Non recourse debt Study guides, Class notes & Summaries

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 to Cuban neighborhood. Then the buyer asked if Lena could s...

NMLS Practice Test 100% Correct Solved 1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days - Correct Answer️️ -•90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance - Correct Answer️️ -cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. - Correc...

PVL3702 CONTRACT LAW STUDY SUMMARY NOTES. This is a complete and an all-inclusive guide to PVL3702 - Law Of Contract. Contract as an agreement intended to create enforceable obligations → A contract is an agreement between two or more parties with the intention of creating enforceable obligations. To constitute an enforceable contract, an agreement must be one which the law recognizes as binding on the parties. → The extra ingredient that distinguishes contracts from non-binding agreeme...

Title Types ... M.A.R.I.A. IS PROPERTY REAL OR PERSONAL: -Method of Attachment (or Annexation) - How the item is attached to the property (a window air-conditioner (personal) vs. a central air conditioning unit (appurtenance). -Adaptability - A microwave oven that is "built in" vs. a microwave that simply sits on a kitchen counter. If an item is well adapted, then it is likely to be considered a fixture. -Relationship of parties - If a tenant installs a fixture in order to conduct ...

What is the form of co-ownership in which two or more persons each have an undivided interest in the property but no right of survivorship? - Answer Tenancy in Common A type of ownership that is considered a long-term lease is best described as: - Answer Cooperative Building codes are primarily enforced by: - Answer the issuance of permits An interest in and possession of any real property is called - Answer An estate Roberta wishes to build her garage 2 feet from her side lot line. ...

NATIONAL REAL ESTATE EXAM PRACTICE TEST 100% SOLVED 2024 In most cases, broker compensation, as a percentage of home price, falls somewhere between: - Answer- 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? - Answer- 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...

ASREB Practice Exam Questions With 100% Correct Answers. A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not c. gives no indication that the property is listed with a broker A borrower is required to...

ASREB Practice Exam Questions With 100% Correct Answers. A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not c. gives no indication that the property is listed with a broker A borrower is required to...

Blockbusting causes: A Trust busting B Panic peddling C Blind advertising D Redlining - Answer B. Panic Peddling Blockbusting causes panic peddling (also known as panic selling), where homeowners quickly sell their homes for fear of a drop in home values due to the entry of a protected class into their neighborhood. Which of the following advertisements would violate fair housing law? A Private outdoor space B No elevator access C Walk-in closet D Easy access to the highway - An...

Series 65 Exam Prep, Over 1000 Questions And Answers, Verified Solution Name the equity securities Preferred and Common stock What is a security? Instrument that is readily exchanged for value between parties and involves risk Why are Whole and Term life insurance sand IRAs/retirement plans NOT securities? Not readily exchanged Why are confirmations and prospectus not securities? Do not have value How does one become owner of a company? buy shares in that company What distinguishes ...