Rental property - Study guides, Class notes & Summaries

under an FP-7955 policy, deductibles apply to which of the following types of losses. - Answer- B. Fire department service charges in the FP-7955 policy, Coverage C consists of three coverages: 1. Additional Living Expense, 2. Fair Rental Value and 3. Property Removed. True or False? - Answer- B. False Jennifer Marco has a FP-7955 policy with coverage B limit of $75,000, a $500 deductible and no option AI, ID, FA, or JF. Which of the following statements is true concerning her personal pro...

When is a new Property Manager required to complete their required CE hours by? - Answer-Oct 31st / 2nd renewal date When a property manager decides to not offer their services predominately in a Jewish area of town, this illegal practice is called ? - Answer-Redlining Management personnel who reside at the property are called ? - Answer-Site Managers When is the move-in condition report NOT required ? - Answer-When there is no security deposit collected law 70-25-206 How long after havi...

Potential Gross Income - ️️Annual gross income Market rent - ️️The rental income a property would most probably command in the open market Balance - ️️The principle that real property value is created and sustained when contrasting, opposing, or interacting elements are in a state of equilibrium. (Value is maximized when the 4 agents of production are in their proper allocation.) Conformity - ️️States that overall,the prices of an area will be maximized if structures are...

Rental Property Management Comprehensive Licensing Test (2024) || With 100% Correct Solutions Rental Property Management Comprehensive Licensing Test (2024) || With 100% Correct Solutions 1. Which of the following statements respecting aspects of the British Columbia civil court system would be considered accurate? A. The next step for a disappointed litigant in a small claims dispute would be to appeal the small claims court decision to the BC Court of Appeal. B. A matter brought before ...

WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." An appra...

This document contains workings, explanations and solutions to the LAH3701 Assignment 1 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4...... Question 1 [LAND ISSUES AND PRINCIPLES] Complete the following sentences by filling in the missing words: a) _________________ is a form of land tenure that is not of a permanent nature and whereby land is occupied in terms of a contract of lease. [1] b) ____________________ entailed the occupation of property for a...

TAX3701 Assignment 2 (COMPLETE ANSWERS) Semester 2 2023 - DUE 18 September 2023 100% TRUSTED workings, explanations and solutions. Whatsapp 067 171 1739 for assistance.......................... ..... QUESTION 1 (40 Marks) Tirisano (Pty) Ltd (“Tirisano”) is a South African resident company that specialises in the production of aluminium. The aluminium is sold mainly to aluminium window and door frame manufacturers as well other aluminium products manufacturers. The company is registered as ...

CCIM 101 - Financial Analysis UPDATED Exam Questions and CORRECT Answers What are the four basic components of NOI? - Correct ANSWER- 1 - Potential rental income (PRI) 2 - Vacancy and credit losses 3 - Other income 4 - Operating expenses [XXXX] is used to determine a property's PRI (Potential Rental Income.) - Correct ANSWERLease analysis PRI equals NOI in what property/tenant scenario? - Correct ANSWER- If the property has one tenant with a long-term absolute NNN lease

LML4804 Assignment 3 Semester 2 2024 | Due 25 September 2024. All questions answered.  Question 1 (CAPITAL GAINS TAX) Ms. Kru, a South African resident worked for O Insure (Pty) Ltd (“O Insure”) as a specialist for 15 years. As a result of the Covid-19 pandemic that hit the world, O Insure decided to retrench her team including Ms. Kru. She was given a severance package of R5 million. Ms. Kru is married in community of property to Lolo and they stay in Blue Halley, Pretoria They bo...

GEO 793- Geography of Toronto - Final Exam with 100% Correct Answers Gentrification: - answerA process of converting an urban neighborhood from a predominantly low-income renter-occupied area to a predominantly middle-class/higher owner- occupied area. Pros of Gentrification: - answer1) A more esthetically appealing neighborhood 2) Increased public safety 3) Increasing land values 4) Decreased crime rates 5) Decreasing urban sprawl 6) Increasing options for food, retail outlets, and jo...