Ree 3043 review questions - Samenvattingen en Aantekeningen

REE 3043 REVIEW QUESTIONS WITH REVISED CORRECT ANSWERS Nonrecurring Expenses - Answer-Leasing commissions, tenant improvements, retenanting expenses A project's NOI is calculated by: - Answer-deducting all expenses and allowances from the property's effective gross income The capitalization rate found by dividing the NOI of a property by its selling price takes into account investor's future cash flows - Answer-true The allowance known as the reserve for replacements and other nonr...

REE 3043 Final Exam Review UPDATED Exam Questions and CORRECT Answers Which appraisal approach would be most accurate in the valuation of a ten-year old single family dwelling? - CORRECT ANSWER - Sales comparison approach Which valuation approach would be most accurate in the valuation of a school, museum or library? - CORRECT ANSWER - Cost approach

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REE 3043 Final Exam Review UPDATED ACTUAL Exam Questions and CORRECT Answers 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? - CORRECT ANSWER - An unambiguous description of the property that is being pledged as collateral for the loan

REE 3043 REVIEW TEST QUESTIONS WITH REVISED ANSWERS – UPDATED property right - Answer-lienholder can take possession of the property upon foreclosure and sell property to retire debt general liens - Answer-arise from events not merely related to property but for debts on a general account specific liens - Answer-arise specifically from ownership and use of property lien priority - Answer-who gets paid first from foreclosure sale proceeds tenants in common - Answer-each party own...

REE3043 FINAL REVIEW EXAM WITH QUESTIONS AND ANSWERS ...

REE 3043 REVIEW TEST QUESTIONS WITH REVISED ANSWERS affirmative easement - Answer-allows intrusive use of burdened land negative easement - Answer-restricts burdened landowner's use of land lien - Answer-interest in property given as security for repayment of a debt doctrine of constructive notice - Answer-a common law tradition stating that if a person is capable of knowing about a claim or rule, then he or she can be bound by it most common form of legal description for rural pro...