7 days ago . 11/29/2020 Real Estate Analysis UNF Morris Exam 1 Flashcards - Also, Ms. Lawrence can receive a 10.50% rate of return by investing the sales proceeds today in a different project. Quickly memorize the terms, phrases and much more. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Real Estate Fundamentals (75 cards) 2021-04 … What is the annual Net Operating Income. Mr. Magoo (the tenant) signs a triple net lease. Write. A historical summary of the publicly recorded documents that affect the ownership of a property is know as a(n): Which type of deed offers a new property owner the most protection, If a lender is to repossess or bring about the sale of a property if the borrower defaults on. Upgrade to remove ads. STUDY. Gravity. If the property is expected to be sold in year 10. Terms in this set (13) What is Appurtenances? Taxable associations 4. The word improvement refers to:... street…. Created by. 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I…, A written agreement between the owner and a purchaser for the…, Generally, those parts of the condominium or apartment buildin…, a body of permeable rock that can contain or transmit groundwa…, an area of land divided into plots for sale, recognize or treat (someone or something) as different, I,II, and III (I. an expressed contract, II. At an annual interest rate of 6.2%, 15 year amortization, what is his monthly debt service? Using the rent data in the previous question, what is the effective annual rent if the discount rate is 14%? NC Real Estate Principles & Practices Flashcard Maker: Dan Fuhrman. Start studying Real Estate EXAM PREP. Upgrade to remove ads. Real Estate Contracts Flashcards Quizlet (4 days ago) A contract between a buyer (as principal) and a real estate broker (as agent) by which the broker is employed by the buyer to find a property for the buyer, on the buyer's terms, for which service the buyer agrees to … PREP FOR R. E. EXAM (16 cards) 2020-02-11 26 . Spell. Real Estate - Financing In MD. PLAY. Ms. McAfee has borrowed $390,000 with a 15 year, 40% annual interest rate. In Stock. If she can mortgage the property at an interest rate of 8.25%, will she have positive or negative leverage? He has talked with several lenders and determined that the best annual interest rate he can get is 4.75%. The initial terms for the $600,000 loans are: 30 year amortization, monthly payments, 4.00% annual interest rate for 2 years, 2%/6% The outstanding balance for the loan after 24 months will be: Mr. Johnson borrows $200,000 using an ARM with initial terms of: 20 years amortization, monthly payments of $1,973.64, 5.00% annual interest rate for three years When the interest rate is reset after 36 months to 5.70%, what will be his new monthly payment? shxwnjr. The balance on the current loan is $7,200,000. real estate. Mr. Reed makes his loan payments on time but fails to pay the property taxes. What are the total expenses paid by the landlord and tenant respectively? Start studying real estate NJ exam. 47 people watched. $17.99. amylynn327. Real Estate Agent License Practice Test (2020 Current) Houses (6 days ago) Generally, you can expect that your state real estate agent license exam will consist of 80-100 multiple-choice questions about general real estate concepts and 60-80 questions specific to state licensing laws. Learn. Mr. Bellarosa is offered an interest rate of 4.70% for 30 years but he is considering paying two points to "buy down" the rate to 4.20%. a loan in which the periodic payments do not fully amortize the loan, so that the final payment is a substantially larger than amiunt of the periodic payments that must be made to satisfy the debt. What term best describes a person who owns a property and is conveying title to the property to another person. play. Paperback. STUDY. In Stock. Florida Real Estate Class Final Exam Flashcards Quizlet. "REITs are REITs" Equity Reit real estate investment trust that owns and operates income-producing real property. a contract for fo…. flashcards. Home Browse. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Mr. Shelton has an income producing property that produces $120,000 in after tax cash flow. Description Date Stars Real Estate Terminology (86 cards) 2021-04-19 79 . Free Flashcards for the Real Estate License Exam. Learn. Mr. Haggard and Mr. Jones form a limited liability partnership to purchase real estate in downtown Spartanburg that they will lease to a new restaurant and bar operated by Mr. Keith. 4.4 out of 5 stars 211. Learn vocabulary, terms, and more with flashcards, games, and other study tools. A residential appraisal includes the following two methods to calculate the value: Cost and sales comparison (market) approaches. John A. Yoegel. At Union Test Prep, we are a small team dedicated to bringing the best test-prep material to you, free of cost. Write. Home Browse. An association of members of the real estate industry, principally real estate agents and brokers. Test. Study Real Estate Principles more efficiently than ever before, from your iPhone, Android, or computer! Houses (8 days ago) Real Estate Chapter 9 Flashcards Quizlet. An amortized loan payment will always result in a lower debt coverage ratio than an interest-only loan with the same interest rate. Flashcards. Right to control the property (within law)…, A property burdened... by a license or... easement, The property... benefitting from an... easement on a servient... teneme…, The personal,... unassignable right... held by an individual... to the…, The right to enter and... use property when... the specific activity…, Five People hold undivided interest as tenants in common. Log in Sign up. What is the maximum he can borrow using a 30 year amortization? Support us and begin preparing Ad-free for your tests with Union Test Prep. Mr. Shelton also expects to sell the property one year later and recoup the $300,000 renovation cost. Created by. An example of when seller financing may be preferable to third party (bank) financing is: The seller offers a competitive interest rate to the buyer along with a lower down payment requirement. Home Browse. After making payments for 49 months, the partnership refinances the outstanding balance plus closing costs of $3,500 at a new rate of 5.10% for 16 years. A quitclaim deed can be described as follows: A deed that simply coveys to the grantee the rights, interests, and title of the grantor. Create. The discount rate establishes the minimum return that an investor is willing to accept when evaluating the potential purchase of an income-producing property. gravity. Upgrade to remove ads. Support Union Test Prep. