Real Estate 306 Package Deal With Verified Study Solutions (Questions And Answers) Rated A+

professional appraisal practice - -imperfect information -reliable data & analysis applies -an appraisal is only as good as the appraiser & data available -OPINION of value -UNBIASED opinion of a 3rd PARTY with no direct interest in the property -Uniform Standards of Professional Appraisal Prac...

Commission - A fee that a real estate broker is paid on the sale of an asset or the lease of a space. Typically calculated as a percentage of the sales price or percentage of the total rental income over the life of the lease. Architect Contract Phases - Schematic design, design development, bid ...

covenant against encumbrances - no encumbrances except as noted in deed .. ex liens or easements actual notice - open, continuous, actual possession of property affirmative easements appurtenant - easements give the dominant parcel some intrusive use of the servient parcel ex. shared driveways,...

Developer Fee - What the developer gets paid for time and resources spent on project (based on a % of total costs) Appraiser must know.... - a. Supply & demand characteristics of marketplace b. Demand for property type c. Rules and regulations that impact property type d. Specific characteristi...

An undivided share of the whole, plus "survivorship" rights (restricts inheritance to heirs of the last surviving owner)• Not available in every state - joint tenancy -Mortgage-Leases-Mechanics Liens-Private Deed Restrictions. are all known as - title encumbrances -Name grantor and grantee ...

direct co-ownership forms (go into deeper detail later) - lots of forms, such as tenancy in common, joint tenancy, tenancy by the entirety, condominium, cooperative A "fixture" is.... - real property that formerly was personal property affirmative easements give the dominant parcel some intrusi...

developer's key objective - generate risk-adjusted returns that create value and are able to manage risk balance of land use - quiet enjoyment (private), eminent domain/takings/just compensation (public purpose), rights of police power, due process 5th, 5th, 10th, 14th amendments building code...

A document that shows where the funding for a commercial real estate project comes from and how that capital is used - Sources & uses A change in zoning from the current zoning on a specific parcel requiring municipal approvals - Rezoning A claim or legal right against assets that are typically ...

1968 case in which U.S. supreme court ruled that discrimination by race is absolutely prohibited in any form or at any level - Jones v. Mayer 2 docs borrow must always create in a mortgage loan - note & deed of trust (mortgage) 2 important functions of a commercial RE broker - provide prospective...

Factors that affect a bid-rent curve - - number of commuters or firms - wage rate (time cost) of commuters - speed of travel - frequency of trips Certain requirements for deed: - - Name grantor and grantee - Consideration and conveyance - Contain certain covenants and clauses - Contain except...

Real estate salespersons can lose their licenses for: a. Using aggressive sales techniques. b. Not showing buyers all available properties in an area. c. Commingling escrow (trust) money with personal funds. d. Not using modern sales methods. e. All of the above. - c According to most listing ...