REAL 4000 Test 2 - UGA Dr. Martin Questions and Answers | Latest Update | 2024/2025 | 100% Verified
4 views 0 purchase
Course
REAL 4000
Institution
REAL 4000
REAL 4000 Test 2 - UGA Dr. Martin
Questions and Answers | Latest Update |
2024/2025 | 100% Verified
What is a real estate appraisal?
A real estate appraisal is an assessment of a property’s market value conducted by a licensed
appraiser.
What is property deed?
A property deed is a ...
REAL 4000 Test 2 - UGA Dr. Martin
Questions and Answers | Latest Update |
2024/2025 | 100% Verified
What is a real estate appraisal?
✔✔ A real estate appraisal is an assessment of a property’s market value conducted by a licensed
appraiser.
What is property deed?
✔✔ A property deed is a legal document that transfers ownership of real estate from one party to
another.
What does loan-to-value ratio mean?
✔✔ The loan-to-value ratio is the percentage of a property's value that is covered by the loan
amount.
What is escrow account?
✔✔ An escrow account is a neutral account where funds are held by a third party to ensure they
are available for specified purposes, such as closing costs.
1
, What is a broker’s responsibility?
✔✔ A broker’s responsibility includes managing real estate transactions, overseeing agents, and
ensuring compliance with real estate laws.
What is due diligence in real estate transactions?
✔✔ Due diligence refers to the process of thoroughly investigating a property to verify its
condition and legal status before purchase.
What does mortgage interest rate refer to?
✔✔ The mortgage interest rate is the percentage charged on a loan amount for borrowing money
to purchase property.
What is homeowners insurance?
✔✔ Homeowners insurance provides financial protection against damage to the property and
liability for accidents that occur on the property.
What is a title search?
✔✔ A title search examines public records to confirm the legal ownership of a property and to
identify any claims or encumbrances.
2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SterlingScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.95. You're not tied to anything after your purchase.
