What does ad valorem mean - Study guides, Class notes & Summaries

ASREB School and State Test Review Q & A Rated Perfectly!! How are AZ property taxes charged? Ad Valorem What does Ad Valorem mean? Assessed Value How are Arizona Property Taxes paid? Levied once, Paid Twice When are AZ property Taxes Due? and Delinquent? Oct-Nov and March-May (O No More Money) Who do you pay the property taxes to? County Treasurer What is the penalty for AZ Property Tax Delinquency? 16% Property Tax Assessment Ratio Residential? 10% Property Tax Assessment Rati...

ASREB School and State Test Review Q & A Rated Perfectly!!

Texas Real Estate Salesperson Exam Practice Questions with Complete Solutions The fact that an individual must go to the land describes which of the characteristics of land? IMMOBILITY John and Mary are co-owners of a property. John has 60% interest in the property and Mary has a 40% interest. What type of freehold estate do they have? TENANCY IN COMMON A property is surveyed to determine a legal description. The surveyor works from a point of beginning, and measures terminal points and angle...

What effect does a command economy have on the process of globalization? correct answer: The government is less flexible, so the globalization process is stopped. Which core principle of the World Trade Organization supports equality among member nations and helps fight discrimination among them? correct answer: Most-favored-nation (MFN) status Countries A and B participate in trade agreements that allow free trade among participant countries. However, Country A imposed quotas on several...

Needs - correct answer Something essential to survival - food, water, warmth, clothing and shelter Wants - correct answer Something you would like to have, but is not essential to survival Resources - correct answer Something used to produce output Productivity - correct answer Output per worker per pe...

ASREB School and State Test Review ...

Real Estate Pre-License Exam – Hawaii Questions and Answers Already Graded A What is the definition of a Broker? A direct agent of the principal who is hired for compensation to perform a stated services such as procuring a customer. Define Brokerage. The business of procuring customers on behalf of clients for the purpose of completing a real estate transaction. What is Common Law? A body of law developed by court judgments, decrees, or case decisions. Define Property Management. The busin...

Steven put down $10,000 toward a property's purchase price, financed the rest, and now has a cash flow of $2,800 after repairs and debt service. What's his ROI? a 21% b 26% c 28% d 32% - c 28% Return on investment or ROI = cash flow ÷ cash investment. $2,800 ÷ $10,000 = 28%. What's a legal agreement or promise made between two parties? a. A consideration b. A covenant c. A handshake d. A negotiation - b. A covenant A legal agreement or promise made between two parties is a covena...

Colibri Real Estate Course Exam chapter 1 - 5 Exam Questions and Complete Solutions Fixture - Answer: What term describes a personal property item that has been converted to real property by attachment to real estate? Subsurface Rights - Answer: What rights apply to land beneath the surface of the real estate parcel extending from its surface boundaries downward to the center of the earth? Lateral Support - Answer: What refers to support provided by the adjacent property, such as a land...

Chapter 03 Business in a Borderless World True / False Questions 1. International business involves the buying, selling, and trading of goods and services across national boundaries. True False 2. Nations trade with other nations to obtain resources that would otherwise be unavailable to them. True False 3. Importing is the sale of goods and services to foreign markets. True False 4. When a nation imports more than it exports, it has a pos...