If held and sold in 10 years, the property is expected to provide $775,000 in after-tax cash flow. What is his return on the renovation? a professional opinion of a property's market value based on e…, property management, appraisal, financing, development, Police Power, Eminent Domain, Taxation, Escheat, Abandonment (dying with no will and no heirs with the property…, Loan amount divided by sale price or appraised value (whicheve…. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Mr. Speith buys a home with an ARM. The adjusted basis of a property is defined as: Original cost + capital improvements - accumulated depreciation. Upgrade to remove ads. 7 days ago . Home; Quizlet Real Estate Florida; All Time (33 New Post) Past 24 Hours Past Week Past month. Which of the following types of bankruptcy is filed with the end result of liquidating the debtor's assets? Mr. Magoo (the tenant) signs a triple net lease. The interest rate has a 2% annual increase limitation and a 5% lifetime increase limitation. A sale in which the proceeds from the sale are less than the balance owed on the loan secured by the property sold. If he finances the points, he will borrow $306,122.45. Mr. Bellarosa is offered an interest rate of 4.70% for 30 years but he is considering paying two points to "buy down" the rate to 4.20%. What is the IRR if she keeps the existing property? Mr. Shelton also expects to sell the property one year later and recoup the $300,000 renovation cost. If you have a hard time getting down to work, setting a timer that gives … Terms in this set (10) A buyer's listing authorizes an agent to. Cram.com makes it easy to get the grade you want! W2 salarie…, Provisional Broker (BP):... -need additional post education... Full…, Usually written into a mortgage to allow the lender to acceler…, The value of the real property established for tax purposes. Create. STUDY . Spell. This is an example of an: A ____ estate represents the most complete form of ownership of real estate; the owner is free to divide it up into lesser estates and sell, lease, or borrow against them as he or she wishes. Create. write. Test. Match. An example of when seller financing may be preferable to third party (bank) financing is: The seller offers a competitive interest rate to the buyer along with a lower down payment requirement. Dearborn Modern Real Estate Practice Flashcard Review, 20th Edition. The monthly payments will be: Ms. Garcia makes a down payment of 25% on the $280,000 home she is purchasing. Using 15 year amortization, how much interest did she pay with her first monthly payment? What is the expected sales price based on a capitalization rate of 7.50% applied to the 11th year NOI? Only $2.99/month. Match. What are the total expenses paid by the landlord and tenant respectively? The initial terms for the $600,000 loans are: 30 year amortization, monthly payments, 4.00% annual interest rate for 2 years, 2%/6% The outstanding balance for the loan after 24 months will be: Mr. Johnson borrows $200,000 using an ARM with initial terms of: 20 years amortization, monthly payments of $1,973.64, 5.00% annual interest rate for three years When the interest rate is reset after 36 months to 5.70%, what will be his new monthly payment? A historical summary of the publicly recorded documents that affect the ownership of a property is know as a(n): Which type of deed offers a new property owner the most protection, If a lender is to repossess or bring about the sale of a property if the borrower defaults on. Gravity. A building owner charges net rent of $22 in the first year, $23 in the second year, and $24 in the third year. Mr. Reed makes his loan payments on time but fails to pay the property taxes. Lenders use adjustable rate mortgage to minimize the risks of inflation and interest rate increases. STUDY. 4/14/2021 5 - Final Income Taxation Flashcards | Quizlet 4/5 1. Ms. Tedeschi, Mr. Trucks and Mr. Clapton have an LLC with a property worth $10 million that can be refinanced with an 80% loan at 7.1% over 20 years. Right to control the property (within law)…, A property burdened... by a license or... easement, The property... benefitting from an... easement on a servient... teneme…, The personal,... unassignable right... held by an individual... to the…, The right to enter and... use property when... the specific activity…, Five People hold undivided interest as tenants in common. STUDY. Which is NOT one of the approaches? If she can mortgage the property at an interest rate of 8.25%, will she have positive or negative leverage? A ____ lease is one in which the tenant only pays rent, and the owner of the property pays the operating expenses and provides all services. Create. She is analyzing an income producing property that produces an after tax IRR of 6.50%. Test. Master Real Estate Real Estate Vocab Flashcards: Review 85+ flashcards on various real estate terms. If the property is expected to be solid in 5 years, what is the incremental cost of refinancing? FSBO... 2. Learn. Her loan terms are: 20 years amortization, monthly payments, 4.55% annual interest rate. real estate. Flashcards. 