Ree 3043 exam questions - Study guides, Class notes & Summaries

REE 3043 Exam Trial questions with answers

REE 3043 Exam 2 questions with verified answers

REE 3043 Exam 5 Questions and Answers All Correct Many investors use mortgage debt to help finance capital investment for income-producing real estate. In doing so, the owner will receive income as long as the property produces enough income to cover all operating and capital expenditures, the mortgage payment, and all state and federal income taxes. Therefore, the owner's claim is commonly referred to as a A. primary claim. b. joint claim. C. residual claim. D. superior claim. - Answ...

REE 3043 Exam 1 Questions and Revised Answers All Correct Which of the following is not correct regarding Timeshares? - Answer-They are a great financial investment. Leases typically transfer to the tenant, all the rights of the owner, except which of the following? - Answer-Disposition. Which of these liens has the highest priority? - Answer-Property tax lien What are the laws called that require that a document which conveys an interest in real property be placed in the public rec...

REE 3043 Exam 3 QUESTIONS WITH ALL CORRECT ANSWERS Which is NOT a method the federal government uses to influence the real estate market? - Answer-through zoning regulations. Real estate markets differ from other asset classes by having all of the following characteristics except: - Answer-Homogeneous product. All of the following statements define the role of Real Estate in our economy except: - Answer-Real Estate generates only 20% of local government revenue (property tax). Land wi...

REE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS The total value of owner-occupied housing and investible commercial real estate in the United States is estimated to be approximately: - Answer-$26 trillion Judgment liens against an owner of real estate may be nullified or limited by: - Answer-State laws governing homesteads In Florida, designating a principal residence as a homestead: - Answer-Protects the residence from bankruptcy sale Lien Priority in real estate is...

REE 3043 FINAL EXAM WITH VERIFIED QUESTIONS AND ANSWERS ALL UPDATED Which of the following types of loans is the most likely to contain a due-on-sale clause? - Answer-Conventional home loan In a mortgage loan, the borrower always creates two documents: a note and a mortgage. Which of the following pieces of information is provided in the mortgage?` - Answer-An unambiguous description of the property that is being pledged as collateral for the loan When a buyer of a property with an exis...

REE 3043 EXAM 1 QUESTIONS WITH REVIEWED ANSWERS Negative amortization - Answer-Occurs when the payment is not enough to even cover interest. Remaining interest is applied to principle causing loan balance to increase Mortgage payments - Answer-Cover PITI Principle, Interest, Taxes, insurance Interest payments - Answer-Cover the cost of using money for the past Market value - Answer-Probable selling price. You want this high Investment value - Answer-How much an investor finds the p...

REE 3043 Quiz 4 Exam Questions With Correct Answers Different financing requirements usually are involved in the various phases of a property's life. Which of the following types of loans is used to finance improvements to the land, such as sewers, streets and utilities? A. Bridge loans B. Land development loans C. Land acquisition loans D. Construction loans - answerB. Land Development Loans An interest-only balloon mortgage loan is commonly referred to as a(n): A. Land acquisition...