REE3043 TEST QUESTIONS WITH CERTIFIED ANSWERS – UPDATED 2 Exam (elaborations) REE3043 EXAM QUESTIONS WITH COMPLETE SOLUTIONS 3 Exam (elaborations) REE3043 EXAM 5 QUESTIONS WITH CERTIFIED ANSWERS 4 Exam (elaborations) REE3043 REVIEW TEST QUESTIONS WITH ALL CORRECT SOLUTIONS 5 Exam (elaboration...
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REE 3043 Exam 3 QUESTIONS WITH ALL CORRECT ANSWERS Cities with industry economies tend: - Answer-to be more resistant to economic downturns due to cost advantages. What is the effective tax rate based on the following information: Taxes paid = $5,363 Market value of property = $425,000 A...
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Add to cartREE 3043 Exam 3 QUESTIONS WITH ALL CORRECT ANSWERS Cities with industry economies tend: - Answer-to be more resistant to economic downturns due to cost advantages. What is the effective tax rate based on the following information: Taxes paid = $5,363 Market value of property = $425,000 A...
REE 3043 TEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ B. Market rent - Answer-The rent that can be obtained when leasing a property in an open and competitive market? a. contract rent b. market rent c. fair rent d. justifiable rent A. Periodic income and Appreciation - Answer-Income proper...
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Add to cartREE 3043 TEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+ B. Market rent - Answer-The rent that can be obtained when leasing a property in an open and competitive market? a. contract rent b. market rent c. fair rent d. justifiable rent A. Periodic income and Appreciation - Answer-Income proper...
REE 3043 TEST 2 QUESTIONS WITH VERIFIED ANSWERS – UPDATED!!! Which of the following statements is least correct? - Answer-Urban land use patterns have no influence on real estate location patterns. Which of the following is not correct regarding Timeshares? - Answer-they are great financial in...
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Add to cartREE 3043 TEST 2 QUESTIONS WITH VERIFIED ANSWERS – UPDATED!!! Which of the following statements is least correct? - Answer-Urban land use patterns have no influence on real estate location patterns. Which of the following is not correct regarding Timeshares? - Answer-they are great financial in...
REE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS What two elements are involved in every real estate investment decision? - Answer- Initial cost and value of future benefit Approximately what portion of U.S. households owns their own home? - Answer- Approximately 2/3 A neigh...
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Add to cartREE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS What two elements are involved in every real estate investment decision? - Answer- Initial cost and value of future benefit Approximately what portion of U.S. households owns their own home? - Answer- Approximately 2/3 A neigh...
REE 3043 EXAM 1 QUESTIONS WITH CERTIFIED ANSWERS Elements of traditional zoning include all except: a. Bulk limits b. Performance standards c. Setback requirements d. Land use categories - Answer-Performance standards Externalities in land use include all except: a. Increase storm runo...
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Add to cartREE 3043 EXAM 1 QUESTIONS WITH CERTIFIED ANSWERS Elements of traditional zoning include all except: a. Bulk limits b. Performance standards c. Setback requirements d. Land use categories - Answer-Performance standards Externalities in land use include all except: a. Increase storm runo...
REE3043 TEST QUESTIONS WITH CERTIFIED ANSWERS – UPDATED Answer-False - these periods come from long length of construction period and mortgage lenders' lending policies T or F: Rents reflect the price of space and sale prices reflect the value of assets and the right to collect rents - Answe...
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Add to cartREE3043 TEST QUESTIONS WITH CERTIFIED ANSWERS – UPDATED Answer-False - these periods come from long length of construction period and mortgage lenders' lending policies T or F: Rents reflect the price of space and sale prices reflect the value of assets and the right to collect rents - Answe...
REE 3043 EXAM 2 QUESTIONS WITH CERTIFIED ANSWERS A statement by a real estate investment trust that it invests only in apartment buildings that are larger than 50 units and less than 10 years old is an example of an investment: - Answer-D. Policy statement The rent that can be obtained when lea...
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Add to cartREE 3043 EXAM 2 QUESTIONS WITH CERTIFIED ANSWERS A statement by a real estate investment trust that it invests only in apartment buildings that are larger than 50 units and less than 10 years old is an example of an investment: - Answer-D. Policy statement The rent that can be obtained when lea...
REE 3043 EXAM 1 QUESTIONS WITH REVISED ANSWERS A large university is an example of what kind of economic phenomenon? - Answer- Industry economies of scale. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: - Answer--User market B...
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Add to cartREE 3043 EXAM 1 QUESTIONS WITH REVISED ANSWERS A large university is an example of what kind of economic phenomenon? - Answer- Industry economies of scale. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: - Answer--User market B...
REE 3043 EXAM 1 QUESTIONS WITH REVIEWED ANSWERS Functional Obsolescence - Answer-An older design and the building doesn't function in such a way maintain value Cost approach - Answer-Can you determine the cost to replace reproduce any type of property Fully Amortized Mortgage - Answer-Period...
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Add to cartREE 3043 EXAM 1 QUESTIONS WITH REVIEWED ANSWERS Functional Obsolescence - Answer-An older design and the building doesn't function in such a way maintain value Cost approach - Answer-Can you determine the cost to replace reproduce any type of property Fully Amortized Mortgage - Answer-Period...
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 constructi...
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Add to cartREE 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 constructi...
