Real estate 306 Study guides, Class notes & Summaries

Real Estate 306 Exam 2; Questions and Answers 100% Correct The action of taking possession of a mortgaged property when the mortgagor fails to keep up their payments Correct answer-Foreclosure A claim or legal right against assets that are typically used as collateral to satisfy a debt Correct answer-Lien a non-binding financing commitment Correct answer-Term Sheet

developer's key objective - generate risk-adjusted returns that create value and are able to manage risk balance of land use - quiet enjoyment (private), eminent domain/takings/just compensation (public purpose), rights of police power, due process 5th, 5th, 10th, 14th amendments building codes - older than zoning; fire, sanitation and injury building shapes and sizes determined by - legally permissible, physically possible, market feasible cash flow drivers - revenue operating expenses...

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A document that shows where the funding for a commercial real estate project comes from and how that capital is used - Sources & uses A change in zoning from the current zoning on a specific parcel requiring municipal approvals - Rezoning A claim or legal right against assets that are typically used as collateral to satisfy a debt - Lien A collection of building and design requirements that architect includes with the construction drawings that becomes part of the construction contract - S...