Residential building code - Study guides, Class notes & Summaries

Steven put down $10,000 toward a property's purchase price, financed the rest, and now has a cash flow of $2,800 after repairs and debt service. What's his ROI? a 21% b 26% c 28% d 32% - c 28% Return on investment or ROI = cash flow ÷ cash investment. $2,800 ÷ $10,000 = 28%. What's a legal agreement or promise made between two parties? a. A consideration b. A covenant c. A handshake d. A negotiation - b. A covenant A legal agreement or promise made between two parties is a cove...

FDNYC G60 Practice Exam|Questions and Answers| 100% Correct| Latest 2023|Download to Ace your FDNYC G60 exam All torch operators, an oxigen-fuel torch using any amount of oxigen and flamable gas and fire guards must have a current Certificate of Fitness The Certificate of Fitness holder must regulate the pressure and flow of oxygen and natural gas to each torch. if the torch operator for jewelry manufacture involves any oxygen with any fuel gas containers, the operator must be a C of F h...

Gold Coast Real Estate Final Exam Questions and Answers Latest Update 2024 (Graded) Real Estate Brokerage (Ch. 1) - Answer- A business in which real estate-related activities are performed under the authority of a licensed real estate broker Farming (Ch. 1) - Answer- concentrating on one type or style of property in one particular area of neighborhood Property Transfer, Valuation & Marketing (Ch. 1) - Answer- areas of expert knowledge that are required for all real estate licensees Residen...

Virginia Contractor's Exam Questions and Answers 100% Pass What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? $500 fine per day for each day of violation plus penalties for a misdemeanor. What is the PRIMARY purpose of licensing? Protect the health and welfare of the public. The application for licensure MUST include the business address of the proposed designated employee. All of the following must be licensed EXCEPT a materia...

Certificate of Fitness for Citywide Sprinkler Systems (S-12) S-12 CITYWIDE SPRINKLER SYSTEMS, S12 sprinkler test Spring 2023. THE __________ IS RESPONSIBLE TO MAINTAIN SPRINKLER SYS. AND TO DETERMINE QUALIFICATIONS. RECORDS OF ALL INSPECTIONS AND MX SHALL BE MAINTAINED ON PREMISES FOR A MIN. OF __________ YEARS. THE BUILDING OWNER SHALL ASSIGN A(N) ____________ TO COMPLY WITH REQUIREMENTS. REGULAR MX AND MINOR REPAIRS NOT AFFECTING MORE THAN ________ FLOOR(S) ARE CONSIDERED PLANN...

Gold Coast 45 Hour Exam Questions (exam version H 2023) Answer Key at the end Gold Coast 45 Hour Exam Questions (exam version H 2023) Answer Key at the end Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? CAM What term is used for the practice of specializing in one particular residential neighborhood or type of property? Farming upon closing a sales transaction who pays the sales associate their ...

Valuation process A systematic procedure used in the valuation of real property. Steps: 1: Define the problem 2:Determine scope of work 3:Gather, record, and verify the data 4:Determine the highest and best use 5:Estimate the land value 6:Estimate value by each of the three approaches (if applicable) 7:Reconcile the estimated values into the final opinion of value 8:Report the final opinion of value Client The party or parties who engage, by employment or contra...

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the indi...

Michigan Builders License - All questions for the 60 Course Questions with correct Answers A layer of new wood on a tree just under the bark is called __________. · Xylem · Sap · Cambium · Phloem Cambium The Department and the __________ may remove a limitation. Hearing Examiner Director Board Commission Board A salesperson shall turn over money for a sale to their licensed builder Immediately Within 10 days Within 48 hours Anytime ...

FDNYC G60 Practice Exam Questions and Answers 100% Pass All torch operators, an oxigen-fuel torch using any amount of oxigen and flamable gas and fire guards must have a current Certificate of Fitness The Certificate of Fitness holder must regulate the pressure and flow of oxygen and natural gas to each torch. if the torch operator for jewelry manufacture involves any oxygen with any fuel gas containers, the operator must be a C of F holder. A Certificate of Fitness Holder must ke...