Recourse debt Study guides, Class notes & Summaries
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CPWA EXAM 2023
- Exam (elaborations) • 6 pages • 2023
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HECM Practice Exam 2023 Questions and Answers
- Exam (elaborations) • 17 pages • 2023
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The HECM Saver was introduced as an option to lower the upfront cost of a HECM by reducing the upfront mortgage insurance premium to: 
a. 0. 
b. 0.01% of the Maximum Claim Amount. 
c. 1% of the Maximum Claim Amount. 
d. 1.25% of the Maximum Claim Amount. - ANSWER-b 
 
If repairs are required but can be completed after closing, the lender will create a repair set-aside in the amount of: 
a. 15% of the maximum claim amount. 
b. 100% of the actual cost of repairs. 
c. 100% of the estimated cost of...
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED
- Exam (elaborations) • 27 pages • 2023
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED 
In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% 
A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act 
What happens to trade fixtures after a business moves out of a leased property? The tenant remo...
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RSK4802 EXAM PACK 2023
- Exam (elaborations) • 175 pages • 2023
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RSK 4802 EXAM PACK 2022 
JANUARY /FEBRUARY 2016 
QUESTION1.1 
ai) 
Risk management is an important process because it empowers a business with the 
necessary tools so that it can adequately identify and deal with potential risks. 
Once a risk has been identified, it is then easy to mitigate it. In addition, risk 
management provides a business with a basis upon which it can undertake sound 
decision-making. 
-For a business, assessment and management of risks is the best way to prepare for 
even...
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CPWA Exam Questions & Answers 2023/2024
- Exam (elaborations) • 8 pages • 2023
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CPWA Exam Questions & Answers 2023/2024 
 
 
IRS forms - ANSWER-1040 Individuals 
1065 partnerships 
Schedule A itemized deductions 
Schedule K-1 partnership distributions 
 
AGI - ANSWER-Wages, salaries 
+ ordinary dividends 
+ rental real estate income= total income 
- Qualified plan/IRA contribution= AGI 
 
AGI Self Employed - ANSWER-LLC Income + other income = total income 
-(SUBTRACT) HSA, half self-employment tax paid, SEP contribution, self-employed health insurance deduction = AGI 
 
Ab...
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PVL3702-summary of notes Law of Contract (University of South Africa)
- Summary • 89 pages • 2022
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PVL3702-summary of notes 
Law of Contract (University of South Africa) 
lOMoARcPSD| 
Page 1 of 88 
LAW OF CONTRACT 
STUDY UNIT 1 
1. Distinguish between a contract and unjustified enrichment. (5) 
A contract is an agreement entered into with the intention of creating an obligation or obligations. A contract 
is therefore a fact, an event. From a contract, arises an obligation or obligations. 
Undue enrichment is a principle of our law that no-one should unjustifiedly be enriched at the expense o...
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COLORADO REAL ESTATE NATIONAL EXAM PRACTICE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED| latest update 2024/25|
- Exam (elaborations) • 18 pages • 2024
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COLORADO REAL ESTATE NATIONAL EXAM PRACTICE EXAM 
REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. 
which of these is a correct formula for calculations related to income-producing property? - -rate of 
return x value = net operating income 
an optioner and optionee entered into an option contract for an industrial building. the optionee decided 
not to purchase the property. the optioner sued the optionee for breach of contract. assuming the 
optioner received an option fee, what damages w...
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CFI CBCA Loan Security Exam Questions With Complete Solutions.
- Exam (elaborations) • 9 pages • 2023
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Loan Security Learning Objectives - 01. Compare different types of security and assets used as 
security 
02. Determine the security value of different assets based on MAST principles 
03. Discuss the role of legal counsel and the importance of legal representation 
Security is a form of - insurance that is provided by the borrower. 
• No loan should be granted if the lender expects security will have to be enforced or realized. 
• Security is taken as a final safeguard in case of default. 
...
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HECM Practice exam questions and answers
- Exam (elaborations) • 17 pages • 2024
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HECM Practice exam questions and 
answers 
The HECM Saver was introduced as an option to lower the upfront cost of a HECM by 
reducing the upfront mortgage insurance premium to: 
a. 0. 
b. 0.01% of the Maximum Claim Amount. 
c. 1% of the Maximum Claim Amount. 
d. 1.25% of the Maximum Claim Amount. - ANSWERS b 
If repairs are required but can be completed after closing, the lender will create a repair 
set-aside in the amount of: 
a. 15% of the maximum claim amount. 
b. 100% of the actual cos...
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CON 127 Questions and Answers with Verified Solutions
- Exam (elaborations) • 3 pages • 2024
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CON 127 Questions and Answers with 
 
Verified Solutions 
 
According to the course material, factors influencing the degree of contract administration 
include the nature of the work, the type of contract awarded, and: The experience and 
commitment of the personnel involved 
 
A __ is a contractor's request to liquidate the debt against existing unpaid bills due the credit 
invoice 
 
According the FAR 32.6, what can the government collect by offsetting the amount against any 
payment due the...
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