Real estate mathematics - Study guides, Class notes & Summaries

Residential Sales Comparison and Income Approaches Exam - Spring 2024, Answered A mortgage with equal payments for each period over the length of the loan is called a __________ loan. Standardized Equal rate Graduated payment Fixed rate The first step in the Sales comparison approach procedure is to research the market The COMPETENCY RULE of USPAP says an appraiser must have "the _______________________ to complete the assignment competently." Knowledge and experience The Sales Comparison Ap...

INTRODUCTION TO REAL ESTATE 2 2 PART I: LEGAL DESCRIPTIONS, METHODS OF ACQUIRING TITLE, AND DEEDS 20 PART II: ESTATES AND METHODS OF HOLDING TITLE 53 3 ENCUMBRANCES, LIENS, AND HOMESTEADS 70 4 REAL ESTATE AGENCY 94 5 REAL ESTATE CONTRACTS AND MANDATED DISCLOSURES 120 6 PRACTICAL REAL ESTATE MATHEMATICS 166 7 INTRODUCTION TO REAL ESTATE FINANCE 194 8 PART I: REAL ESTATE LENDERS 224 PART II: FHA, VA, AND CAL-VET LOANS AND THE SECONDARY MORTGAGE MARKET 241 9 REAL ESTATE APPRAISAL 262 1...

FINC 409 Ch. 1 Exam Guide Questions Correctly Answered. Finance - CORRECT ANSWER the study of how individuals, institutions, governments, and businesses acquire, spend and manage money and other financial assets Financial Environment - CORRECT ANSWER financial system, institutions or intermediaries, financial markets, business firms, individuals, and global interactions that contribute to an efficiently operating economy Financial Institutions - CORRECT ANSWER organizations or interme...

NJ Real Estate Exam Key Terms Real Estate Calculations Mathematics Question and answers correctly solved 2023/2024 100% - correct answer One whole unit (100 parts that make up a unit) 50% - correct answer 50 parts of the possible 100 parts that make up a whole unit Percentages greater than 100% (ex: 112%) - correct answer Contain more than one unit; 112% is one whole unit and 12 parts of another whole unit True or false: A percentage does not have to be converted when completing real ...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Process (ch.1)...

Appraisal Institute Basic Appraisal Principles Appraisal (ch.1) - ANS the act or process of developing an opinion of value What types of assignments use appraisals? (ch.1) - ANS Transfer of ownership Financing and credit Litigation Tax matters Investment Decisions The valuation process (ch.1) - ANS a systematic procedure that an appraiser employs to provide the answer to a client's question about the value of real property Steps of the Valuation Proce...

Career Opportunities - Answer residential brokerage, commercial brokerage, industrial brokerage, farm brokerage, property management, rental listing service, real estate appraising, government service, land development, urban planning, mortgage financing, securities and syndications, consulting, title insurance, research and education, full time investor. Residential Brokerage - Answer Commercial Brokerage - Answer -specialize in income producing properties such as apartment and office bu...

Humber Real Estate - Course 2, Module 16, Welcome to Completing a Residential Agreement of Purchase and Sale Including Terms for a Buyer of Seller Rated A What 4 steps should you use to prepare an Offer Plan? Step 1. Summarize the offer mathematics (use the SAD formula to calculate the balance due on closing) Step 2. Identify the required dates (offer date, irrevocable date, requisition date, closing date) Step 3. List the required information to be included on a schedule (Schedule A is part o...

NJ Real Estate Exam Key Terms Real Estate Calculations Mathematics

Career Opportunities - Answer-residential brokerage, commercial brokerage, industrial brokerage, farm brokerage, property management, rental listing service, real estate appraising, government service, land development, urban planning, mortgage financing, securities and syndications, consulting, title insurance, research and education, full time investor. Residential Brokerage - Answer- Commercial Brokerage - Answer--specialize in income producing properties such as apartment and office bu...