Ree 3043 - Study guides, Class notes & Summaries

REE 3043 TEST 2 QUESTIONS WITH VERIFIED ANSWERS – UPDATED!!! Property taxes are the principal source of revenue for: - Answer-Local governments and school districts Zoning is an exercise of which type of general limitation on property rights? - Answer-zoning police Which of the following statements is (are) correct regarding the June 2005 ruling of the US Supreme Court on the Kelo vs. New London, Connecticut Eminent Domain Case. - Answer-all of these answers are correct The Federal g...

REE 3043 Practice questions with answers

REE 3043 Exam 5 questions with verified answers

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REE 3043 TEST QUESTIONS AND ANSWERS ALL CORRECT When existing loans are sold by originators to investors or from one investor to another, these transactions are the secondary mortgage market. - Answer Secondary mortgage market The value of money changes over time - Answer Time value of money Earning may not be there, could lose your principle, liquidity risk ( it is not easily converted into cash ) - Answer Financial risks Present value of your cash inflows minus the present valu...

When a buyer of a property with an existing mortgage loan acquires the property and signs the note for an existing loan, the buyer is acquiring the property: Correct Answer-by assumption. Which of these points in a mortgage loan would be addressed in the mortgage (possibly in the note as well)? Correct Answer-Escrows The Real Estate Settlement Procedures Act does which of these: Correct Answer-All of these statements are correct. ( Requires that the borrower be able to inspect the closing...

REE 3043 Exam 1 Questions and Answers All Correct List the four classes of real property: - Answer-1. Real estate held as a personal residence 2. Real estate held for sale to others - dealer property 3. Real estate held for use in a trade or business - trade or business property 4. Real estate held as an investment for the production of income - investment property A List the three types of income subject to federal taxation: - Answer-1.Active Income 2.Portfolio Income 3.Passive Inco...

REE 3043 Exam 3 questions with verified answers

REE 3043 EXAM 2 QUESTIONS WITH CERTIFIED ANSWERS T/F An investment philosophy outlines mainly whether the real estate investor will be an active or passive investor. - Answer-True T/F The rental rate specified in the lease contract is termed 'market rent'. - Answer-False T/F While income property markets are local, most income properties tend to be purchased by national investment companies, such as REITs. - Answer-False T/F The presentation of projected contract rents in the first ...