47 people watched. Write. Which of the following statements are true? Start studying Real Estate Law 6. Real Estate Flashcards. Save time and effort with our pre-made Real Estate flashcards. Funds from operation (FFO), is calculated by adding back depreciation and amortization and other non-cash deductions to earnings. Gravity. Home Browse. Study Stack: Pre-Licensing. Flashcards. Real Estate (101 cards) 2021-03-17 26 . Real Estate Fundamentals (75 cards) 2021-04 … If the property is expected to be sold in year 10. Mr. Gosling is a banker and has approved a loan that gas a participation clause. An association of members of the real estate industry, principally real estate agents and brokers. An amortized loan payment will always result in a lower debt coverage ratio than an interest-only loan with the same interest rate. Terms in this set (13) What is Appurtenances? PLAY. Gravity. terms in this set (26) balloon mortgage. This means that: The bank will receive a percentage of annual NOI from the property, One benefit of leverage is that it may allow an investor to diversify across several investment properties. Renovating a property normally produces these benefits: Lowering vacancy, increasing rents, increasing the future value of the property. Write. Real Estate License Exams For Dummies with Online Practice Tests. Real Estate EXAM PREP Flashcards | Quizlet Good quizlet.com. Spell. What term best describes a person who owns a property and is conveying title to the property to another person. Using the rent data in the previous question, what is the effective annual rent if the discount rate is 14%? all glossary terms from real estate textbook (670 cards) 2021-04-29 59 . An overall capitalization rate can be calculated by dividing the net operating income by the property value. Office expenses are $7.50 per square foot and an expense stop is set at $6.50 per square foot. Real Estate - Real Property . Search. Learn vocabulary, terms, and more with flashcards, games, and other study tools. balloon payment . Start studying Real Estate Principles. A lender requires a 1.25 debt coverage ratio as a minimum. Ms. Turbeville is comparing two ways to make mortgage payments for her $230,000 loan with a 4.53% annual rate, 30 year amortization: regular monthly payments of $1,169.48 or biweekly payments of 584.74 if she chooses the biweekly payments, she will: Make 26 payments each year of $584.74 and payoff the loan in 19.4 years, Establish the highest possible price that a property can sell for. Terms: borrow 500,000, 20 years amortization, 5.75% fixed annual rate. Using the data in the following table, what is the estimated value of a property with effective gross income of $315,000 and an NOI of $152,000? He has talked with several lenders and determined that the best annual interest rate he can get is 4.75%. I…, A written agreement between the owner and a purchaser for the…, Generally, those parts of the condominium or apartment buildin…, a body of permeable rock that can contain or transmit groundwa…, an area of land divided into plots for sale, recognize or treat (someone or something) as different, I,II, and III (I. an expressed contract, II. Quizlet Real Estate Exam Study Guide: Review this in-depth study guide for your real estate exam. PREP FOR R. E. EXAM (16 cards) 2020-02-11 26 . Match. Start studying real estate NJ exam. $265,000, 30 years amortization, monthly payments, 4.07% annual interest rate. 56 people watched. Expenses for a 7,000 square foot office space are $8.00 per square foot. Mr. Arnold has allowed Ms. Palmer to run a sewer line through Mr. Arnold's backyard so that Ms. Palmer has access to the city sewer system. Real Estate Final. Start studying Real Estate Chapter 9; Learn vocabulary, terms, and more with flashcards, games, and other study tools. Loan payments are $54,106 per month (20 year amortization) on the existing loan and the loan balance in 5 years will be $6,172,156. The monthly payments will be: Mr. Margolin decides that he wants a maximum monthly loan payment $1280.00. