Property collateral Study guides, Class notes & Summaries

USPAP 15-hour course Questions and Answers 100% Pass The concept of public trust means that an appraiser must act: in the public's interest USPAP establishes standards that are applicable in the appraisal of: real property, intangible property, and personal property Which statement is TRUE regarding The Appraisal Foundation and USPAP enforcement authority? The Appraisal Foundation does not have the authority to enforce the requirements of USPAP. Which entity is responsible for establishing e...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

WCU - PHYS 261 FINAL EXAM LATEST ANSWERS 2022. ) Nucleic acids are polymers of units called A) ribose. B) bases. C) fatty acids. D) amino acids. E) nucleotides. 6) Cell membranes are said to be A) actively permeable. B) impermeable. C) freely permeable. D) selectively permeable. E) none of the above 7) In humans, only __________ cells have flagella. A) sperm B) intestine lining C) stomach lining D) respiratory tract lining E) two of the above 8) The addition of a phosphate grou...

pearson vue practice exam Questions and answers, 100% Accurate, graded A+ In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker - -a. included in the listing agreement a lot measu...

Deed Restrictions - Correct answer-Legally enforceable terms that govern the use of real estate Redlining - Correct answer-The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 - Correct answer-Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piece of ...

PVL2601 ASSIGNMENT 2 SEMESTER 1 OF 2023 [] QUESTION 1 Mr and Mrs A have a son, B, and a daughter, C. C marries Y, who is the son of Mr and Mrs X. C and Y have a daughter, Z. a) Briefly explain the difference between consanguinity and affinity. (2) b) Briefly explain what consanguinity in the collateral line means. (2) c) May Z enter into a civil marriage with B? Answer “Yes” or “No”, and explain your answer with reference to authority. (3) d) May C enter into a civil ma...

An opinion of value - ANSWER The appraised value of a property is: assessed value - ANSWER the amount that your local government determines your property to be worth for tax purposes subject property - ANSWER The property that is being appraised. ad valorem - ANSWER according to value Principle of Conformity - ANSWER Maximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (Uniform Standards of Professional Appraisal Practice) - ANSWER Standards ...

It is important to make them feel __________ and __________ - Correct answercomfortable and welcomed __________ prompt someone to explore and analyze their emotions and feelings - Correct answer-Open-ended question __________ collect factual information - Correct answer-Closed-ended question Give __________ for responses time - Correct answer-time Questions should be asked in a ___________________________ way - Correct answer-non-judgmental It is important to ________________ your mentor...

Principal CORRECT ANSWER-Defendant of witness obligated to appear Bail bond CORRECT ANSWER-Defendant undertaking to appear in court bail CORRECT ANSWER-security required for the release of the defendant Bond CORRECT ANSWER-Legal obligation assumed by the one post bail Collateral CORRECT ANSWER-Something of value to indemnify the bondsman in the event of forfeiture of bail Types of collateral CORRECT ANSWER-Money security agreement real property personal property when must colla...