As valorem - Study guides, Class notes & Summaries

Georgia Real Estate Exam Study Guide Latest Update Rated A+ 100% Commission Plan A method of compensating salespeople where each salesperson pays the broker a monthly fee for the use of office space, support services, and the broker's name, and in return, the salesperson keeps 100% of the commission. 43560 The number of squarefeet in one acre. Absolute Delivery A grantor's hand delivery of a deed to the grantee. Abstract of Title A condensed history of all conveyances, liens,...

Champions School of Real Estate- Principles of Real Estate II Already Passed Appraisal an appraiser's opinion of value, used to determine market value property to secure the loan Loan to Value Ratio Percentage of value or sales price that a lender is willing to finance Desk Review an appraisal that simply reviews a checklist of items as they analyze the appraisal report for completeness and acceptable conclusions Field Review An independent 3rd party appraiser will be contract...

Oklahoma Real Estate Latest Version Rated A+ Abrogate To abolish in a public manner or end something when formal steps are needed Abstract of Title A summary or copy of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record which may impair title. Abutting The joining, reaching or touching of adjoining land, Abutting parcels of land have a common boundary. acc...

Which statute governs the ad valorem taxation of property? A. Machinery Act B. General Statute C. The Ad Valorem Act D. Real Estate Taxation Act - A. Machinery Act This act provides a framework for listing, appraising, and assessing real and personal property Which type of valuation technique applies a standard percentage increase or decrease to all property in a specified location? A. Valuation B. County appraisal C. Mass appraisal D. There is no such appraisal - C. Mass Appraisal T...

IAAO 101 - Review Questions and Answers 2023 with complete solution The property tax is an ____ __________ tax, meaning it is based on value. ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. discovery listing valuation The taxable location of personal property is referred to as its __________. situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. an a...

The type of deed that warrants only that the grantor has not impaired the title during the term in which he held it is referred to as. 1. Quitclaim Deed 2. General Warranty Deed 3. Bargain and Sale Deed 4. Bargain and Sale Deed, CAG - Bargain and Sale Deed, CAG Taxes raised to pay for improvements that benefit real estate are referred to as 1. Special Assessments 2. Facilities Taxes 3. Ad Valorem Taxes 4. Luxury Rates - Special Assessments After Borrowers have indicated an intent to p...

During a recession an Investor will buy _______________ bonds, and sell ________________ bonds. correct answers corporate | government The yield spread between government and corporate bonds during a recession should _____________ correct answers widen Ad Valorem tax correct answers A tax levied according to value, generally used to refer to real estate tax. Also called the general tax. Special tax bonds correct answers backed by special taxes (e.g., taxes on tobacco, gasoline, hotel/mo...

WGU D080 Managing in a Global Business Environment 2023/2024 with complete solution Questions AAA ratings The highest possible rating that may be assigned by a credit rating agency for a bond absolute advantage The ability of an individual or group to produce a good or service more efficiently than another absolute quota Quota that strictly limits the quantity of goods that may enter a country acquisition The act of taking over ownership or controlling a business Ad val...

WASHINGTON STATE MANAGING BROKER EXAM QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. At what point has listing agent earned a commission? - -When a ready, willing, and able buyer is found. If the seller backs out after accepting the offer, even if the buyer agrees to a rescission, the commission is still due. At closing, a sale doesn't go through because the seller's anticipated transfer to another city gets suddenly postponed, and the seller no longer wants to sell. Does the seller owe...

The appraiser must perform the necessary market analysis to obtain enough information to ___________________________. Complete the Sales Comparison Approach Fill out the URAR Make the highest and best use determination for the subject property. Educate the client Make the highest and best use determination for the subject property. A property with restaurants and retail shops on the lower level and apartments on levels above is called a(n) ___________ property. Alternate-u...