UGA REAL 4000 EXAM 4 Dietz | Latest Update | 2024/2025 | 100% Verified
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Course
UGA REAL 4000
Institution
UGA REAL 4000
UGA REAL 4000 EXAM 4 Dietz | Latest
Update | 2024/2025 | 100% Verified
What is a contingency clause in a real estate contract?
A contingency clause specifies conditions that must be met for the contract to be binding,
such as securing financing or completing a home inspection.
What does e...
UGA REAL 4000 EXAM 4 Dietz | Latest
Update | 2024/2025 | 100% Verified
What is a contingency clause in a real estate contract?
✔✔ A contingency clause specifies conditions that must be met for the contract to be binding,
such as securing financing or completing a home inspection.
What does earnest money signify in a real estate transaction?
✔✔ Earnest money is a deposit made by the buyer to demonstrate seriousness about purchasing
the property.
What is real estate syndication?
✔✔ Real estate syndication involves pooling funds from multiple investors to invest in larger
real estate projects or properties.
How does cash flow affect a real estate investment?
✔✔ Cash flow refers to the income generated from a property after deducting all operating
expenses, impacting the investment’s profitability.
1
,What is due diligence in a real estate transaction?
✔✔ Due diligence involves thorough investigation and research by the buyer to assess the
property's condition and legal status before finalizing the purchase.
What is the purpose of a broker's opinion of value?
✔✔ A broker’s opinion of value provides an estimate of a property’s worth based on the broker’s
knowledge and market conditions, but is not as formal as an appraisal.
What is tenant improvement allowance?
✔✔ A tenant improvement allowance is a sum of money provided by the landlord to the tenant
to customize or improve the leased space.
What is a listing agreement?
✔✔ A listing agreement is a contract between a property owner and a real estate agent granting
the agent the right to market and sell the property.
What does principal balance refer to in a mortgage?
✔✔ Principal balance refers to the remaining amount of the original loan amount that has not yet
been repaid.
2
, What is a deed in lieu of foreclosure?
✔✔ A deed in lieu of foreclosure is a legal agreement where the borrower voluntarily transfers
ownership of the property to the lender to avoid foreclosure.
What does 1031 exchange involve?
✔✔ A 1031 exchange allows investors to defer paying capital gains taxes by reinvesting the
proceeds from the sale of a property into a similar property.
What is adjusted basis in real estate?
✔✔ Adjusted basis is the original cost of a property plus improvements and minus any
depreciation or other deductions.
What is the significance of a certificate of occupancy?
✔✔ A certificate of occupancy is a document issued by a local government confirming that a
property complies with building codes and is suitable for occupancy.
What is capitalization rate used for in real estate?
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