Reserve auction - Study guides, Class notes & Summaries

ACEABLE AGENT PRINCIPLES OF REAL ESTATE 2 QUESTIONS AND ANSWERS, GRADED A+/ 100 lots or more - -The Interstate Land Sales Full Disclosure Act is applicable to developers involved in the Interstate sale or lease of: 5280 feet - -1 mile A developer - -Develops unimproved land prior to resale or lease A subdivider - -Divides unimproved land into smaller parcels for resale or lease Absolute Auction - -also known as a no-reserve auction, it is an auction in which there is no reserve or rest...

CPCU 530 Practice Exam Questions and Answers common stock - Answer-An ownership interest in a corp that gives stockholders certain rights and privileges, such as the right to vote on important matters and to receive dividends preferred stock - Answer-Stock that is generally nonvoting but that has priority over common stock, usually regarding dividends and capital distribution if the corporation ends its existence Par value - Answer-An arbitrary dollar value that an organization assigns t...

SERIES 7 – DEBT Test Questions U.S. Government debt is sold by _____________ bidding at a weekly auction conducted by the _________________ where ____________ are sold. - Sold by COMPETITIVE bidding at a weekly auction conducted by the FEDERAL RESERVE where TREASURY BILLS are sold. (This is by far, the largest amount of debt issued by the government.) Every ________ weeks, Notes, Bonds, and TIPS are sold at auction. - Every 4 weeks. (The actual amount of debt for sale at each auc...

A customer who is short stock will buy a call to: A. hedge the short stock position in a falling market B. protect the short stock position from a falling market C. protect the short stock position from a rising market D. generate additional income in a stable market C. protect the short stock position from a rising market (A customer who has shorted stock is bearish on the market. However, the potential loss for a short seller of stock is unlimited if the market should rise, forcing the cu...

Absolute Auction - After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right to bid - The auctioneer may withdraw the goods at any time until he announces completion of the sale -...

The Code defines __________ as "honesty in fact in the conduct or transaction concerned." correct answers good faith The definition of "usage of trade" includes: correct answers a practice regularly observed and followed in a place, vocation, or trade. A merchant is defined as a person who: a. is a dealer in a particular type of goods. b. by his occupation holds himself out as having knowledge or skills peculiar to certain goods or practices. c. employs an agent or broker whom he ho...

What is an Offer? - 1) opinions about future results, including professional opinions 2) statements of intention (including letters of intent which merely memorialize negotiations) 3) invitations to submit a bid 4) price estimates 5) advertisements, catalogs and mass mailings 6) auctions with reserve Characteristics of sole proprietorship - Unlimited personal liability for losses Management No formalities Net profits taxable to owner Can file fictitious business name (d/b/a) CORPORATI...

Aceable Agent - Principles of Real Estate II Exam Notes 100% Verified TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - answerFormulas to calculate commission? PRINCIPAL - answerWhat is the term that describes the money that is lent? CASH TO CLOSE - answerDown payment minus earnest money? TOTAL SALES PRICE - answerLoan payment + loan principal? ORIGINATION POINTS - answerLoan points/fees charged 1% to compensate loan officers for underwriting and administering...

Reserve correct answers A confidential price is the minimum amount the seller will accept. Absolute correct answers The property is sold to the highest bidder, no matter what the bid is. Minimum bid correct answers The auctioneer sets and publishes the price at which bidding begins. Lot correct answers An item or group of items going up for sale (in auctions where multiple items are being sold) Go on the block correct answers Go up for auction; refers to auctioneer's podium and the ...

Aceable Agent - Principles of Real Estate II Exam Notes 100% Verified TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - answerFormulas to calculate commission? PRINCIPAL - answerWhat is the term that describes the money that is lent? CASH TO CLOSE - answerDown payment minus earnest money? TOTAL SALES PRICE - answerLoan payment + loan principal? ORIGINATION POINTS - answerLoan points/fees charged 1% to compensate loan officers for underwriting and administering...