And puds - Study guides, Class notes & Summaries

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Proce...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Process (ch.1)...

19. The New York Court of Appeals case Golden v. Planning Board of Town of Ramapo (1972) resulted in an important decision in what area? a. Exclusionary housing b. Growth management c. "Takings" claims d. Environmental justice - ANSWER-B. Ramapo, NY established a growth management system that awarded points to development proposals based on the availability of public utilities, drainage facilities, parks, road access, and firehouses. 1. The Disaster Mitigation Act of 2000 required local...

NMLS License TEST Questions and Answers Rated A. Graded A+ Document Content and Description Below NMLS License TEST Questions and Answers Rated A The practice of getting people to sell their homes at bargain prices by suggesting that certain ethnic groups are going to move into the area is nick named: 1. Price fixing 2. Redlining 3. Steering 4. Blockbusting 4. Blockbusting You and the borrower believe an Adjustable Rate Mortgage would be best for the borrower. What is the name of the booklet y...

property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements - Answer- b) improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a) riparian b) littoral c) appropriative d) appropriation - Answer- a) riparian A commercial tenant ...

EXAM 9(HECM)questions and answers 2023All of the following are true regarding the counselor who meets with a prospective borrower for a reverse mortgage, except: A. The counselor explains the cost of the loan and the financial implications of obtaining it. B. The counselor is paid only if the borrower goes through with the reverse mortgage. C. At the end of the session, the counselor will provide a required certification of counseling. D. The counselor will provide guidance and advice on s...

997 NMLS Questions with Answers, 100% Accurate, Graded A+ Document Content and Description Below 997 NMLS Questions with Answers The practice of getting people to sell their homes at bargain prices by suggesting that certain ethnic groups are going to move into the area is nicknamed: -Price f ixing -Redlining -Steering -Blockbusting>>>> Blockbusting You and the borrower believe an Adjustable Rate Mortgage would be best for the borrower. What is the name of the booklet you are requi...

APPRAISAL EXAM 1 Basic Principles Q&A Correctly Solved 100% 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...

Real Estate Finance Champions Elaborated 100% Ad valorem (according to value) - Taxes are assessed based upon the assessed value of the property and the existing tax rate. The assessed value for tax purposes is determined by the taxing authority and may be well above or below the value based upon a real appraisal. Advantage of municipal bonds is - That the interest paid to investors is not subject to federal income tax, making them appealing to investors who need to shelter some ...

Real Estate Sales License Exam - Rhode Island Exam Study Guide Solutions Deed of Trust Loan - ANSWER-Deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan Factors influencing real estate supply - ANSWER-- Labor force availability - Construction and material costs - Government controls - Govt. financial policies Factors influencing real estate demand - ANSWER-- Population - Demographics - Employment and wage levels Realtor - ANSWER...