What is the rent p - Study guides, Class notes & Summaries

Legally enforceable terms that govern the use of real estate : Deed Restrictions The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. : Redlining Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piece of legislation, which prohibits discrimination in housing sales, rental...

Exam Simulator- Florida Life and Health State Exam Simulator Latest 2024 Graded A Which of the following statements about guaranteed renewable health insurance policy is correct? Premiums normally increase at the time of renewal. The issuer must provide a perspective buyer with an? Buyers guide and policy summary T would like to be assured $10,000 is available in 10 years to replace a roof on his house. What kind of $10,000 policy should T purchase? Ten-year Endowment According to the time p...

Allocates funds, develops regulations and procedures, contracts with PHAs to carry them out, and monitors PHA performance & compliance. : HUD The contract between a tenant and a landlord Includes: a. The names of the owner and tenant b. The address of the unit rented c. The term of the lease (initial and renewal terms) d. A specification of what utilities and appliances are to be supplied by the owner e. A specification of what utilities and appliances are to be supplied by the tenan...

At least that goes month to month is known as : an state from period to period Madison Davidson negotiate it for a $30,000 loan with $200 monthly payments, plus 9% interest. in this case what is the monthly interest in the first month : $225 1st you take $30000 in multiply it by 9% for the total annual interest paid or $2700. Divide that by 12 months for the total of $225 per month entries payment Typically a listing broker is usually considered to be? : a fiduciary (agent) of the sell...

What was the price per front foot for a 100' x 125' lot that sold for $125,000. (the first number is front foot) 1. $1,250 2. $1,000 3. $556 4. $10 - correct answer 1. $1,250 125,000÷100 = 1,250 If the bank makes 90% loan on a house valued at $88,500 how much additional cash is required as a down payment if the buyer has already paid $4,500 in earnest money 1. $3,500 2. $4,000 3. $4,350 4. $8,850 - correct answer 3. $4,350 P÷T×R 8,850÷88,500×90%-10% = $4,350 What did the selle...

Land value plus current construction costs minus depreciation : Cost Approach He can refuse to rent to the tenant because of the history of violence. : A landlord discovered that a potential tenant who applied for a unit has a history of alcoholism and violence. What should the landlord do? A person has AIDS : Under FHA, It is illegal to discriminate if A judgement against a borrower if the foreclosure sale does not bring enough to pay the balance owed : Deficiency Judgment Is used w...

An officer could not force a tenant to pay back rent because the payment of the rent is a civil issue. However, if the landlord were to lock the tenant out of his apartment (without proper court order) that would be a criminal law violation which the officer could enforce : Civil Law A store owner failed to alert customers to a hazardous situation, such as wet floor, resulting in an injured customer. The store owner's failure to act could lead to a civil action. : Tort by omission T...

2-20 Florida Insurance Exam Questions and Answers 100% Pass Pure Risk - Correct Answer ️️ -a situation that presents the opportunity for loss, but no opportunity for gain. due to physical damage or bodily injury. Ex. Fire Loss- not anticipated but poss. Speculative Risk - Correct Answer ️️ -We speculate or have uncertainty about an event under consideration that could produce either profit or loss. Ex. Lottery or Betting Policy - Correct Answer ️️ -Written contract or agreem...

What are the three Accounting periods? : -Calendar yr. -Fiscal year (Ending last day of the month, other than December) -52/53 week What is the method for recognizing income under the accrual method? : All events have occurred and in reasonable amount. When is the all events test met, assuming it can be reasonably determined? : On the earliest of: -Payment for task due from customer -Business receives payment -When completing task required to earn income Businesses must recognize prep...

Legal descriptions using the government survey system are NOT generally used in o :## the original 13 states. A homeowner is willing to let his neighbor park an RV in his backyard. He does NOT want to make the permission permanent in case he dislikes others who might move next door in the future. What should he give his neighbor? o :## A license. A legal easement can be created by any of the following EXCEPT o :## merger of the titles. An owner hired a construction company to build a s...