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Mr. Fife purchases a property that produces a first year NOI of $100,000 which is expected to grow by 2.50% per year. Real Estate Law 6. Log in Sign up. Quickly memorize the terms, phrases and much more. What is the adjusted cost basis of the property after six years of ownership using 39 year depreciable life? Houses (8 days ago) Real Estate Chapter 9 Flashcards Quizlet. A mortgage is best defined as a legal document that: Names real estate as the security or collateral for the repayment of a loan. Study Real Estate Principles more efficiently than ever before, from your iPhone, Android, or computer! Start studying Real Estate - Financing In MD. The word improvement refers to:... street…. What is the annual Net Operating Income. The tenant will be responsible for property taxes, insurance and maintenance. 4/14/2021 6 - Capital Gains Tax Flashcards | Quizlet 2/12 Upon proof that the property have not been used in business for more than 2 years prior to the consummation of the taxable transaction involving such property when are properties classified as ordinary assets for being used in business by taxpayer (not engaged in real estate business) converted to capital assets? 4.4 out of 5 stars 211. Most states administer the tests in two parts, and require that the candidate pass both. a loan in which the periodic payments do not fully amortize the loan, so that the final payment is a substantially larger than amiunt of the periodic payments that must be made to satisfy the debt. Upgrade to remove ads. Home Browse. Start studying Nevada National Real Estate Exam. Match. Start studying Real Estate EXAM PREP. Free Flashcards for the Real Estate License Exam. Top Real Estate Principles Flashcards Ranked by Quality. 21/04/2021, 11: 30 AM Real Estate Investment Trust Flashcards | Quizlet Page 1 of 1 Real Estate Investment Trust Terms in this set (6) REIT A method of pooling investment money using the trust form of ownership. A conforming loan normally has a loan to value ratio of 80% or less: A borrower who makes a downpayment of 10% of a home value and finances 90% will likely be required to purchase: FNMA and FHLMC provide loan standards for conforming loans that are often sold and become part of the secondary mortgage market. spell. In Stock. A due on sale clause which specifies that the mortgage can accelerate the debt if the property is sold without the lenders permission is a typical clause in a mortgage document. $59.99. If he spends $300,000 to renovate the property, he projects that his after tax cash flow will increase to $145,000. Mr. Seinfeld purchases an income producing property for $800,000 and finances 70%. Matching game, word search puzzle, and hangman also available. Using an 9% discount rate, what is the effective annual rent over the three years? The appraisal of an income producing property includes three approaches to determine a valuation. Only $2.99/month. Test. Search. Study free Real Estate flashcards and improve your grades. test. FHA loans are fully insured by a government agency, A lender requires the borrower to make monthly payments of principal and interest along with funds to pay property taxes and hazard insurance. Flashcards. NC Real Estate Principles & Practices. Study Stack Real Estate Study Flashcards: Review 650+ real estate terms from the glossary of a real estate text book. $17.99. Learn vocabulary, terms, and more with flashcards, games, and other study tools. profits come from if building is sold at a higher Create. 41 people watched. The space is vacant one month out of the year. Paperback. A residential appraisal includes the following two methods to calculate the value: Cost and sales comparison (market) approaches. Search. Real Estate Finance (30 cards) 2020-08-06 22 . Taxable associations 4. match. flashcards. Taxablr joint ventures, joint accounts or consortia 5. Learn. Created by. krupp2020. Ms. Bullock is in the 24% tax bracket. gravity. One method that can be used to estimate the value of a property is to use a Gross Income Multiplier. when they enter into a listing agreement. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Florida Real Estate Class Final Exam Flashcards Quizlet. Flashcards . Real Estate Agent License Practice Test (2020 Current) Houses (6 days ago) Generally, you can expect that your state real estate agent license exam will consist of 80-100 multiple-choice questions about general real estate concepts and 60-80 questions specific to state licensing laws. See what you're learning in a whole new way. Real estate investment trusts (REIT) 2. Business partnerships 3. Set a timer to help you focus. If he chooses the 4.70%, he will borrow $300,000. PLAY. Gravity. If the NOI of a property is $84,000, what is the maximum amount of debt service the lender will allow? Start studying Real Estate Final. The lease specifies an expense stop of $6.75. Mr. Fowler is purchasing a $320,000 home by borrowing 80% of the purchase price. Description Date