Form 1004 - Study guides, Class notes & Summaries

Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024 What does D.U.S.T. stand for? - answerDemand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - answerLoan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. - answerprinciple of contribution the forces acting on a parcel of land are always affecting the value of the land - answerPRIN...

What does D.U.S.T. stand for? Demand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance Loan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. principle of contribution the forces acting on a parcel of land are always affecting the value of the land PRINCIPLE OF CHANGE the legal use that gives the greatest return in money and/or amen...

NMLS SAFE EXAM QUESTIONS WITH SOLUTIONS What does TILA stand for? Truth-In-Lending Act, Regulation Z What is a HELOC loan? a secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? LTV stands for Loan to Value Define PMI and state what the acronym stands for. Private mortgage insurance- on conventional loans Define one time variable funding fee and people in what situations is it waived for? Dis...

Principles of Real Estate 2 Champion Questions and Correct Solutions 2024 An opinion of value - Answer -The appraised value of a property is: assessed value - Answer -the amount that your local government determines your property to be worth for tax purposes subject property - Answer -The property that is being appraised. ad valorem - Answer -according to value Principle of Conformity - Answer -Maximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (...

CESHOP Real Estate Appraisal Practice Tests Questions With Complete Solutions

Principles of Real Estate 2 Exam With 100% Correct Answers 2024 What helps overcome the difficulties of objectively estimating the value of properties? - answerAppraisals The approach used as the best indicator of value for existing properties - answerSales Comparison Refers to the loss in desirability of the style, layout, or function of an element of a property over time - answerFunctional obsolescence The price a willing seller will sell for, and the price a willing buyer will pay - a...

Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024 An opinion of value - answerThe appraised value of a property is: assessed value - answerthe amount that your local government determines your property to be worth for tax purposes subject property - answerThe property that is being appraised. ad valorem - answeraccording to value Principle of Conformity - answerMaximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (Uniform Sta...

Tier 1 testing = correct answers Length, loss, polarity O.L.T.S Tier 2 testing = correct answers Tier 1 testing plus O.T.D.R TIA-526-14 [OFSTP-7] = correct answers Singlemode TIA-526-14 [OFSTP-14] = correct answers Multimode Within the ITS industry a theoretical standard level ratio of measurement is 0 dBm = correct answers - 0 dBm = 1milliwatt [1mW] of power at a frequency of 1004 Hz across an impedance of 600 ohm - Where the dB is a ratio between two values, dBm is an actual measu...

Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024 An opinion of value - answerThe appraised value of a property is: assessed value - answerthe amount that your local government determines your property to be worth for tax purposes subject property - answerThe property that is being appraised. ad valorem - answeraccording to value Principle of Conformity - answerMaximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (Uniform Sta...

An opinion of value - ANSWER The appraised value of a property is: assessed value - ANSWER the amount that your local government determines your property to be worth for tax purposes subject property - ANSWER The property that is being appraised. ad valorem - ANSWER according to value Principle of Conformity - ANSWER Maximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (Uniform Standards of Professional Appraisal Practice) - ANSWER Standards ...