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Tampa School of Real estate with complete solutions.

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A person Performing real estate activities under the judgment of order of the court, such as the trustee in a bankruptcy, is? Not required to have a real state license What are the standard ratios for debt to income and also total debt to income? 25 to 28 DTI and TDTI 33 to 36 What phrase or words are required on a deed and are considered an "active of convenience " Grant and convey What is defined as a high rise buildings? A high-rise building is 11 to 39 stories Evelyn's mortgage payment fluctuates. The amount applied towards principle each payment remains the same, but the interest amount varies. What type of amortization is this Negative amortization True or false investors can depreciate and appraising asset True How long does a commercial income producing property allow for depreciation? 39 Years Another term for a valuation is? Another term for a valuation is formal appraisal A financial institution with deposits that are insured by the federal government agency and can sell mortgages Freddie Mac (FHLMC) True or false with a cooperative the transfer of ownership requires board approval True Capital gains taxes are owed when a property is sold. What percentage is used to calculate capital gains taxes when a person is in the 33% tax bracket 15% True or false appraisers use " bracketing" to find a probable range of property values comparing superior and inferior units to the subject property True What is it called when one party didn't meet the terms of the contract in this specific time frame and is now being required to do exactly what was agreed to in the contract Specific performance How are mortgage interest, taxes insurance and other similar expenses prorated? Customarily on a 360 d

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