Hud tenancy exam rated a - Study guides, Class notes & Summaries

Steven put down $10,000 toward a property's purchase price, financed the rest, and now has a cash flow of $2,800 after repairs and debt service. What's his ROI? a 21% b 26% c 28% d 32% - c 28% Return on investment or ROI = cash flow ÷ cash investment. $2,800 ÷ $10,000 = 28%. What's a legal agreement or promise made between two parties? a. A consideration b. A covenant c. A handshake d. A negotiation - b. A covenant A legal agreement or promise made between two parties is a covenant. W...

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National Real Estate Exam Q&A with Complete Solutions RATED A Contract containing ONE promise given in exchange for completing an act. NO obligation to act. -ANS- Unilateral Contract Contract containing TWO promises. Example: A listing agreement is a bilateral contract -ANS- Bilateral Contract A person who has entered into an agency relationship w/ a licensee & with whom there is a written contract -ANS- Client/Principal Any 3rd party w/ whom a licensee works -ANS- Customer Transa...

PSI Broker Exam Prep, Questions and answers, 2022/2023. Rated A Document Content and Description Below PSI Broker Exam Prep, Questions and answers, 2022/2023. Rated A A buyer has the right to buy a property at an agreed-upon price within the next six months. This is a(n) - an option A lea sehold estate that does NOT require notice to terminate is called a(n) - an estate for years The broker and the seller both know that the foundation of the seller's house is unsafe. If they do not inform the...

National Real Estate Exam Prep, Questions with accurate answers, Rated A. Document Content and Description Below National Real Estate Exam Prep, Questions with accurate answers, Rated A. Unilateral Contract - Contract containing ONE promise given in exchange for completing an act. NO obligation to act . Bilateral Contract - Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Principal - A person who has entered into an agency relationship w/ a licensee...