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Exam (elaborations)
REA380|83 Questions with 100% Correct Answers | Verified 2023
What is Real Estate" - ️️land and anything attached to it such as a building What are the types of real estate? - ️️Owner or Tenant-occupied residential, Commercial, Industrial, Farm and open land What was the first major event marking the great recession in the U.S. since 1930s? - ️️Declining housing values beginning in mid-2006 What type of lending was partially to blame for the housing bubble crash? - ️️Sub-prime lending What is property defined as in real estate?...
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Exam (elaborations)
REA380 - Exam 4|61 Questions with 100% Correct Answers | Verified | Latest Update
PopularWhat is a Secured Loan? - ️️Loan that has an asset pledged as collateral to ensure that the lender is likely to get payed if the borrower cannot pay. Define Hypothecation - ️️Pledging the property as collateral if the borrower can not pay back the lender. Basically its when the borrower agrees to the secured loan requirements and consequences. What is Title Theory - ️️The mortgagee (lender) is entitled to the possession of the mortgaged property upon default, ownership is held ...
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