UGA REAL 4000 Singh Test 3 | Latest Update | 2024/2025 | 100% Verified
4 views 0 purchase
Course
UGA REAL 4000 Singh
Institution
UGA REAL 4000 Singh
UGA REAL 4000 Singh Test 3 | Latest
Update | 2024/2025 | 100% Verified
What is rent control?
Rent control is a regulation that limits the amount a landlord can charge for renting out a
property.
What is a property disclosure statement?
A property disclosure statement is a document pro...
UGA REAL 4000 Singh Test 3 | Latest
Update | 2024/2025 | 100% Verified
What is rent control?
✔✔ Rent control is a regulation that limits the amount a landlord can charge for renting out a
property.
What is a property disclosure statement?
✔✔ A property disclosure statement is a document provided by the seller that outlines known
issues or defects with the property.
What is the fair market value of a property?
✔✔ Fair market value is the price at which a property would sell under normal market
conditions.
What is a real estate appraisal report?
✔✔ A real estate appraisal report is a detailed document prepared by an appraiser that assesses
the value of a property.
1
,What does mortgage pre-approval involve?
✔✔ Mortgage pre-approval involves a lender reviewing a buyer's financial information to
determine how much they can borrow before making an offer on a property.
What is principal balance in a mortgage?
✔✔ Principal balance is the amount of the loan that remains unpaid, excluding interest.
What does seller financing mean?
✔✔ Seller financing occurs when the seller of a property provides a loan to the buyer to cover
part or all of the purchase price.
What is an adjustable-rate mortgage?
✔✔ An adjustable-rate mortgage is a loan where the interest rate changes periodically based on
market conditions.
What is a closing cost?
✔✔ Closing costs are expenses incurred during the finalization of a real estate transaction,
including fees for services and taxes.
2
, What is a real estate investor?
✔✔ A real estate investor is an individual or entity that purchases property to generate income or
profit.
What is the purpose of a title search?
✔✔ A title search verifies the legal ownership and checks for any claims or liens against a
property.
What does real estate brokerage refer to?
✔✔ Real estate brokerage refers to a business that facilitates real estate transactions by
connecting buyers and sellers.
What is equity in real estate?
✔✔ Equity is the difference between the market value of a property and the outstanding balance
on any mortgages.
What is a deed of trust?
✔✔ A deed of trust is a legal document that secures a loan by transferring property title to a
trustee until the loan is repaid.
3
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 $9.73. You're not tied to anything after your purchase.
