Texas real estate finance Study guides, Class notes & Summaries

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Texas Real Estate Finance Final Ex 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 - ANSWERSB) 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) 2...

Which of the following is CHATTEL - Answer A. Detached garage B. Attached satellite dish owned by the seller. C. WASHER/DRYER - CORRECT D. In-ground pool Allows for unequal shares of ownership. - Answer A. TENANTS IN COMMON - CORRECT B. Joint Tenancy C. Tenancy by the entirety D. Freehold estates Defined as a social science that studies how individuals, governments, firms, and nations make choices on allocating scarce resources to satisfy their unlimited wants. - Answer A. Fin...

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 ...

RealestateU Texas Real Estate Finance Exam Questions and Complete Solutions Graded A+

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 - ANSWERSB) 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 - ANSWERSA) 1...

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