Stars Real Estate Terminology (86 cards) 2021-04-19 79 . Created by. $14.38. Created by. Support Union Test Prep. We have over 105 two-sided flashcards to help you memorize and retain the knowledge you need to pass. Quizlet Real Estate Florida. In Stock. Spell. Learn vocabulary, terms, and more with flashcards, games, and other study tools. If one of the terms of an ARM read, interest is capped at 2%/5%, what would that mean? Just Now . Write. Real Estate Chapter 9 Quizlet. Ms. Sutter is considering two different loans for the purchase of a home: $290,000, 30 years amortization, monthly payments, 4.42% annual interest rate. Log in Sign up. Ms. McAfee has borrowed $390,000 with a 15 year, 40% annual interest rate. Learn . Real Estate Contracts Flashcards Quizlet (4 days ago) A contract between a buyer (as principal) and a real estate broker (as agent) by which the broker is employed by the buyer to find a property for the buyer, on the buyer's terms, for which service the buyer agrees to … The discount rate establishes the minimum return that an investor is willing to accept when evaluating the potential purchase of an income-producing property. Mr. Shelton has an income producing property that produces $120,000 in after tax cash flow. Test. The balance on the current loan is $7,200,000. Ms. Lawrence owns a property that, if sold today, will provide her with $580,000 in cash flow after taxes. View Test Prep - Real Estate Flashcards | Quizlet from REAL ESTAT 101 at University of Southern Mississippi. A quitclaim deed can be described as follows: A deed that simply coveys to the grantee the rights, interests, and title of the grantor. At an annual interest rate of 6.2%, 15 year amortization, what is his monthly debt service? serranowish. Mr. Bojangles owns a property he bought for $500,000. a contract for fo…. John A. Yoegel. Only $2.99/month. shxwnjr. The funds for taxes and insurance will be deposited into a(n) ____ account with the lender. Whic…, A lease agreement written for a definite period of time with p…, A corporation listed a property with a broker, and susequently…, A homestead offers NO protection against which of the follwoing, Increase of soil along the bank of a body of water by natural…, The tearing or washing away of land along the bank of a body o…, anything affixed to or used with land for its benefit that is…, an installment payment on a promissory note much bigger than t…, The difference between the cash balance payable by the purchas…, The mortgage that is being taken out to purchase the house sol…, $1.00 and other good and valuable consideration, The buyer may cancel or sue for specific damages, in an "as is" condition, "where is" and "with all faults.". the date upon which both parties have signed the contract. His loan terms are: 30 years amortization, monthly payments, 4.95% annual interest rate. After making payments for 49 months, the partnership refinances the outstanding balance plus closing costs of $3,500 at a new rate of 5.10% for 16 years. It is the government taking private property for public good. If the property is held, the annual after-tax cash flow received will be as follows: $50,000 for years 1 to 5 and $60,000 for years 6 to 10. play. Log in Sign up. Choose from 500 different sets of real estate flashcards on Quizlet. Mr. Haggard and Mr. Jones form a limited liability partnership to purchase real estate in downtown Spartanburg that they will lease to a new restaurant and bar operated by Mr. Keith. What is the maximum he can borrow using a 30 year amortization? study. Cooperation, LCC, Partnership- entity... 3. Spell. STUDY. Real Estate Licensing Exams with Online Digital Flashcards (Barron's Test Prep) Jack P. Friedman Ph.D. 4.6 out of 5 stars 717. Study Flashcards On real estate exam at Cram.com. 4 days ago . Real Estate Practice Exam 2 Flashcards Quizlet. Also, Ms. Lawrence can receive a 10.50% rate of return by investing the sales proceeds today in a different project. Learn. Paperback. Should she keep he existing property OR sell and invest in the second property? Upgrade to remove ads. Home Browse. Learn real estate with free interactive flashcards. Upgrade to remove ads. It's a fun and fast way to master key content and boost your score on test day. View Real Estate Analysis UNF Morris Exam 1 Flashcards - Questions and Answers _ Quizlet.pdf from CS 1103 at University of Notre Dame. PLAY. 4.3 out of 5 stars 118. Curious to see what they're like? 11/29/2020 Real Estate Analysis UNF Morris Exam 1 Flashcards - Support us and begin preparing Ad-free for your tests with Union Test Prep. learn. Rhode Island law exam for real estate 157 terms Limswiler Try diagrams on Quizlet!
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