Market for loa - Study guides, Class notes & Summaries

Loss of value due to lack of modernization is called: -:- Functional obsolescence The __________ is considered the most reliable approach to value because it is based on verifiable market events. -:- Sales comparison approach A loss in a property's value due to daily wear and tear is an example of _______ -:- Physical deterioration The appraiser will use the cost approach to value: -:- A unique building A real property appraisal will contain an analysis of the each of the followin...

Investment SAE Review Study Exam Questions & Answers. Which organization is responsible for reviewing site plans for new developments? - CORRECT ANSWER The local planning board or department reviews site plans to determine the proposed development's impact on the community—physical, social, and economic. An LOA of 10% means that assessments are _________. - CORRECT ANSWER At 10% of value. This simply means the property's level of assessment (LOA) is 10% of value. Gabi's been rese...

Principles of Real Estate 2 Champion Questions and Correct Solutions 2024 An opinion of value - Answer -The appraised value of a property is: assessed value - Answer -the amount that your local government determines your property to be worth for tax purposes subject property - Answer -The property that is being appraised. ad valorem - Answer -according to value Principle of Conformity - Answer -Maximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (...

checking account Ans: transfer money to others by use of checks or electronic payments, access money directly by use of debit card, make deposits to and withdrawals from the account savings account Ans: allow deposits and withdrawals within limits, limit access to funds by check, help users earn interest on money kept in the account Certificate of Deposit (CD) Ans: holds money for a set amount of time, earns higher rate of interest than savings accounts money market account Ans: req...

GVPT 200 Midterm 1 Latest 2023 Graded A State A territory that has some sort of central government. States are sovereign, meaning the central government can do/ make laws as they please in the boundaries of those states. Ex: United States, India, Pakistan. Nation A group of people that share some sort of common history, ethnicity; Ex. United States, India, Germany; lots of people from different backgrounds. Nation-State The idea that a group of people who have a common identity, or share a sen...

Walmart Final Test Questions and Answers 100% Pass Who is currently in the workday population? Sam's Club, Walmart Canada, Home Office, Walmart Field Management, Salaried H&W, and E-commerce Which personal data changes require supporting documentation? DOB, SSN, & SIN List 3 supporting documents accepted when submitting a DOB data change Driver's License, Birth Certificate, and Social Security Card What does JM & PM stand for? Job Management and Position Management What type of positio...

Which class of office building is aimed at tenants requiring functional space at below-average rents for the area? - Class C Class C office buildings command below-average rates for the area. They're functional, but not prestigious. With a triple net lease, the tenant pays separately from the base rent. - Taxes, insurance, and maintenance When two very similar properties are for sale in the same neighborhood, which one will sell first according to the principle of substitution? - The lower p...

NMLS SAFE EXAM QUESTIONS AND ANSWERS 100% PASS Primary Mortgage Market - Correct Answer️️ -Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan - Correct Answer️️ - When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rate maximum the rate can decrease over the life of t...

NY Real Estate Exam questions and answers latest top score. According to the New York State real property law, a real estate salespersons license is issued for a term of how many years? - correct answers.2 years 2. What type of residential real property transfer would require a property condition disclosure statement? - correct answers.Newly constructed property that has not been previously inhabited 3. What happens to the licenses of salesperson's if they're spo...

Microeconomics Prep Questions Midterm Chapters 1-5 When a market is in equilibrium, a) total surplus is maximized b) consumer surplus is minimized c) producer surplus is minimized d) all of these are true After getting a raise at work, Jennie now regularly buys steak instead of hamburger. Based on this behavior we can assume: a) steak is a normal good, and hamburger is an inferior good for Jennie b) steak and hamburger are complementary goods to Jennie c) steak is an inferior good, and ...