Temporary leases Study guides, Class notes & Summaries

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Leasing License Exam Questions With 100% Correct Answers What does the IDFPR stand for? - answerThe Illinois Department of Financial and Professional Regulation How can you get on the Real Estate Administration and Disciplinary Board? - answerBe appointed by the governor What does the Real Estate Research and Education Fund do? (Do not choose on test) - answerScholarships What does the Real Estate Administration Fund do? - answerPays the bills for the IDFPR What do the Peer Review Advis...

Principles of real estate I (Champions) Questions and Correct Answers 2024 Subsurface rights - Answer -Rights that include ownership of oil, gas and other minerals Surface and air rights - Answer -Rights that are conveyed in a cell tower lease Improvement - Answer -Any permanent man-made addition to the land Personal property - Answer -Things of a temporary, movable nature Modular homes - Answer -Factory-built housing built to local building codes Riparian rights - Answer -Rights that an ...

TREC contract forms and their uses - ANSWER-- Sales Contracts: 1) One-to-Four Family Contract (Resale) 2) New Home Contract (Incomplete Construction) 3) New Home Contract (Completed Construction) 4) Unimproved Property Contract 5) Residential Condominium Contract (Resale) 6) Farm and Ranch Contract - Leases: 1) Buyer's Temporary Residential Lease 2) Seller's Temporary Residential Lease TREC rules regarding the buyer's use of inspectors - ANSWER-- seller permits buyer access to t...

NC Real Estate Exam Study Guide Questions with Certified Answers When did it become mandatory to have a license to do real estate? July 1, 1957 Who issues licenses? NC real estate commission Do you have to be licensed to get paid for referrals? Yes, you must have an active license Brokerage activities requiring a license 1. Listing/offering to list real estate for sale/rent 2. Selling/buying or offering to sell/buy 3. Leasing/renting or offering to lease/rent 4. Conducting/offering to conduct...

Promulgated Contract Forms - Study Guide Rated A+ Information Needed to Complete Contract Forms -Elements and Practice 1-4 Family Residential Contract (Resale): The heading of this contract contains; date the contract form was approved by the Commission. License holders must take care to use only the most current version of a contract form. Failure to use the most current version is a violation of the license act. The title of the form reveals its intended use. The contract form is the 1-4 famil...

In Illinois, the real estate license law is administered by the...? - IDFPR (Bureau of Real Estate Professions) How are the nine members of the Real Estate Administration and Disciplinary Board Selected? - By the governor What is the name given to the Illinois license laws under which brokers and salespeople practice? - Real Estate License Act of 2000 After May 1, 2011, the new license categories are: - Managing Broker and Broker After April 30, 2012, as an alternative to passing the...

Course 1 Terms (Real estate Humber) Latest Update Graded A Fee Simple Estate (Free Hold) It is the highest form of an estate and is also known as absolute right. It provides maximum rights with minimum limitations. Includes the rights to use, sell, enter, possess, lease, or give away Leasehold Estate Interest in land for a definite time period An estate that gives the holder (Tenant) a temporary right to possession, without title. The grantor is called the landlord (lessor) and the grantee i...

Net lease - In a net lease the owner passes many of the costs to the tenant, who pays the taxes, insurance and maintenance costs. Net leases are typically commercial leases. Physical Deterioration - is when something within the property itself causes a loss in value. Physical deterioration is caused by a myriad of contributing factors, such as normal wear and tear, deferred maintenance, aging of the buildings, or even negligence by the tenant. Common Area Maintenance - If the lease is a "t...

Brokerage - Answer-The aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction Property Managers are generally responsible for the following - Answer-Day to Day operations, Maintenance and Tenant Relations RMLO - Answer-Mortgage Brokers are known as NAR - Answer-The largest trade organization representing real estate professionals is Value - Answer-A fair return or equivalent in goods, services, or money for something exchanged ...