Non recourse - Study guides, Class notes & Summaries

NATIONAL REAL ESTATE EXAM PRACTICE TEST LATEST UPDATE GRADED A+ In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act What happens to trade fixtures after a business moves out of a leased pro...

CPWA Exam Questions & Answers 2023/2024 IRS forms - ANSWER-1040 Individuals 1065 partnerships Schedule A itemized deductions Schedule K-1 partnership distributions AGI - ANSWER-Wages, salaries + ordinary dividends + rental real estate income= total income - Qualified plan/IRA contribution= AGI AGI Self Employed - ANSWER-LLC Income + other income = total income -(SUBTRACT) HSA, half self-employment tax paid, SEP contribution, self-employed health insurance deduction = AGI Ab...

Colibri Real Estate Practice Final Exam with Complete Solutions Why is the condition of bearing walls more important than non bearing walls? Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? Stabilized budget A buyer told broker Lena that she wants to move t...

HECM Exam questions and correct answers A reverse mortgage is... - ANSWERS a loan against the value of a home that provides cash advances to a borrower, requiring no repayment until a future time. A reverse mortgage is different from a home equity loan because - ANSWERS You do not have to make monthly repayments on a reverse mortgage A reverse mortgage must be repaid - ANSWERS When the last eligible borrower dies, sells, or permanently moves away The purpose of a reverse mortgage is mo...

Comercial Real Estate Broker Lien - Answer available only to listing broker, is NOT superior to mechanics lien, Must be filed for sales: within 30 days prior to closing; Leases: within 60 days after due date of payment Limited Non Resident Commercial License - Answer Must reside in another state or US territory , PERON must hold an active license in a "qualifying state" , Two years experience NOT required. Modular Housing - Answer Must be erected by a general contractor or by a per...

Colibri Real Estate Practice Final Exam Questions with Verified Solutions Why is the condition of bearing walls more important than non bearing walls? Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? Stabilized budget A buyer told broker Lena that she wants t...

HOME EQUITY correct answers HOME VALUE MINUS LIENS ON THE HOME PURPOSE OF A REVERSE MORTGAGE correct answers GENERATE CASH FORWARD MORTGAGE PURPOSE correct answers THE ORDINARY MORTGAGE MOST PEOPLE USE TO PURCHASE HOME FORWARD MORTGAGE correct answers BORROWERS EQUITY INCREASES OVER TIME THE LOAN BALANCES DECREASES AS PAYMENTS ARE MADE TO LENDER REVERSE MORTGAGE correct answers RISING DEBT FALLING EQUITY TRANSACTIONS HECM BASIC FEATURES correct answers THE BORROWER RETAINS TITLE T...

Psyc 375- Brain and Behaviour Exam 1 Questions And Answers Neuroscience - answerThe multidisciplinary study of the brain Anatomy, physiology, chemistry, physics What are the 2 elements of the nervous system? - answerCNS (brain and spinal cord) & PNS(cranial and spinal nerves) Embodied behaviour - answermovements we make and the movements we perceive in others are central to our behaviour -we understand one another not only by listening to words but also by observing gestures and other b...

Why is the condition of bearing walls more important than non bearing walls? - ANS Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has - ANS transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? - ANS Stabilized budget A buyer told broker Lena that she wants to move to Cuban neighborhood. Then the buyer asked if ...

Psyc 375- Brain and Behaviour Exam 1 Questions And Answers Neuroscience - answerThe multidisciplinary study of the brain Anatomy, physiology, chemistry, physics What are the 2 elements of the nervous system? - answerCNS (brain and spinal cord) & PNS(cranial and spinal nerves) Embodied behaviour - answermovements we make and the movements we perceive in others are central to our behaviour -we understand one another not only by listening to words but also by observing gestures and other b...