Gradespins

This idea is called conservation of capital. - correct answers With any investment, one wants the original investment to grow, without losing it. Unfortunately, no investment is truly secure. Risk versus return - correct answers The general rule in investments is that the safer the investment, the more slowly it gains in value. The more you want it to gain, and the more quickly, the more you must risk losing it. Liquidity - correct answers . The issue of exchangeability is an important one...

A one-story house had original dimensions of 60' by 30'. However, a new addition, measuring 24' by 20', was recently added by the owners. The house's total square footage is now: 1,320 1,800 2,280 5,040 - correct answers 2,280 The original part of the house measures 1,800 square feet (60 × 30 = 1,800). The new addition is 480 square feet (24 × 20 = 480). Add the two together, for a total of 2,280 square feet (1,800 + 480 = 2,280). How many square feet are in a square...

What are the two basic types of easement and what is the difference? - correct answers Easement appurtenant -- attaches to the estate and transfers with it unless specifically stated otherwise in the transaction documents Easement in gross -- a personal right to use that does not attach to the grantor's estate. What is a common example of an easement by necessity? - correct answers The need for access to a property so that it is not landlocked. How are easements created? - correct answ...

Abandonment - correct answers Non-payment of taxes Absolute Auction - correct answers An auction where the property is sold to the highest qualified bidder; there is no minimum bid or reserve or right of confirmation. Also called Without Reserve. Abstract of Title - correct answers A brief, chronological summary of the recorded documents affecting title to a particular parcel of real property. Acceleration Clause - correct answers A contract clause giving the lender the right to declare...

Buyer's Market - correct answers A situation in the housing market when there are many homes available for sale, but few buyers. Cost of Money - correct answers The interest rate that people or businesses must pay to use another's money for their own purposes. Economic Base - correct answers The main business or industry in an area that supports and sustains the community. Inflation - correct answers An increase in the cost of goods or services or too many people wanting too few g...

The Department of State may take any of these actions against a licensee in violation of the license law except? A. Suspension B. Revocation C. Fine D. Imprisonment - correct answers D. Imprisonment If a complaint has been filed against a licensee and the licensee refuses to mediate the complaint, what will happen? A. The licensee will be fired from the firm where he or she is employed. B. The DOS will revoke the licensee's license. C. The DOS will schedule a hearing. D. The co...

What do we call an agent who represents a seller exclusively in a real estate transaction? A. Exclusive agent B. Single agent C. Subagent D. Broker agent - correct answers B. Single agent What is an in-house sales agreement? A. An agreement that the transaction will not involve subagents B. An agreement that no MLS listing will be placed C. An agreement to allow dual agency D. An agreement to allow interior showings of the property - correct answers C. An agreement to allow dual a...

The Knowledge of Property Transfer - - correct answers by deed, will, inheritance or the use of contracts, or trusts. Knowledge of Market Conditions - - correct answers the level of listings on the market, how the property may be financed, how quickly property sells and the value of a property Knowledge of How to Market Real Estate - - correct answers techniques that include proper pricing, disclosure to both the buyer and the seller, service to the buyers and sellers, and maintaining rela...

A buyer would like to start out with a significant amount of equity invested in his house, so that he can reborrow against the equity if necessary. When structuring a loan, what should the buyer's highest priority be? Largest downpayment possible Longest loan term possible Lowest interest rate possible Smallest downpayment possible - correct answers Largest downpayment possible Equity refers to the difference between the property's value and the loans against the property. Therefo...

Contents: Chapter 1: 2 Chapter 2: 145 Chapter 3: 264 Chapter 4: 363 Chapter 5: 470 - correct answers Chapter 1: conditions affecting the property title deposit or down payment procedures riders type of deed to be conveyedWhich is typically an element of a pre-printed purchase contract? Select all correct responses. - correct answers conditions affecting the property title deposit or down payment procedures riders type of deed to be conveyedWhich is typically an element of a pre-p...