Ree3043 - Study guides, Class notes & Summaries

REE3043 FINAL REVIEW EXAM WITH QUESTIONS AND ANSWERS ...

REE3043 EXAM 2 SG MC (2024) LATEST QUESTIONS WITH COMPLETE SOLUTIONS!!

REE3043 REVIEW TEST QUESTIONS WITH ALL CORRECT SOLUTIONS Two important advantages of automated underwriting are that it is __________ and it enables lenders to more safely make ________ loans. - Answer-Two important advantages of automated underwriting are that it is faster and it enables lenders to more safely make affordable housing loans. What two contracts are always involved in a mortgage loan? - Answer-A borrower always conveys a mortgage and a note to the lender in the mortgage loan. ...

REE3043 EXAM QUESTIONS WITH COMPLETE SOLUTIONS The lender that takes out a insurance policy against the mortgage in case the borrower defaults. - Answer-PMI - Private Mortgage Insurance It was created to restore confidence in the mortgage market. It had a great impact in the housing finance system. The FHA helped establish rigorous borrowing and lending standards that reduced lenders' risk and promoted the use of long term, fully amortizing loans that were more consistent with the househol...

REE3043 TEST QUESTIONS WITH CERTIFIED ANSWERS – UPDATED!! The value of income producing property depends on its - Answer-Expected cash flows, the timing of those cash flows, and the riskiness of those cash flows Real estate investors earn returns on their investments from - Answer-Rental income and property appreciatiob Investment risk - Answer-The probability that actual cash flows will differ from what was expected Most real estate investors are - Answer-Risk averse The outstan...

REE3043 PRACTICE TEST QUESTIONS WITH REVISED ANSWERS – UPDATED!! Property manager top designation ____________ - Answer-certified property manager CPM Administrative tasks- collecting rents, prepare monthly reports (who paid who didn't, what isn't) and record keeping - Answer-property manager tasks need to know the marketing advantages/disadvantage of property have low cost and low maintenance amenities that competitors dont have - Answer-marketing strategy ______________ want s...

REE3043 EXAM 5 QUESTIONS WITH CERTIFIED ANSWERS Based on your understanding of the differences between levered and unlevered cash flows, which of the following is an example of a levered cash flow? A. net operating income B. net sale proceeds C. sale price D. before-tax cash flow - Answer-D Given the following information, calculate the before-tax equity reversion (BTER): NOI: $89,100; annual debt service: $58,444; net sale proceeds: $974,700; remaining mortgage balance: $631,026. ...

REE3043 CHAPTER 4 QUESTIONS WITH CORRECT ANSWERS REVISED AND UPDATED State and federal control of land uses has increased greatly over the past 40 years due in part to an increased awareness of environmental hazards. Which of the following federal environmental control laws was responsible for establishing the "Superfund" to finance emergency responses and cleanups of abandoned and unregulated waste dumps? -Clean Water Act -Resource Conservation and Recovery Act -Toxic Substances Contro...

REE3043 CHAPTER 2 QUESTIONS WITH REVIEWED ANSWERS Which of these forms of co-ownership could best be described as "normal ownership," except that multiple owners share identically in one bundle of rights? Tenancy in common Joint tenancy Tenancy by the entirety Condominium Estate in severalty - Answer-Tenancy in common Which of these marriage related forms of co-ownership gives each spouse a one-half interest in any property that is "fruits of the marriage?" Dower Curtesy Communi...