Uga real 4000 - Study guides, Class notes & Summaries

REAL 4000 UGA TEST 3 QUESTIONS AND ANSWERS | LATEST UPDATE | 2024/2025 | GRADED A+ What is a contingent offer in real estate? A contingent offer is an offer to purchase a property that is dependent on certain conditions being met, such as securing financing or passing an inspection. What is principal in the context of a mortgage? Principal refers to the original amount of the loan that needs to be repaid, excluding interest. What is net operating income (NOI)? Net operating i...

REAL 4000 Test 1 - UGA Dr. Martin Questions and Answers | Latest Update | 2024/2025 | 100% Pass What is the definition of risk in the context of risk management? Risk is the potential for loss or harm resulting from exposure to uncertainties or hazards. How does the concept of risk tolerance influence decision-making in risk management? Risk tolerance determines the level of risk an individual or organization is willing to accept while making decisions or pursuing objectives. W...

REAL 4000 Test 2 - UGA Dr. Martin Questions and Answers | Latest Update | 2024/2025 | 100% Verified What is a real estate appraisal? A real estate appraisal is an assessment of a property’s market value conducted by a licensed appraiser. What is property deed? A property deed is a legal document that transfers ownership of real estate from one party to another. What does loan-to-value ratio mean? The loan-to-value ratio is the percentage of a property's value that is co...

REAL 4000 UGA Test 2 Questions and Answers | Latest Update | 2024/2025 | 100% Verified What is the difference between a fixed-rate mortgage and an adjustable-rate mortgage? A fixed-rate mortgage has a constant interest rate throughout the term of the loan, while an adjustable-rate mortgage has an interest rate that can change periodically. What is a short sale in real estate? A short sale occurs when a property is sold for less than the amount owed on the mortgage, with the len...

Recourses of foreclosure - borrower can come back through - equity of redemption -statutory The possibility that the actual outcome will vary from what was expected when the asset was purchased. - Risk fixed amount of money paid or received at the end of every period - Ordinary annuity future cash inflow or outflow occurring only once - lump sum payment What are the four time Value of money operations - Compounding Operations 1. Future value of a lump sum 2. Future value of an annuity ...

clustering - examples: apparel stores in a mall or any business where customers like to comparison-shop raw land - land that does NOT include structures or any improvements role of government in real estate - - local govt has the most influence - state govt has the least effect - national govt also has significant impact how is the term "real estate" used? - 1. used to identify tangible assets of land/buildings 2. used to denote the bundle of rights associated w/ ownership of assets 3....

3 phases of 2007 collapse - 1. mortgage 2. financial crisis 3. recession 1. identify the tangible assets of land and buildings 2. denote the bundle of rights associated with the ownership of property 3. activities related to the acquisition, operation, disposition of physical assets - 3 ways to describe "Real Estate" poorly built real estate and the effects of decisions in real estate last a long time - durability real estate gets added to the market in relatively large chunks, hard to...

Mortgage bankers are highly leveraged - Very sensitive to disruptions in the loan making and selling pipeline and can fail in days Alt-A loans - Conventional loans with less stringent underwriting requirements higher LVT lower credit scores reduced documentation of income or assets Somewhere in between conventional and subprime in terms of quality. Commercial banks - Depository lenders that typically made business-related real estate loans and only home loans for business clients. They ...