What is a reverse annuity - Study guides, Class notes & Summaries

: According to the common law of agency, a licensee has which of the following obligations to an individual that prefers to remain a customer rather than become a client? - HONESTY AND FAIR DEALING "Without both parties' written consent, the broker is prohibited from representing both a seller and a buyer in the same transaction," defines: - DUAL AGENCY A asked you to appraise their property. This property had no monthly income and had no comparables in the market. You would most likely...

§Perpetuity FORMULA - •PV = PMT/I §Sharpe Ratio FORMULA - •(Return - risk-free rate) / standard deviation §CAPM FORMULA - •ri = rRF + (rM - rRF)bi What is the time value of money? - The concept that money you have now is worth more than the identical sum in the future due to its potential earning capacity. §Why is inflation so important for cash flows? - Important for inflation, a dollar is worth more today than in the future due to interest rates increasing. HOW DOES COMPOUNDIN...

CRPC Practice Exam 2 Questions with Answers What is a deductible IRA? - Answer-A deductible IRA can lower your tax bill by allowing you to deduct your contributions on your tax return - you essentially get a refund on the taxes you paid earlier in the year. You fund a NON-deductible IRA with after-tax dollars What is a traditional IRA? - Answer-A traditional IRA lets you make tax-deductible contributions to a retirement account that grow tax-deferred until you're ready to start taking di...

ASREB Test Question Review 2024 Questions and Answers Graded A+ Within the Arizona Groundwater Code all of the following rights were created EXCEPT? - Correct Answer ️️ -Subdivision grandfather right What is required to give someone the right to sign your name? - Correct Answer ️️ - Power of Attorney The buyer has an investment that has a feature of "a pass through certificate" this investment is most likely a: - Correct Answer ️️ -Ginnie Mae Security When an occupant holds...

100 basis points equals - ️️1 % 100 Basis points equals - ️️1% a 10% stock dividend ... - ️️does not affect # of preferred shares A basis point is equal to - ️️1/100 of a percent a broker-dealer will adjust open order for all of the following, EXCEPT: - ️️Reverse stock splits A brokerage firm must send a copy of a new account form to its customers no later than - ️️30 days from the time the account is opened A constant dollar investment plan requires - ️️that th...

all else equal, a higher discount rate will... - DECREASE the PV of future cash flows the feasibility of new construction is dependent on the relationship btwn current property prices + cost of new construction. the supply of properties will increase if... - the current property values are greater than the cost of construction (all about profit @ the end of the day) what is the direct capitalization method anyway? - it's when the value estimates are based on a multiple of expected first ...

Comprehensive SIE Practice Exam - Complete Solutions (Answered) The primary purpose of a syndicate desk in the context of an equity offering is to: build an order book and allocate the stock Which of the following responses describes an advantage of index funds? Lower management fees due to passive management of the fund Which of the following comparisons best describes the essential difference between a primary distribution and a secondary distribution? A primary distribution involves a sale ...

REE 4202- Exam 2 Sirmans Questions And Revised Correct Answers Greg and Wanda Sandler purchased their home 35 years ago and it was paid off at the end of thirty years. In order to supplement their fixed income, the Sandlers receive monthly checks from their bank. Most likely, what did they get? - ANSWER : Reverse annuity mortgage What is one of the major objectives of professional property management? - ANSWER : Minimize expenses while maximizing profits for the owner. Glenna an...

OKLAHOMA REAL ESTATE EXAM STUDY SET |Graded A+| # LATEST UNILATERAL CONTRACT *Ans* WHAT TYPE OF CONTRACT IS A REAL ESTATE OPTION CONTRACT? SUBSTITUTION *Ans* DURING AN APPRAISAL OF A RESIDENTIAL PROPERTY AN APPRAISER ESTIMATES THE COST OF REBUILDING THE SUBJECT PROPERTY SO THAT IT IS IDENTICAL TO ITS CURRENT SIZE AND CONDITION IS AN EXAMPLE OF WHAT TYPE OF APPRAISAL PRINCIPLE? IN WRITING *Ans* ACCORDING TO THE STATUTE OF FRAUDS IN ORDER FOR A REAL ESTATE SALES CONTRACT TO BE ENFOR...

Why does money have time value? - ANSWER same reasons interest rates are greater than zero - Risk that one exposes themselves to when they save or invest - Inflationary Expectations because one must forecast when saving/investing - Opportunity Cost because when one saves/invests one delays current consumption - People have positive time preference for consumption—will delay consumption but only if they're compensated Simple Interest - ANSWER interest earned from initial investment - ...