In a sub lease - Study guides, Class notes & Summaries

National Real Estate Exam – Hawaii Questions and Answers 100% Pass In MOST states, when a first mortgage is foreclosed and the property has been sold, junior liens - Correct Answer ️️ -no longer have any claim on the property. A judgment has been properly recorded. Any subsequent purchasers, whether they have actually examined the record or not, have been given - Correct Answer ️️ - constructive notice. A salesperson lists a property with a contract that allows for sub agency an...

CLFP Credit Process and Financial Statement: Exam Questions with Answers Latest | Graded A+. What applicant attributes are you trying to learn about when underwriting a deal? correct answer1.) The desire to repay the debt 2.) the financial ability to make payments 3.) The reserves to withstand unexpected setbacks What are the four (4) C's of Credit? correct answer1.) Character: the desire to pay back debt 2.) Cash Flow: Ability to make payments 3.) Capital: Ability to withstand setbacks ...

Law of contracts Exam Questions And Revised Correct Answers A real agreement is an agreement - ANSWER whereby a right is transferred Which of the following is NOT a requirement for the creation of a valid contract? - ANSWER The performance must be possible after the contract is concluded Portia and Lucas are married out of community of property. They want to purchase Jerome's car. Jerome offers to sell his car to Lucas for R100 000. Lucas and Portia accept Jerome's offer. W...

Once a Property Asset Type is selected it cannot be changed (T/F) - correct answer False The Analysis Begin date defaults to the current Month and Year (T/F) - correct answer True Which of the following is a classification type in AE? Select all that apply. a. Property b. Tenant c. Region d. Lease - correct answer a. Property b. Tenant Multiple properties can be opened simultaneously in ARGUS Enterprise (T/F) - correct answer True What is the extension of a property asset file in ARGUS ...

National Real Estate Exam – Hawaii Already Graded A+ In MOST states, when a first mortgage is foreclosed and the property has been sold, junior liens ️no longer have any claim on the property. A judgment has been properly recorded. Any subsequent purchasers, whether they have actually examined the record or not, have been given ️constructive notice. A salesperson lists a property with a contract that allows for sub agency and dual agency. The salesperson is ️an agent to the b...

Helps avoid tax abuse by defining what is not a lease for tax purposes. - What is significant about IRS Revenue Ruling 55-540? Per IRS Revenue Ruling 55-540, what are the rules that if present prevent a transaction from being a lease for tax purposes? - 1). Any portion of the periodic payment is equity, 2.) lessee automatically acquires title upon making scheduled payments 3.) the total amount, which a lessee is required to be paid is an inordinately large portion of the total sum to buy t...

ASREB Exam Questions with 100% Correct Solutions Salesperson is working for a principal, but the salesperson exceeds authority in agreement. Principal does nothing to correct the actions, and the public is led to believe the actions were okay. Agency? - Correct Answer ️️ -Estoppel Amount stated in a purchase contract in case the buyer breaches is called: - Correct Answer ️️ -Liquidated In a sublease with a positive leasehold who benefits from excess rent? - Correct Answer ️️ -...

ARGUS Certification Exam, Argus Certification Practice Test Questions and Answers. Once a Property Asset Type is selected it cannot be changed (T/F) - Correct AnswerFalse The Analysis Begin date defaults to the current Month and Year (T/F) - Correct AnswerTrue Which of the following is a classification type in AE? Select all that apply. a. Property b. Tenant c. Region d. Lease - Correct Answer-a. Property b. Tenant Multiple properties can be opened simultaneously in ARGUS Enterprise (T/...

A real agreement is an agreement correct answerswhereby a right is transferred Which of the following is NOT a requirement for the creation of a valid contract? correct answersThe performance must be possible after the contract is concluded Portia and Lucas are married out of community of property. They want to purchase Jerome's car. Jerome offers to sell his car to Lucas for R100 000. Lucas and Portia accept Jerome's offer. Which statement is CORRECT? correct answersOnly Lucas could a...

ARGUS Certification Exam, Argus Certification Practice Test Questions and Answers. Once a Property Asset Type is selected it cannot be changed (T/F) - Correct AnswerFalse The Analysis Begin date defaults to the current Month and Year (T/F) - Correct AnswerTrue Which of the following is a classification type in AE? Select all that apply. a. Property b. Tenant c. Region d. Lease - Correct Answer-a. Property b. Tenant Multiple properties can be opened simultaneously in ARGUS Enterprise (T/...