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The monthly payments will be: Ms. Garcia makes a down payment of 25% on the $280,000 home she is purchasing. Real Estate License Exams For Dummies with Online Practice Tests. test. Cooperation, LCC, Partnership- entity... 3. A ____ lease is one in which the tenant only pays rent, and the owner of the property pays the operating expenses and provides all services. Taxablr joint ventures, joint accounts or consortia 5. Learn. Start studying Real Estate Principles. Match. write. krupp2020. This is an example of an: A ____ estate represents the most complete form of ownership of real estate; the owner is free to divide it up into lesser estates and sell, lease, or borrow against them as he or she wishes. Created by. Gravity. Search. If one of the terms of an ARM read, interest is capped at 2%/5%, what would that mean? What is his return on the renovation? Most states administer the tests in two parts, and require that the candidate pass both. A building owner charges net rent of $22 in the first year, $23 in the second year, and $24 in the third year. NC Real Estate Principles & Practices. Paperback. The adjusted basis of a property is defined as: Original cost + capital improvements - accumulated depreciation. Real estate investment trusts (REIT) 2. Business partnerships 3. Learn real estate with free interactive flashcards. The space is vacant one month out of the year. Mr. Fowler is purchasing a $320,000 home by borrowing 80% of the purchase price. Learn vocabulary, terms, and more with flashcards, games, and other study tools. The lease specifies an expense stop of $6.75. Mr. Fife purchases a property that produces a first year NOI of $100,000 which is expected to grow by 2.50% per year. Whic…, A lease agreement written for a definite period of time with p…, A corporation listed a property with a broker, and susequently…, A homestead offers NO protection against which of the follwoing, Increase of soil along the bank of a body of water by natural…, The tearing or washing away of land along the bank of a body o…, anything affixed to or used with land for its benefit that is…, an installment payment on a promissory note much bigger than t…, The difference between the cash balance payable by the purchas…, The mortgage that is being taken out to purchase the house sol…, $1.00 and other good and valuable consideration, The buyer may cancel or sue for specific damages, in an "as is" condition, "where is" and "with all faults.". Only $2.99/month. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 4.3 out of 5 stars 118. If the property is held, the annual after-tax cash flow received will be as follows: $50,000 for years 1 to 5 and $60,000 for years 6 to 10. It's a fun and fast way to master key content and boost your score on test day. A due on sale clause which specifies that the mortgage can accelerate the debt if the property is sold without the lenders permission is a typical clause in a mortgage document. A mortgage is best defined as a legal document that: Names real estate as the security or collateral for the repayment of a loan. Flashcards . all glossary terms from real estate textbook (670 cards) 2021-04-29 59 . Just Now . Start studying Real Estate - Real Property. a professional opinion of a property's market value based on e…, property management, appraisal, financing, development, Police Power, Eminent Domain, Taxation, Escheat, Abandonment (dying with no will and no heirs with the property…, Loan amount divided by sale price or appraised value (whicheve…. Start studying Real Estate Law 6. Home Browse. View Real Estate Analysis UNF Morris Exam 1 Flashcards - Questions and Answers _ Quizlet.pdf from CS 1103 at University of Notre Dame. An overall capitalization rate can be calculated by dividing the net operating income by the property value. match. The funds for taxes and insurance will be deposited into a(n) ____ account with the lender. Created by. Which of the following types of bankruptcy is filed with the end result of liquidating the debtor's assets? Log in Sign up. Her loan terms are: 20 years amortization, monthly payments, 4.55% annual interest rate. Flashcards. Master Real Estate Real Estate Vocab Flashcards: Review 85+ flashcards on various real estate terms. The interest rate has a 2% annual increase limitation and a 5% lifetime increase limitation. Renovating a property normally produces these benefits: Lowering vacancy, increasing rents, increasing the future value of the property. Cram.com makes it easy to get the grade you want! Which is NOT one of the approaches? Test. A lender requires a 1.25 debt coverage ratio as a minimum. the date upon which both parties have signed the contract. balloon payment . serranowish. Using the data from the previous question, what is the average capitalization rate for the three comparables, Ms. Beasley is considering investing in the following property: (all data annual). What is the adjusted cost basis of the property after six years of ownership using 39 year depreciable life? Lenders use adjustable rate mortgage to minimize the risks of inflation and interest rate increases. STUDY. Real Estate Chapter 9 Quizlet. What is the expected sales price based on a capitalization rate of 7.50% applied to the 11th year NOI? Using an 9% discount rate, what is the effective annual rent over the three years? Rhode Island law exam for real estate 157 terms Limswiler Try diagrams on Quizlet! Save time and effort with our pre-made Real Estate flashcards. A clause in a non-anchor tenant's lease requiring the presence of an anchor tenant is referred to as a: A 2,000 square foot office space is leased for $18.00 per square foot. Top Real Estate Principles Flashcards Ranked by Quality. Study free Real Estate flashcards and improve your grades. If the NOI of a property is $84,000, what is the maximum amount of debt service the lender will allow?