Chapter 1 ga real estate - Study guides, Class notes & Summaries

CHAPTER 3 Mortgage Loan Foundations: The Time Value of Money TRUE/FALSE 1. In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 2. One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 3. At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 4. The future value of $800 deposited ...

Property - ANSWER All property is divided into 2 categories Real Property and Personal Property Personal Property - ANSWER Chattels Real - Mobility Chattels Personal - ANSWER Such as cars, boats, furniture, clothes, stocks, money, tools etc are known as Chattels Real Real Estate - ANSWER Consists of land itself plus those things which are permanently attached to the land by man (such as buildings) or nature (such as trees). Bill of Sale - ANSWER Personal Property sold, ownership is t...

Chapter 3 – Conveying Real Property Interests Multiple Choice Questions [QUESTION] 1. A deed is a special form of written contract used to convey a permanent interest in real property. Unlike most contracts, a deed requires: A. both parties to be legally competent and of legal majority age. B. only the grantee to be legally competent and of legal majority age. C. only the grantor to be legally competent and of legal majority age. D. both parties to make promises to perform. Ans: C Diff...

GA REAL ESTATE TEST CHAPTER 3 QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. If there is no indication in the deed as to how co owners are taking title, the law presumes the parties intended to own property as - -tenants in common ownership of real estate for such things as schools, roads, parks and military installations - -public ownership A tenancy in common form of ownership entitles each co tenant to - -An equal interest in the land ownership by 1 person or a single entity - -several...

Real Estate Finance & Investments, 16e (Brueggeman) Chapter 4 Fixed Interest Rate Mortgage Loans 1) Inflation makes very little difference to lenders of and investors needing money. Answer: FALSE Difficulty: 1 Easy Topic: Mortgage characteristics Accessibility: Keyboard Navigation Gradable: automatic 2) Lenders and investors worry about default, interest rate, marketability, and liquidity risks. Answer: TRUE Difficulty: 1 Easy Topic: Mortgage characteristics Accessibi...