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Nevada National Real Estate Exam with Complete Solutions

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Nevada National Real Estate Exam with Complete Solutions

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Institution Nevada National Real Estate

Course Nevada National Real Estate

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Nevada National Real Estate Exam with Complete SolutionsNevada National Real Estate Exam with Complete SolutionsNevada National Real Estate Exam with Complete SolutionsNevada National Real Estate Exam with Complete SolutionsAmortized Loans - ANSWER-Constant payment including principle and interest until paid off Conventional Loan - ANSWER-No government back; private Gross Lease - ANSWER-Fixed amount- Residential rental Net Lease - ANSWER-Fixed plus maintenance; Triple Net = tax & insurance also Percentage Lease - ANSWER-Fixed + % of profits ;; mall, retail spaces Ground Lease - ANSWER-Long term land lease-- 99+ yr lead;; to build Leaseback - ANSWER-Seller leases back after closing; model homes Assign/sublease - ANSWER-Renting then leasing to someone else; air B& B Novation - ANSWER-Substitution of Lessee or contract Leasehold Estates - ANSWER-Death/sale will not terminate lease Estate for years - ANSWER-Definite termination date/no notice required Periodic estate - ANSWER-Monthly, weekly, annually, notice required for that period

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Uploaded on: August 19, 2023
Number of pages: 10
Written in: 2023/2024
Type: Exam (elaborations)
Contains: Questions & answers

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