Principle if anticipation - Study guides, Class notes & Summaries

Real Estate Settlement Procedures Act (RESPA) - to protect consumers from abusive lending practices. General data - is information about a property's location. This could include the city, region, and neighborhood in which the property is situated. The appraisal report is usually paid by - the buyer Specific data - information regarding the property itself. What types of data do Appraisers use? - BOTH Specific Data and General Data The appraiser that will complete the appraisal r...

PSI National Exam for Real Estate - Questions and Answers (Complete Solutions) An appurtenant easement that arises when an owner has no access to the street except across his neighbor's land is called: easement by necessity The state's authority to enact and enforce police powers is passed on the municipalities through: enabling acts An easement appurtenant involves at least two tracts of land The period for redemption of property sold for taxes in Louisiana is a minimum of 3 years Real prop...

Amortization - ANSWER repayment of a loan principal over time based on a predetermined schedule of payments Arrears - ANSWER payment for an item or service after it is received Proration - ANSWER the allocation or distribution of an annual expense across smaller chunks of time square footage - ANSWER Length x Width acreage - ANSWER 1 acre= 43,560 appraial - ANSWER the value of a property, based on factors determined by the opinion of a certified appraiser general data - A...

NBHWC Exam Questions With 100% Verified Answers SMART acronym - answerspecific, measurable, action oriented/achievable, relevant, and time bound behavioral vs outcome goal, and what we are looking for - answerwe want to make behavioral goals behavioral: centered around actions you take outcome: focus on end result TTM stages of change - answer1. precontemplation 2. contemplation 3. preparation 4. action 5. maintenance 6. termination what is decisional balance in coaching conversati...

General Data - Is information about a property's location. This could include the city, region, and neighborhood in which the poperty uis situated. Specific Data - Is information regarding the property itself. Principle if Anticipation - The idea that the present value of a property is affected by the ANTICIPATED income or utility that property will give its property owner. Principle of Contribution - The idea that a property's overall value is made up of the combined value of each of...

Functional obsolescence - ANSWER Refers to the loss in desirability of the style, layout or function of an element of a property over time Sales comparison - ANSWER best indicator of value for existing properties highest and best use - ANSWER the legal use for property that gives the greatest return in money and/or amenities external obsolescence - ANSWER the loss in value of a property caused by factors outside the property itself principle of contribution - ANSWER suggests the...

The concepts of land are - Legal, geographic and environmental, economic, and social. For appraisal purposes, market value may be defined as - The most probable selling price Appraisal is - The act or process of developing an opinion of value. What is Chattel? - Personal property is generally considered property that is movable,[1] as opposed to real property or real estate. What is a fixture? - any physical property that is permanently attached (fixed) to real property (usually land...

Specific Data - ANSWER-Is information regarding the property itself. Principle if Anticipation - ANSWER-The idea that the present value of a property is affected by the ANTICIPATED income or utility that property will give its property owner. Principle of Contribution - ANSWER-The idea that a property's overall value is made up of the combined value of each of its parts. But the CONTRIBUTORY value of an item is not always equal to the price of that item. Principle of Substitution - ANS...

Principles of Real Estate 2 Champions School of Real Estate test Correctly Answered 2024 appraisal - Answer -appraisers opinion of value principal of contribution - Answer -the value if the property is equal to the sum if the contributory value of each of its component parts. loan to value ratio - Answer -percentage of value or sales price that a lender is willing to finance. desk review - Answer -goes through items as they analyze the appraisal report for completeness and acceptable conc...

If the base side of a triangular plot measures 45' and the height line measures 12', what is the area of the plot in square feet?([b x h] x ½ = A) 270 square feet An applicant is allowed to use what electronic devices during the real estate exam? Handheld calculator Convert the following fraction to a decimal for ease of computation: 31/25 1.24 What is the general formula to determine Capital Gain? Profit from Sale - Base Value = Capital Gain A property owner borrows $490,000 at a 12% i...