Ree 3043 exam - Study guides, Class notes & Summaries

REE 3043 EXAM 1 QUESTIONS WITH REVIEWED ANSWERS Negative amortization - Answer-Occurs when the payment is not enough to even cover interest. Remaining interest is applied to principle causing loan balance to increase Mortgage payments - Answer-Cover PITI Principle, Interest, Taxes, insurance Interest payments - Answer-Cover the cost of using money for the past Market value - Answer-Probable selling price. You want this high Investment value - Answer-How much an investor finds the p...

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: - ACCURATE ANSWERby assumption. Which of these points in a mortgage loan would be addressed in the mortgage (possibly in the note as well)? - ACCURATE ANSWEREscrows The Real Estate Settlement Procedures Act does which of these: - ACCURATE ANSWERAll of these statements are correct. ( Requires that the borrower be able to inspect the c...

Economists suggest that the value of something results from its utility and: ️: D. Scarcity A branch of economics that extends the basic ideas of the early classical and neoclassical economists to better understand and predict how humans use space is termed: ️: C. Urban economics Formal arrangements and associations that members of society make to support fundamental economic and social activities are referred to, in the text, as: ️: B. institutions Marshall contended that in a p...

REE 3043 EXAM 1 FSU BAILEY 156 QUESTIONS & DEFINITIONS What is the single largest asset category in the portfolio of a typical U.S. household? Housing Consumer durables Stocks Bonds - Answer: housing Real estate markets differ from other asset classes by having all of the following characteristics except Local market High transaction costs Segmented market homogeneous product - Answer: homogeneous product

REE 3043 Exam 1 Quiz Questions And Answers 100% Pass When viewed as a tangible asset, real estate can be defined as the land and its permanent improvements. Improvements on the land include: A. Fences B. Streets C. Sewer systems D. Walkways - answerA. Fences Real estate is property, which can either be a tangible or intangible asset. Which of the following would be considered and intangible asset? A. Motor home B. Mortgage C. Land D. Building - answerB. Mortgage When the value of l...

REE 3043 Exam 1 Questions With Revised Answers Chapter 1: Real Estate Perspectives Scarcity - answerEconomists suggest that the value of something results from its utility and? a. usefulness b. demand c. price d. scarcity Urban economics - answerA branch of economics that extends the basic ideas of the early classical and neoclassical economists to better understand and predict how humans use space is termed? a. spatial economics b. city economics c. urban economics d. building eco...

REE 3043 Exam questions with 100% Correct answers

REE 3043 Exam 1 FSU W