NC POST LICENSING 301 PRACTICE FINAL
PAPER CERTIFICATION EVALUATION
PRACTICE SOLUTION ACTUAL TEST BANK
100 PERCENT CORRECT
⩥ Commercial Due Diligence.
Answer: Free look, no risk, determined by buyer and seller
⩥ BPO-Broker Price Opinion Analysis.
Answer: Contains a market analysis and derives value from
capitalization rates
⩥ Capitalization formula.
Answer: I/R*V
Value=NOI/Rate
⩥ Potential Gross Income.
Answer: Vacancy Collection losses
Additional income
, ⩥ Effective gross income.
Answer: Operating expenses
⩥ Net operating income.
Answer: Debt service(mortgage), Capital expenditures reserves
commissions
⩥ Ground Lease.
Answer: Dirt owners dream, common arrangements, costals,
lake, reservations, hong kong is the world's largest
⩥ Common Ground Lease Provision.
Answer: Often Allowed construction of a building typically in
the lease get to deduct rent as business expenses
⩥ Full-Service Lease.
Answer: Lease includes services, base rent + prorated expenses
+ utilities & services, lessor pays expenses, but they are shared
among tenants, rent is usually higher than other leases, CAMs
⩥ CAMs.
PAPER CERTIFICATION EVALUATION
PRACTICE SOLUTION ACTUAL TEST BANK
100 PERCENT CORRECT
⩥ Commercial Due Diligence.
Answer: Free look, no risk, determined by buyer and seller
⩥ BPO-Broker Price Opinion Analysis.
Answer: Contains a market analysis and derives value from
capitalization rates
⩥ Capitalization formula.
Answer: I/R*V
Value=NOI/Rate
⩥ Potential Gross Income.
Answer: Vacancy Collection losses
Additional income
, ⩥ Effective gross income.
Answer: Operating expenses
⩥ Net operating income.
Answer: Debt service(mortgage), Capital expenditures reserves
commissions
⩥ Ground Lease.
Answer: Dirt owners dream, common arrangements, costals,
lake, reservations, hong kong is the world's largest
⩥ Common Ground Lease Provision.
Answer: Often Allowed construction of a building typically in
the lease get to deduct rent as business expenses
⩥ Full-Service Lease.
Answer: Lease includes services, base rent + prorated expenses
+ utilities & services, lessor pays expenses, but they are shared
among tenants, rent is usually higher than other leases, CAMs
⩥ CAMs.
