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Final Exam: Real Estate Real Estate Express
Save
Terms in this set (106)
At least that goes month an state from period to period
to month is known as
Madison Davidson $225
negotiate it for a $30,000 1st you take $30000 in multiply it by 9% for the total
loan with $200 monthly annual interest paid or $2700. Divide that by 12
payments, plus 9% months for the total of $225 per month entries
interest. in this case what is payment
the monthly interest in the
first month
Typically a listing broker is a fiduciary (agent) of the seller.
usually considered to be?
[]A square normally 1 mile on a side.
A section []The Land Ordinance of 1785 divided townships in the
United States into 36 sections.
An owner of a 12 unit Yes because it was a 12 unit apartment building
apartment building lived
in one of the apartments.
The owner refused to rent
to a person because of his
national origin. Based on
Federal Fair Housing Laws,
does the prospective
tenant have a valid
complaint?
,Several legal steps must Writ of persecution
sometimes be taken
before a creditor can have
his outstanding debt
satisfied through the sale
of the debtor's property.
Which of the following is
not one of the steps in the
process
Property owner of Livia The assess value of her property
does not like how much
she pays in property taxes
what may she object to(
and have a chance of
winning)?
A point, line, or surface Datum
from which elevations are
major is known as the
A loan company was loan illegal, since the Real Estate Procedures Act prohibits
applicants a particular kickbacks
insurance company, which
in turn paid the loan
company a referral fee.
This is:
$380,000
A property was assessed
Divide the total taxes ($11400) by the rate per hundred
at 25% of value with a text
($12) for a total of 950. Multiply that by $100 for the
rate of $12 per hundred. If
total of $95000, which is 25% of the value. Then
the taxes totalled $11400
divideby $95000 by 25% to obtain a 100% value of
what was the value?
$38,000
, If a borrower must pay 4 points
$6000 for points on a
$150,000 loan how many $6,000÷$150,000=.04 or 4 point
points is the lender
charging for this loan?
A 3 year straight note was $280,000
obtained at 10% per year
interest pay first two years -if 2yrs=$42,000 then 1yr=$21,000.
was $42,000. The loan on -At 10% the principal balance is $210,000
the house was 75% of the -since the loan is for 75% of the home divide $210,000
value. What was the total by 0.75%=$280,000
value of the property?
A brokerage was paid a $165,000
commission of 6% of the
1st $120000 of the sales @6% commission was $7,200 (0.06×$120,000).
price and 4% of sub %9,000 from total commission...leaving $1,800.
everything over a $120,000 Since rate was at 4%, divide by $1,800, yielding
what would the sell price $45,000. Then add $120,000; totalling $165,000
be if the total commission
was $9000?
Broker Aubrey has a listing Could be responsible due to vicarious liability
agreement with the seller
Scarlett. one of Aubrey's
salesperson commits a
license law by violation
while interacting with
Scarlett. Aubrey
Red lining deals with the Lending institutions
conduct of?
A person who dies without intestate
leaving a will is known as
having died:
Final Exam: Real Estate Real Estate Express
Save
Terms in this set (106)
At least that goes month an state from period to period
to month is known as
Madison Davidson $225
negotiate it for a $30,000 1st you take $30000 in multiply it by 9% for the total
loan with $200 monthly annual interest paid or $2700. Divide that by 12
payments, plus 9% months for the total of $225 per month entries
interest. in this case what is payment
the monthly interest in the
first month
Typically a listing broker is a fiduciary (agent) of the seller.
usually considered to be?
[]A square normally 1 mile on a side.
A section []The Land Ordinance of 1785 divided townships in the
United States into 36 sections.
An owner of a 12 unit Yes because it was a 12 unit apartment building
apartment building lived
in one of the apartments.
The owner refused to rent
to a person because of his
national origin. Based on
Federal Fair Housing Laws,
does the prospective
tenant have a valid
complaint?
,Several legal steps must Writ of persecution
sometimes be taken
before a creditor can have
his outstanding debt
satisfied through the sale
of the debtor's property.
Which of the following is
not one of the steps in the
process
Property owner of Livia The assess value of her property
does not like how much
she pays in property taxes
what may she object to(
and have a chance of
winning)?
A point, line, or surface Datum
from which elevations are
major is known as the
A loan company was loan illegal, since the Real Estate Procedures Act prohibits
applicants a particular kickbacks
insurance company, which
in turn paid the loan
company a referral fee.
This is:
$380,000
A property was assessed
Divide the total taxes ($11400) by the rate per hundred
at 25% of value with a text
($12) for a total of 950. Multiply that by $100 for the
rate of $12 per hundred. If
total of $95000, which is 25% of the value. Then
the taxes totalled $11400
divideby $95000 by 25% to obtain a 100% value of
what was the value?
$38,000
, If a borrower must pay 4 points
$6000 for points on a
$150,000 loan how many $6,000÷$150,000=.04 or 4 point
points is the lender
charging for this loan?
A 3 year straight note was $280,000
obtained at 10% per year
interest pay first two years -if 2yrs=$42,000 then 1yr=$21,000.
was $42,000. The loan on -At 10% the principal balance is $210,000
the house was 75% of the -since the loan is for 75% of the home divide $210,000
value. What was the total by 0.75%=$280,000
value of the property?
A brokerage was paid a $165,000
commission of 6% of the
1st $120000 of the sales @6% commission was $7,200 (0.06×$120,000).
price and 4% of sub %9,000 from total commission...leaving $1,800.
everything over a $120,000 Since rate was at 4%, divide by $1,800, yielding
what would the sell price $45,000. Then add $120,000; totalling $165,000
be if the total commission
was $9000?
Broker Aubrey has a listing Could be responsible due to vicarious liability
agreement with the seller
Scarlett. one of Aubrey's
salesperson commits a
license law by violation
while interacting with
Scarlett. Aubrey
Red lining deals with the Lending institutions
conduct of?
A person who dies without intestate
leaving a will is known as
having died:
