Ree 3043 Study guides, Class notes & Summaries

REE 3043 TEST QUESTIONS WITH UPDATED ANSWERS Purely free market solution to zoning problems - Answer-free rider problem - yes negative ext - yes inequities in bearing the costs to enforce positive zoning outcomes - yes zoning restrictions - no An important limitation to the use of private restrictions for controlling land uses is often: - Answer-That they may be too costly to enforce the authority to control and regulate land uses: - Answer-is generally vested in local jurisdictions ...

REE 3043 EXAM 3 LATEST UPDATE...

REE 3043 REVIEW QUESTIONS WITH REVISED CORRECT ANSWERS Nonrecurring Expenses - Answer-Leasing commissions, tenant improvements, retenanting expenses A project's NOI is calculated by: - Answer-deducting all expenses and allowances from the property's effective gross income The capitalization rate found by dividing the NOI of a property by its selling price takes into account investor's future cash flows - Answer-true The allowance known as the reserve for replacements and other nonr...

REE 3043 EXAM 1 QUESTIONS WITH CERTIFIED ANSWERS Rules used by courts to determine whether something is a fixture include all except: a. Law of capture b. Intention of the parties c. Character of the article and manner of adaptation d. Manner of attachment - Answer-Law of capture Which of the following is a titled estate? a. Fee simple absolute b. Fee simple conditional c. Life estate d. All of these - Answer-all of these Which of these forms of co-ownership could best be...

REE 3043 TEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ Investment Value Definition - Answer-Def: *The value of the property to a particular investor*. The price a particular investor (as opposed to the typical investor) is willing to pay, given the investor's unique tax situation, financing opportunities, required rate of return, and expectations of the property's future cash flows. Market Value Definition - Answer-Def: *Exact value.* The price a typical buyer would pay should the prop...

100 Percent Correct Answer-The maximum loan-to-value ratio on a VA gauranteed loan is: 1.75% Correct Answer-What is the up-front premium changed on FHA loans? $63,000 Correct Answer-Given the following information, how much PMI i required? PMI is to cover the top 35% of the loan. Purchase Price: $200,000 Loan Amount: $180,000 Down Payment: 10% Annual Percentage Rate (APR) Correct Answer-Jan is hopping for a home loan in order to purchase her retirement home. She has several loans ...

REE 3043 EXAM 1 LATEST UPDATE ...

REE 3043 EXAM QUESTIONS WITH ALL CORRECT ANSWERS The investment strategy may be separated into three components - Answer Investment policy, investment objectives, and investment policies Characteristics of income property investment - Answer Property Type- Apartments, hotels, office buildings etc Rental Income Purchase as Investors Geographic Scope Net sellping price NSP= - Answer expected sale price (SP) - selling expense (SE) a measure of the extent to which NOI can decline b...

REE 3043 EXAM LATEST UPDATE...

When a buyer of a property with an existing mortgage loan acquires the property and signs the note for an existing loan, the buyer is acquiring the property: Correct Answer-by assumption. Which of these points in a mortgage loan would be addressed in the mortgage (possibly in the note as well)? Correct Answer-Escrows The Real Estate Settlement Procedures Act does which of these: Correct Answer-All of these statements are correct. ( Requires that the borrower be able to inspect the closing...