Apartment building - Study guides, Class notes & Summaries

PSI REAL ESTATE SALESPERSON EXAM 1 2023 ACTUAL UPDATE ALL DONE SOLUTION Which of the following would NOT be considered Real Property? The servient estate in an easement appurtenant is the property Which of the following statements concerning encumbrances is NOT true Which of the following is not a specific lien? You have entered into a lease that requires you to pay 20% of the owners expenses. Your lease would be an example of If a husband and wife own an apartment buil...

Asbestos Building Inspector Initial Exam Questions With Correct Verified Answers AHERA - ANSWER The Asbestos Hazard Emergency Response Act. 40 CFR Part 763, Subpart E. Started 1986 and requires that all schools, grades K-12 (non-profit), be inspected for the presence of ACBM (asbestos-containing building material). ACBM - ANSWER Asbestos Containing Building Material ASHARA - ANSWER The Asbestos School Hazard Abatement Reauthorization Act. Started 1990, effective Nov. 1992, requires...

IREM CPM Exam Questions with All Correct Answers The California Hills, a PUD outside of Riverside, Calif., has completed three off our phases of development. There are currently 65 owned units. The final phase of the development will build out 25 more units. What type of management would best serve this community? - ANSWER This community presents a complex management challenge that may best be met with full agency management services. If this CID is still under developer control they m...

Mainstreet Communities, LLC (Mainstreet) is a multi-family and mixeduse developer that creates apartment buildings. Some of its developments include live-work and commercial office spaces and some have retail stores and restaurants on the ground floor. Mainstreet is a privately held company. The owner, Jordan Amari, has asked that the development team repurpose the square footage in an existing building to include a climbing gym. The expense of this change cannot be justified economically ...

NYREI School Exam Questions and Answers Latest Version Graded A+ What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license What is the preferred method of creating an agency relationship? expressed agency An amenity purchaser occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. real / deed A salesperson who is an independent contractor is not subject to withholding r...

Accuplacer College-Level Math Questions with Rationale 2024 If a ≠ b and 1/x + 1/a = 1/b, then x = A. 1/b - 1/a B. b - a C. 1/ab D. a - b/ab E. ab/a - b E The graph of which of the following equations is a straight line parallel to the graph of y = 2x ? A. 4x - y = 4 B. 2x - 2y = 2 C. 2x - y = 4 D. 2x + y = 2 E. x - 2y = 4 C Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:12 / 0:15 Full screen An equation of th...

A 40 unit apartment building rented units for $300 per month. The annual gross rent multiplier was 10. What was the value? A. $120,000 B. $144,000 C. $1,200,000 D. $1,440,000 D. $1,440,000 40 x $300 per month x 12 months = annual rent of $144,000 x an annual multiplier of 10 = $1,440,000 A seller listed property for sale. There were a limited number of houses available in the area. There were also a great number of buyers interested in purchasing homes in that area. What would M...

Why do lenders collect reserve funds at the property closing? A) To get a higher yield in their investment B) To be sure money will be available for tax and insurance purposes C) To have extra money that will accrue interest D) To hedge against increases in taxes or insurance premiums - Answer- B) To be sure money will be available for tax and insurance payments The cost recovery period for land improvements is how long? A) 15 years B) 25 years C) 27.5 years D) 30 years - Answer- A)...

NYREI School Exam (question and answers 2023) graded A+What is the minimum licensing requirement to sell commercial real estate in New York? - correct answer a real estate salesperson's license What is the preferred method of creating an agency relationship? - correct answer expressed agency An amenity purchaser - correct answer occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - correct answer real / deed A salesperso...

The Mobile Home Endorsement of a Homeowners policy affords coverage to mobile homes under the? A. HO-1 (Basic Form) B. HO-2 (Broad Form) C. HO-3 (Special Form) D. HO-2 or HO-3 (Broad and Special) D. HO-2 or HO-3 (Broad and Special) All of the following are eligible for coverage under Homeowners policy except? A. A condominium unit owner. B. A farm owner. C. A mobile home owner. D. A tenant in an apartment building. B. A farm owner. The term Insured Location under Section ...