Ree 3043 TEST QUESTIONS WITH CERTIFIED ANSWERS You pay only the interest on the loan for the entire loan and then pay the principle at the end of the loan. - Answer-Interest only loan The lender that takes out a insurance policy against the mortgage in case the borrower defaults. - Answer-PMI - ...
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Add to cartRee 3043 TEST QUESTIONS WITH CERTIFIED ANSWERS You pay only the interest on the loan for the entire loan and then pay the principle at the end of the loan. - Answer-Interest only loan The lender that takes out a insurance policy against the mortgage in case the borrower defaults. - Answer-PMI - ...
REE3043 EXAM QUESTIONS WITH COMPLETE SOLUTIONS Gross salary: 50,000 Mortgage debt : .36 Total : 18,000 Divide by 12 to get monthly Gives you 1,500 a month. The bank does not want you total debt ( including the cost of housing ) to be more than 1,500 a month. - Answer-Total debt ratio - school...
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Add to cartREE3043 EXAM QUESTIONS WITH COMPLETE SOLUTIONS Gross salary: 50,000 Mortgage debt : .36 Total : 18,000 Divide by 12 to get monthly Gives you 1,500 a month. The bank does not want you total debt ( including the cost of housing ) to be more than 1,500 a month. - Answer-Total debt ratio - school...
REE 3043 TEST QUESTIONS WITH UPDATED ANSWERS Transactional - Conditions of Sale - Answer-Comparable property's sale price must be adjusted if any general condition represented in the sale was not typical of the market. Transactional - Financing Terms - Answer-Must be adjusted if it is sold belo...
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Add to cartREE 3043 TEST QUESTIONS WITH UPDATED ANSWERS Transactional - Conditions of Sale - Answer-Comparable property's sale price must be adjusted if any general condition represented in the sale was not typical of the market. Transactional - Financing Terms - Answer-Must be adjusted if it is sold belo...
REE3043 CHAPTER 4 QUESTIONS WITH CORRECT ANSWERS REVISED AND UPDATED In considering the acquisition of real property, it is important to remember that certain factors may limit ownership rights. Which of the following is an example of a situation in which ownership rights can be fully removed from ...
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Add to cartREE3043 CHAPTER 4 QUESTIONS WITH CORRECT ANSWERS REVISED AND UPDATED In considering the acquisition of real property, it is important to remember that certain factors may limit ownership rights. Which of the following is an example of a situation in which ownership rights can be fully removed from ...
REE3043 CHAPTER 2 QUESTIONS WITH REVIEWED ANSWERS Rules used by courts to determine whether something is a fixture include all except? Intention of the parties Manner of the attachment Law of capture Character of the article and manner of adaption Relation of the parties - Answer-Law of capture ...
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Add to cartREE3043 CHAPTER 2 QUESTIONS WITH REVIEWED ANSWERS Rules used by courts to determine whether something is a fixture include all except? Intention of the parties Manner of the attachment Law of capture Character of the article and manner of adaption Relation of the parties - Answer-Law of capture ...
REE3043 EXAM 5 QUESTIONS WITH CERTIFIED ANSWERS A client has requested advice on a potential investment opportunity involving an income-producing property. She would like you to determine the internal rate of return of the investment opportunity based on the following information: expected holding...
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Add to cartREE3043 EXAM 5 QUESTIONS WITH CERTIFIED ANSWERS A client has requested advice on a potential investment opportunity involving an income-producing property. She would like you to determine the internal rate of return of the investment opportunity based on the following information: expected holding...
REE 3043 FINAL EXAM WITH VERIFIED QUESTIONS AND ANSWERS ALL UPDATED Equitable title to real estate is: - Answer-The right to obtain legal title conveyed by the contract for sale Since the issues in many transactions are similar, brokers often use standard preprinted contract forms. Generally, th...
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Add to cartREE 3043 FINAL EXAM WITH VERIFIED QUESTIONS AND ANSWERS ALL UPDATED Equitable title to real estate is: - Answer-The right to obtain legal title conveyed by the contract for sale Since the issues in many transactions are similar, brokers often use standard preprinted contract forms. Generally, th...
REE3043 REVIEW TEST QUESTIONS WITH ALL CORRECT SOLUTIONS As part of their underwriting process, lenders may rely on debt ratios to ascertain whether borrowers have the ability to make regular payments on their mortgages. Utilizing the following information, calculate the total (back-end) debt ratio...
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Add to cartREE3043 REVIEW TEST QUESTIONS WITH ALL CORRECT SOLUTIONS As part of their underwriting process, lenders may rely on debt ratios to ascertain whether borrowers have the ability to make regular payments on their mortgages. Utilizing the following information, calculate the total (back-end) debt ratio...
REE3043 PRACTICE TEST QUESTIONS WITH REVISED ANSWERS – UPDATED!! There will be a fixed payment ( can be a year or monthly ). Then the rate is adjusted - Margin never changes - Index changes as per the terms of the loan - Answer-ARM - adjustable rate mortgage Example : - principle : $400 -...
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Add to cartREE3043 PRACTICE TEST QUESTIONS WITH REVISED ANSWERS – UPDATED!! There will be a fixed payment ( can be a year or monthly ). Then the rate is adjusted - Margin never changes - Index changes as per the terms of the loan - Answer-ARM - adjustable rate mortgage Example : - principle : $400 -...
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