Proration - Study guides, Class notes & Summaries

Aceable Agent Principles of Real Estate 2 Key Terms Questions With Solutions 100% Correct Proration the allocation or distribution of an annual expense across smaller chunks of time. Appraisal the value of a property, based on factors determined by the opinion of a certified appraiser. General Data information about the area surrounding a property; this could include the city, region, and neighborhood in which the property is situated. Specific Data information regarding the proper...

Amortization - correct answer -The repayment of a loan principle over time Arrears - correct answer -Payment for an item or service after it's received Down Payment - correct answer -The initial payment made when buying something on credit, a ____________ is paid directly by the buyer to the seller Proration - correct answer -The allocation or distribution of an annual expense across smaller chunks of time Acreage - correct answer -A unit of measurement used to determine the size of lan...

Aceable Agent Principles of Real Estate 2 Questions With Solutions 100% Correct Amortization The repayment of a loan principle over time Arrears Payment for an item or service after it's received Down Payment The initial payment made when buying something on credit, a ____________ is paid directly by the buyer to the seller Proration The allocation or distribution of an annual expense across smaller chunks of time Acreage A unit of measurement used to determine the size of land; 1 a...

If the base side of a triangular plot measures 45' and the height line measures 12', what is the area of the plot in square feet?([b x h] x ½ = A) 270 square feet An applicant is allowed to use what electronic devices during the real estate exam? Handheld calculator Convert the following fraction to a decimal for ease of computation: 31/25 1.24 What is the general formula to determine Capital Gain? Profit from Sale - Base Value = Capital Gain A property owner borrows $490,000 at a 12% i...

Amortization - ANSWER repayment of a loan principal over time based on a predetermined schedule of payments Arrears - ANSWER payment for an item or service after it is received Proration - ANSWER the allocation or distribution of an annual expense across smaller chunks of time square footage - ANSWER Length x Width acreage - ANSWER 1 acre= 43,560 appraial - ANSWER the value of a property, based on factors determined by the opinion of a certified appraiser general data - A...

Amortization - ANSWERSThe repayment of a loan principle over time Arrears - ANSWERSPayment for an item or service after it's received Down Payment - ANSWERSThe initial payment made when buying something on credit, a ____________ is paid directly by the buyer to the seller Proration - ANSWERSThe allocation or distribution of an annual expense across smaller chunks of time Acreage - ANSWERSA unit of measurement used to determine the size of land; 1 acre = 43560 square feet Apprai...

Illinois State Test- Broker Exam Questions and Answers 100% Correct Illinois State Test- Broker Exam Questions and Answers 100% Correct Illinois State Test- Broker Exam Questions and Answers 100% Correct Illinois State Test- Broker Exam Questions and Answers 100% Correct Illinois State Test- Broker Exam Questions and Answers 100% Correct How far back does a typical title search in Illinois go? - ANSWER-40 Years Who is the recorder of deeds for the county in Illinois? - ANSWER-C...

Aceable Agent Principles of Real Estate 2 Question with complete solution 2023/2024Amortization - correct answer The repayment of a loan principle over time Arrears - correct answer Payment for an item or service after it's received Down Payment - correct answer The initial payment made when buying something on credit, a ____________ is paid directly by the buyer to the seller Proration - correct answer The allocation or distribution of an annual expense across smaller chunks o...

5% of 1,500 = The answer is 75. To determine a part of a whole, multiply the rate by the total. For example, 5% of 1,500 = 75 (0.05 × 1,500 = 75). This formula is used in calculating mortgage loan interest, brokers' commissions, loan origination fees, discount points, and income on investment property. Remember: MULTIPLY when PART is the UNKNOWN. In 2016, taxes on Don Mark's home were paid in full and amounted to $1,468. He sold the home to Chuck Harris and closed the sale on August 29, 2017...

AYPO Real Estate Principles Of Real Estate II Exam 2024 Questions and Correct Answers. If the base side of a triangular plot measures 45' and the height line measures 12', what is the area of the plot in square feet?([b x h] x ½ = A) - Answer- 270 square feet An applicant is allowed to use what electronic devices during the real estate exam? - Answer- Hand-held calculator Convert the following fraction to a decimal for ease of computation: 31/25 - Answer1.24 What is the general formula ...