Gold coast chapter 1 - Study guides, Class notes & Summaries

Gold coast chapter 15 questions with 100% Which of the following best describes the free enterprise system? A. A market system B. Centralized system c. Socialist system d. Communist system A. A market system All of the following statements apply to the real estate market, except: a. Situs value is value resulting from location B. Real estate is immobile C. Each parcel of real estate is unique D. The real estate market is national in nature D. The real estate market is national in nat...

Gold coast chapter 16 questions with correct answers graded A+ 2024/2025 What type of value does an appraiser most commonly estimate? A. Book B. Market C. Insurable d. Condemnation B. Market how is investment value best defined? A. The value of an individual B. The highest price a property would sell for in an open market C. The value based on the use of the property D. The minimum value of a business opportunity A. The value of an individual which of the following conditi...

Gold Coast chapter 13 The FHA does not make loans, instead It insures loans made by approved local lenders Limits the maximum FHA insured mortgage loan amounts HUD maximum loan amount FHA Insured mortgage loans must provide the borrower with the right of __________ without penalty prepayment Guarantees permanent long term mortgage loans that are originated by VA approved lenders for owner occupied residences, including condominiums and mobile homes that meet va standards ...

Real Estate Gold Coast Chapter 1-5 Complete Questions with 100% correct Answers Licensees have to be experts in all the following? Marketing, Valuation, Property Transfer What is farming? When licensees concentrate on ONE type, style of property or particular neighborhood In a business brokerage, what is the "going concern value" ? (COMBINED ASSETS OF A BUSINESS) value of the business, which includes income, intangible vs tangible, goodwill and value of real property I...

Gold Coast Chapter 1 Rated A Absentee Owner ️Owners who buy income property as investments and depend on professionals to manage them. (page 4) Appraisal ️An act of assessing an opinion of value on real property. (page 5) Appraiser ️A practitioner who has the knowledge and expertise necessary to estimate the value of an asset. (page 5) Broker Price Opinion (BPO) ️Helps determine the selling price of the property in a short sale transaction since the licensee typically has k...

Gold coast chapter 12 questions with correct answers 2024/2025 the instrument that contains the amount of the loan, interest rate, payment provisions, and other terms of the loan is the blank - correct answer Promissory note A mortgage is a blank - correct answer Pledge of security the clause in a mortgage that protects the borrowers interest and requires the lender to acknowledge performance by the borrower is the blank clause - correct answer Defeasance The clause that allows a par...

Gold coast chapter 10 correctly answered 2024/2025 which of the following best describes a contract for sale that contains a street address instead of a legal description? A. it is not valid under the statute of frauds b. It is valid only if witnessed c. It is valid, but may lead to Future dispute D. It is a violation of the code of ethics - correct answer C. It is valid, but may lead to a future dispute Which method of legal description uses compass bearings to indicate the directio...

Gold coast Chapter 18 questions and answers already passed to which organization is real estate tax most important? A. The federal government b. The state government c. At the local government D. Local nonprofit C. At the local government What does the country property appraiser determined? A. Tax rate B. Market value C. Assessed value D. Just value C. Assessed value which of the following statements best describes the green belt laws? A. They limit the accessed value on agricultural lan...

Gold Coast Chapter 1:questions with correct answers graded A+Some economists estimate that close to (blank) of the country's gross domestic product (GDP) is related to the real estate industry. - correct answer 1/3 What is a brokerage? - correct answer A brokerage is a business in which real estate-related activities are performed under the authority of a licensed real estate broker. Licensees are expected to have expert knowledge in the following areas: - correct answer Property trans...

Gold Coast Chapter 17 Questions and Answers 100% Pass Why is the process of real estate investment analysis important to an investor? A. It helps the investor to select properties that meet personal objectives B. It determines the amount of taxes due on income-producing property C. It determines the exact cash flow from an investment property D. It makes possible the best use for a property based on zoning A. It helps the investor to select properties that meet personal objectives fixed expe...