Jhaque
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CHAMPIONS SCHOOL OF REAL ESTATE EXAM. QUESTIONS WITH 100% CORRECT ANSWERS.
Taxation The right of government to tax real property Condemnation The action of the government in taking private under the right of eminent domain. Abatement The term that describes methods used to handle the control of asbestos found in a property Blackwater Wastewater from toilets Encapsulate To contain, as in an asbestos abatement plan Material Fact Any fact about a property that might influence the decision of a purchaser Brownfields Land known to be haz...
- Exam (elaborations)
- • 35 pages •
Taxation The right of government to tax real property Condemnation The action of the government in taking private under the right of eminent domain. Abatement The term that describes methods used to handle the control of asbestos found in a property Blackwater Wastewater from toilets Encapsulate To contain, as in an asbestos abatement plan Material Fact Any fact about a property that might influence the decision of a purchaser Brownfields Land known to be haz...
CHAMPIONS SCHOOL OF REAL ESTATE MARKETING SAE EXAM. QUESTIONS WITH 100% CORRECT ANSWERS.
Personality types - Whales: Whales can also be classified by the color yellow. These personalities are humanitarians. They love to be involved with the community and often get involved with charity work and non-profit organizations. Professionally, whales may be teachers or work for non-profits. If you are working with a client who you determine may be a whale, you can draw them in by talking about the ways that you give back to the community that you service and Copyright © 2018 Champions Sch...
- Exam (elaborations)
- • 35 pages •
Personality types - Whales: Whales can also be classified by the color yellow. These personalities are humanitarians. They love to be involved with the community and often get involved with charity work and non-profit organizations. Professionally, whales may be teachers or work for non-profits. If you are working with a client who you determine may be a whale, you can draw them in by talking about the ways that you give back to the community that you service and Copyright © 2018 Champions Sch...
CHAMPIONS SCHOOL OF REAL ESTATE LAW OF AGENCY EXAM. QUESTIONS WITH 100% CORRECT ANSWERS.
Under the Tax Equity and Fiscal Responsibility Act there are three tests for specifying that a sales agent is an independent contractor: -The sales agent must hold a real estate license -the sales agent must be paid on a commission basis -the sales agent must have written contract with the broker specifying the sales agent is not an employee Age Discrimination in Employment Act of 1967 (ADEA) enacted by congress to prohibit age discrimination in employment Genetic Information Nondi...
- Exam (elaborations)
- • 20 pages •
Under the Tax Equity and Fiscal Responsibility Act there are three tests for specifying that a sales agent is an independent contractor: -The sales agent must hold a real estate license -the sales agent must be paid on a commission basis -the sales agent must have written contract with the broker specifying the sales agent is not an employee Age Discrimination in Employment Act of 1967 (ADEA) enacted by congress to prohibit age discrimination in employment Genetic Information Nondi...
CHAMPIONS SCHOOL OF REAL ESTATE - PRINCIPLES OF REAL ESTATE 1. QUESTIONS WITH 100% CORRECT ANSWERS.
Agency One person (agent) acts for or on behalf of another (principal) Principal client, give the agent the authority to act Agent one who works for the principal (client) Fiduciary relationship between the agent and the principal; relationship based on trust Universal agent General agent represents the principal in a particular type of transaction or business Special agent limited duties are performed for the principal Duties from the agent to principal ...
- Exam (elaborations)
- • 41 pages •
Agency One person (agent) acts for or on behalf of another (principal) Principal client, give the agent the authority to act Agent one who works for the principal (client) Fiduciary relationship between the agent and the principal; relationship based on trust Universal agent General agent represents the principal in a particular type of transaction or business Special agent limited duties are performed for the principal Duties from the agent to principal ...
PRINCIPLES OF REAL ESTATE 1. CHAMPIONS SCHOOL OF REAL ESTATE. QUESTIONS WITH 100% CORRECT ANSWERS.
A property is owned by two unmarried individuals without right of survivorship. The form of ownership is most likely: A.) Community property B.) Ownership in severalty C.) Joint Tenancy D.) Tenancy in common Three co- owners wish to divide their undivided interests in a property into individually owned tracts of land. This process is known as an______ A.) Alienation B.) Lawsuit C.) Waiver D.) Partition Dwayne and Beth, each single persons, own a parcel of land as joint tena...
- Exam (elaborations)
- • 25 pages •
A property is owned by two unmarried individuals without right of survivorship. The form of ownership is most likely: A.) Community property B.) Ownership in severalty C.) Joint Tenancy D.) Tenancy in common Three co- owners wish to divide their undivided interests in a property into individually owned tracts of land. This process is known as an______ A.) Alienation B.) Lawsuit C.) Waiver D.) Partition Dwayne and Beth, each single persons, own a parcel of land as joint tena...
CHAMPIONS SCHOOL OF REAL ESTATE INVESTMENTS. QUESTIONS WITH 100% CORRECT ANSWERS.
The Act that attempts to remove barriers of access to public facilities for disabled individuals is the Americans with Disabilities Act The type of lease in which the tenant pays for rent, maintenance and operating expenses of the premises is the _________ lease. Net lease Which of the following does NOT determine the trade area of a retail store center? Drawing a circle around an area on a map Which of the following is an exception to the handicapped provision? A dangerous dr...
