Ree 3043 - Study guides, Class notes & Summaries

REE 3043 TEST 2 QUESTIONS WITH VERIFIED ANSWERS – UPDATED!!! Property taxes are the principal source of revenue for: - Answer-Local governments and school districts Zoning is an exercise of which type of general limitation on property rights? - Answer-zoning police Which of the following statements is (are) correct regarding the June 2005 ruling of the US Supreme Court on the Kelo vs. New London, Connecticut Eminent Domain Case. - Answer-all of these answers are correct The Federal g...

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REE 3043 Practice questions with answers

REE 3043 Exam 5 questions with verified answers

REE 3043 TEST QUESTIONS AND ANSWERS ALL CORRECT When existing loans are sold by originators to investors or from one investor to another, these transactions are the secondary mortgage market. - Answer Secondary mortgage market The value of money changes over time - Answer Time value of money Earning may not be there, could lose your principle, liquidity risk ( it is not easily converted into cash ) - Answer Financial risks Present value of your cash inflows minus the present valu...

When a buyer of a property with an existing mortgage loan acquires the property and signs the note for an existing loan, the buyer is acquiring the property: Correct Answer-by assumption. Which of these points in a mortgage loan would be addressed in the mortgage (possibly in the note as well)? Correct Answer-Escrows The Real Estate Settlement Procedures Act does which of these: Correct Answer-All of these statements are correct. ( Requires that the borrower be able to inspect the closing...

REE 3043 Exam 1 Questions and Answers All Correct List the four classes of real property: - Answer-1. Real estate held as a personal residence 2. Real estate held for sale to others - dealer property 3. Real estate held for use in a trade or business - trade or business property 4. Real estate held as an investment for the production of income - investment property A List the three types of income subject to federal taxation: - Answer-1.Active Income 2.Portfolio Income 3.Passive Inco...

REE 3043 Exam 3 questions with verified answers

REE 3043 EXAM 2 QUESTIONS WITH CERTIFIED ANSWERS T/F An investment philosophy outlines mainly whether the real estate investor will be an active or passive investor. - Answer-True T/F The rental rate specified in the lease contract is termed 'market rent'. - Answer-False T/F While income property markets are local, most income properties tend to be purchased by national investment companies, such as REITs. - Answer-False T/F The presentation of projected contract rents in the first ...