Coop exam 1 - Study guides, Class notes & Summaries

Coop Exam 1 Questions & Answers 2023/2024 The broadly accepted definition of a cooperative is "a business owned and democratically controlled by the people who invest its services and whose benefits are derived and distributed equitably on the basis of investment." - ANSWER-False: there is no broadly accepted definition of a cooperative The document that defines a cooperative business operating within a state and establishes the firm/company as a legal entity is: - ANSWER-Articles of I...

Basic Appraisal Procedures Exam |Expect Questions and Answers (2024 / 2025) With Verified Answers 8 Steps in the Valuation Process 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 3 approaches (if applicable) 7) Reconcile the estimated values into the final opinion of value 8) Report the final opinion of value Defining the Problem: 6 Sub-steps within -...

Oregon Real Estate Exam Review questions and answers, 100% Accurate, rated A+/ The act of entering upon another person's real estate without authority or permission of the owner is called an encroachment. a trespass. an easement. a license. - -a trespass Which of the following best describes the physical boundaries of Land? a. The Surface of the earth and infinite space above the surface b. the center of the earth and infinite space above it c. The surface of the earth and mineral...

FL Community Association Management Exam Questions and Answers 100% Verified FL Community Association Management Exam Questions and Answers 100% Verified FL Community Association Management Exam Questions and Answers 100% Verified 4 Types of Community Associations - ANSWER-1. Condo - FS 718 2. Coop - FS 719 3. HOA - FS 720 4. Timeshare - FS 721 NOT Mobile Home 723 Which type of living condition is NOT a community association? - ANSWER-Mobile Home - FS 723 Documents i...

Basic Appraisal Procedures Final Exam with 100% Correct Answer. 8 Steps in the Valuation Process Correct Answer 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 3 approaches (if applicable) 7) Reconcile the estimated values into the final opinion of value 8) Report the final opinion of value Defining the Problem: 6 Sub-steps within Correct Answer ...

Basic Appraisal Procedures, Basic Appraisal Procedures Exam Questions and Answers 2024 8 Steps in the Valuation Process -Answer-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 3 approaches (if applicable) 7) Reconcile the estimated values into the final opinion of value 8) Report the final opinion of value Defining the Problem: 6 Sub-steps within -Ans...

Aceable Agent - Principles of Real Estate II Exam Notes 100% Verified TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - answerFormulas to calculate commission? PRINCIPAL - answerWhat is the term that describes the money that is lent? CASH TO CLOSE - answerDown payment minus earnest money? TOTAL SALES PRICE - answerLoan payment + loan principal? ORIGINATION POINTS - answerLoan points/fees charged 1% to compensate loan officers for underwriting and administering...

CT Real Estate Exam General: Property Ownership Rated A+ Survey location and dimension of property Real Property The house and land Personal Property everything but the house and land Improvement Addition to the property or land Vertical Land description Defining the Air rights Fixture once-moveable items attached to real property Trade fixture a fixture that is not attached to real property. Used in Commercial settings. EX: freezer at restaurent. Annexation Personal Property becoming Rea...

Aceable Agent - Principles of Real Estate II Exam Notes 100% Verified TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - answerFormulas to calculate commission? PRINCIPAL - answerWhat is the term that describes the money that is lent? CASH TO CLOSE - answerDown payment minus earnest money? TOTAL SALES PRICE - answerLoan payment + loan principal? ORIGINATION POINTS - answerLoan points/fees charged 1% to compensate loan officers for underwriting and administering...

Coop Exam 2 Questions & Answers 2023/2024 What is the disadvantage of providing benefits to members through favorable prices? - ANSWER-The manager may underestimate costs and be overly generous in prices resulting in a loss. Competitors may end up matching the prices so the cooperative actions will end up benefiting non-members as much as members What is a patronage refund? - ANSWER-A distribution of profits based which is in proportion to use or business volume On what basis can patr...