & Summaries

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...

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 ...

A responsible broker must secure which of the following to renew his license: a. 2 hours titled real estate law b. 4 hours titled real estate economics c. 8 hours titled broker management d. 4 hours titled business ethics CORRECT ANSWER c. 8 hours titled broker management If a buyer gives a licensee an earnest money deposit and wants it deposited in an interest-bearing account, the Responsible broker should place the deposit: a. in a certificate of deposits at current interest rates. b....

Basic Appraisal Principles Questions and Answers Already Passed 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 must be knowledgeab...

Champions - Principles of Real Estate 1 - Chapter 1: Introduction to Real Estate Latest Update Already Graded A Brokerage overseeing the needs of the parties to a real estate transaction and seeing it to its completion Property Management management of residential and commercial properties on behalf of investor-owner; day-to-day operations, maintenance, tenant relations Real Estate Development most often involves the acquisition of land for development into residential subdivisions...

Finance - -study of the process, institutions,markets and instruments used to transfer money and credit between individuals, business, and gov applied economics - -study of the allocation of resources for the purpose of producing goods and services for various members of society -considers time value of money and implications of the interest rates -focused on cash flows not profts -makes extensive use of the concept of risk Real estate finance - -study of institutions, markets, and inst...

Agents of Production - The factors that combine to create value of developed real property; they include land, labor, capital, and entrepreneurial coordination; which is sometimes also called entrepreneurial profit. Central Business District (CBD) - The center of an urban area is typically zoned for various uses such as retail, office, and residential. Further, in some areas, transportation starts & ends in the CBD since it is the central location for employment. Consumption - A c...

Nevada Real Estate State Exam Questions and Answers 100% Correct Nevada Real Estate State Exam Questions and Answers 100% Correct Nevada Real Estate State Exam Questions and Answers 100% Correct 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 Cent...

Real Estate Finance champion school test Questions and Correct Solutions 2024 Loan processing - Answer -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 - Answer -The process of evaluating a borrowers loan application to determine the risk involved for the lender Funding - Answer -The process of transferring funds to a title or escrow company for disbursement Servicing - Answer -Sending mon...

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 ...