Azure tide 12 - Study guides, Class notes & Summaries

A contract for deed is also called a land contract. - ANSWER-True Florida is a title theory state. - ANSWER-False, Florida is a Lien Theory state When a buyer assumes an existing mortgage, a partial release will be issued which verifies the amount of the unpaid balance, interest rate, and date to which interest has been paid prior to the assignment. - ANSWER-False Hypothecation allows a person to live in a home that has been pledged as collateral. - ANSWER-True For every discount poi...

Azure Tide Real Estate Exam 2 Already Passed Gross Rental Multiplier (GRM) is an easy-to-use a calculation to get an estimated value for a potential investment. What is the formula used to calculate the GRM value? Sale Price (Market Value )/ Gross Monthly Rental Income = Gross Rent Multiplier (GRM) Jill bought a house 3 years ago and paid $175,000 for it and spent $7,000 in closing costs. Since, then she has made several improvements to the property for $75,000. Jills boss promoted her to VP o...