- Exam (elaborations)
- • 12 pages •
The Act that attempts to remove barriers of access to public facilities for disabled individuals is the Americans with Disabilities Act The type of lease in which the tenant pays for rent, maintenance and operating expenses of the premises is the _________ lease. Net lease Which of the following does NOT determine the trade area of a retail store center? Drawing a circle around an area on a map Which of the following is an exception to the handicapped provision? A dangerous dr...
CHAMPIONS SCHOOL OF REAL ESTATE FINANCE. QUESTIONS WITH ANSWERS.
Clauses in a mortgage - page 142 PREPAYMENT PRIVILEGE CLAUSE The prepayment privilege clause is included in some loans and allows the borrower to pay off the loan before the due date without incurring penalties such as those discussed above. LOCK-IN CLAUSE The lock-in clause is a condition of a mortgage loan that prohibits prepayment of the loan prior to a specific date. ALIENATION (DUE ON SALE) CLAUSE The alienation clause reserves the right of the lender to call the note (declare the ent...
- Exam (elaborations)
- • 24 pages •
Clauses in a mortgage - page 142 PREPAYMENT PRIVILEGE CLAUSE The prepayment privilege clause is included in some loans and allows the borrower to pay off the loan before the due date without incurring penalties such as those discussed above. LOCK-IN CLAUSE The lock-in clause is a condition of a mortgage loan that prohibits prepayment of the loan prior to a specific date. ALIENATION (DUE ON SALE) CLAUSE The alienation clause reserves the right of the lender to call the note (declare the ent...
CHAMPIONS SCHOOL OF REAL ESTATE FINANCE. QUESTIONS WITH 100% CORRECT ANSWERS.
The percent of the price that the buyer is borrowing. High ratio means low down payment. Loan to value ratio (LTV) A monthly payment amount of principal and interest required to amortize a loan of $1,000 based on the interest rate and the term of the loan - loan amount divided by 1,000 times the factor equals payment. (LOAN/[1000x]) = payment Loan Factor Part equals percent times total. ( A basic formula for real estate math) P=%xT 5,280 feet 1 Mile Cash due at closing as...
- Exam (elaborations)
- • 21 pages •
The percent of the price that the buyer is borrowing. High ratio means low down payment. Loan to value ratio (LTV) A monthly payment amount of principal and interest required to amortize a loan of $1,000 based on the interest rate and the term of the loan - loan amount divided by 1,000 times the factor equals payment. (LOAN/[1000x]) = payment Loan Factor Part equals percent times total. ( A basic formula for real estate math) P=%xT 5,280 feet 1 Mile Cash due at closing as...
CHAMPIONS SCHOOL OF REAL ESTATE FINANCE EXAM. QUESTIONS WITH 100% CORRECT ANSWERS.
Which of the following is NOT reviewed by loan underwriters o determine creditworthiness? A - Collections, foreclosures, bankruptcies B - Credit Scores C - Inquiries on credit report D - Social Media Platforms ___________________ inquiries are known as neutral inquiries because they are not rated as wither positive or negative on a credit report. A - Periodic Review B - Pre-Approval C - Consumer Initiated D - All of these The borrower is asked to provide their full name, ____...
- Exam (elaborations)
- • 21 pages •
Which of the following is NOT reviewed by loan underwriters o determine creditworthiness? A - Collections, foreclosures, bankruptcies B - Credit Scores C - Inquiries on credit report D - Social Media Platforms ___________________ inquiries are known as neutral inquiries because they are not rated as wither positive or negative on a credit report. A - Periodic Review B - Pre-Approval C - Consumer Initiated D - All of these The borrower is asked to provide their full name, ____...
CHAMPIONS REAL ESTATE FINANCE EXAM . QUESTIONS WITH 100% CORRECT ANSWERS.
Required for all FHA transaction regardless of LTV VA loans needs ____% downpayment Eligibility address the question: Refers to a loan made to a Veteran and another person Used to qualify a borrower for a loan based upon the proposed house payment and gross monthly income The most probable price which a property should bring in an open market is... Taxes are assess based upon assessed value of the property and the current tax rate Used as the best i...
- Exam (elaborations)
- • 14 pages •
Required for all FHA transaction regardless of LTV VA loans needs ____% downpayment Eligibility address the question: Refers to a loan made to a Veteran and another person Used to qualify a borrower for a loan based upon the proposed house payment and gross monthly income The most probable price which a property should bring in an open market is... Taxes are assess based upon assessed value of the property and the current tax rate Used as the best i...
NSG 4100 / NSG4100 NURSING PRACTICE ADULT HEALTH EXAM 2. QUESTIONS AND ANSWERS.
NUR 211 / NUR211 LIFESPAN FINAL EXAM. QUESTIONS WITH 100% VERIFIED ANSWERS.
NUR 211 / NUR211 LIFESPAN FINAL EXAM. QUESTIONS WITH 100% VERIFIED ANSWERS.
NUR 211 / NUR211 LIFESPAN FINAL EXAM. QUESTIONS WITH 100% VERIFIED ANSWERS.
NURS 110 / NURS110 MIDTERM EXAM. QUESTIONS AND ANSWERS.
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