Ree 3043 test - Study guides, Class notes & Summaries

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 Chapter 4 Test questions with Simplified answers

REE 3043 REVIEW TEST QUESTIONS WITH REVISED ANSWERS – UPDATED property right - Answer-lienholder can take possession of the property upon foreclosure and sell property to retire debt general liens - Answer-arise from events not merely related to property but for debts on a general account specific liens - Answer-arise specifically from ownership and use of property lien priority - Answer-who gets paid first from foreclosure sale proceeds tenants in common - Answer-each party own...

REE 3043 Chapter 2 Test questions with answers

REE 3043 TEST 2 QUESTIONS WITH VERIFIED ANSWERS – UPDATED!!! Which of the following statements is least correct? - Answer-Urban land use patterns have no influence on real estate location patterns. Which of the following is not correct regarding Timeshares? - Answer-they are great financial investments What is the main determinant of the hierarchy of central place patterns? - Answer- Population required for market The economic base multiplier of a city tends to be greater if the city...

Ree 3043 TEST QUESTIONS WITH CERTIFIED ANSWERS You pay only the interest on the loan for the entire loan and then pay the principle at the end of the loan. - Answer-Interest only loan 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 ...

REE 3043 Chapter 4 Test questions with Simplified answers

REE 3043 Chapter 2 Test questions with answers

REE 3043 REVIEW TEST QUESTIONS WITH REVISED ANSWERS affirmative easement - Answer-allows intrusive use of burdened land negative easement - Answer-restricts burdened landowner's use of land lien - Answer-interest in property given as security for repayment of a debt doctrine of constructive notice - Answer-a common law tradition stating that if a person is capable of knowing about a claim or rule, then he or she can be bound by it most common form of legal description for rural pro...