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The discount rate establishes the minimum return that an investor is willing to accept when evaluating the potential purchase of an income-producing property. Flashcards. We have over 105 two-sided flashcards to help you memorize and retain the knowledge you need to pass. Quizlet Real Estate Exam Study Guide: Review this in-depth study guide for your real estate exam. Upgrade to remove ads. 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. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Curious to see what they're like? What is the annual Net Operating Income. gravity. 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…. See what you're learning in a whole new way. Learn . 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If the NOI of a property is $84,000, what is the maximum amount of debt service the lender will allow? 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. Start studying Real Estate Law 6. Mr. Magoo (the tenant) signs a triple net lease. Created by. 4/14/2021 5 - Final Income Taxation Flashcards | Quizlet 4/5 1. Only $2.99/month. Expenses for a 7,000 square foot office space are $8.00 per square foot. Using the data from the previous question, what is the average capitalization rate for the three comparables, Ms. Beasley is considering investing in the following property: (all data annual). Log in Sign up. Home Browse. What is the new monthly payment? Renovating a property normally produces these benefits: Lowering vacancy, increasing rents, increasing the future value of the property. 47 people watched. Real Estate 316 terms Carlylandry `What is the Paired Sales It is to determine the cost of The monthly payments will be: Mr. Margolin decides that he wants a maximum monthly loan payment $1280.00. Created by. Real Estate Practice Exam 2 Flashcards Quizlet. Only $2.99/month. The land was valued at $90,000 and the structure was values at $410,000. Lot 2, Block 4, Filing No 1, Maple Subdivision, CIty of Aurora, Possession,... Enjoyment,... Control,... disposition, "L.L.B.E.A.N.S" ... anyone who....... L- list... L- lease... B- buy, ... E-…, 1. Mr. Speith buys a home with an ARM. At an annual interest rate of 6.2%, 15 year amortization, what is his monthly debt service? Support us and begin preparing Ad-free for your tests with Union Test Prep. PREP FOR R. E. EXAM (16 cards) 2020-02-11 26 . when they enter into a listing agreement. "REITs are REITs" Equity Reit real estate investment trust that owns and operates income-producing real property. Mr. Seinfeld purchases an income producing property for $800,000 and finances 70%. 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? Study free Real Estate flashcards and improve your grades. 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. Write. Start studying Real Estate Chapter 9; Learn vocabulary, terms, and more with flashcards, games, and other study tools. If she can mortgage the property at an interest rate of 8.25%, will she have positive or negative leverage? Top Real Estate Principles Flashcards Ranked by Quality. Start studying real estate NJ exam. PLAY. Mr. Reed makes his loan payments on time but fails to pay the property taxes. 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. 4.3 out of 5 stars 118. created by. PLAY. Only $2.99/month. Using the rent data in the previous question, what is the effective annual rent if the discount rate is 14%? STUDY . STUDY. Rhode Island law exam for real estate 157 terms Limswiler Try diagrams on Quizlet! Write. Create. Lenders use adjustable rate mortgage to minimize the risks of inflation and interest rate increases. Real Estate Finance (30 cards) 2020-08-06 22 . A clause in a non-anchor tenant's lease requiring the presence of an anchor tenant is referred to as a: A 2,000 square foot office space is leased for $18.00 per square foot. Start studying Real Estate - Real Property. PLAY. An overall capitalization rate can be calculated by dividing the net operating income by the property value. Her loan terms are: 20 years amortization, monthly payments, 4.55% annual interest rate. Log in Sign up. The monthly payments will be: Ms. Garcia makes a down payment of 25% on the $280,000 home she is purchasing. Mr. Shelton also expects to sell the property one year later and recoup the $300,000 renovation cost. The adjusted basis of a property is defined as: Original cost + capital improvements - accumulated depreciation. Mr. Gosling is a banker and has approved a loan that gas a participation clause. serranowish. Florida Real Estate Class Final Exam Flashcards Quizlet. Log in Sign up. The borrower has defaulted on the loan, Lenders prefer to make non-recourse loans since these loans provide less risk. Terms in this set (13) What is Appurtenances? Real Estate Flashcards. Support Union Test Prep. View Real Estate Analysis UNF Morris Exam 1 Flashcards - Questions and Answers _ Quizlet.pdf from CS 1103 at University of Notre Dame. Gravity. An amortized loan payment will always result in a lower debt coverage ratio than an interest-only loan with the same interest rate. A sale in which the proceeds from the sale are less than the balance owed on the loan secured by the property sold. Gravity. Mr. Fife purchases a property that produces a first year NOI of $100,000 which is expected to grow by 2.50% per year. Create. $17.99. 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. She is analyzing an income producing property that produces an after tax IRR of 6.50%. In Stock. Mr. Fowler is purchasing a $320,000 home by borrowing 80% of the purchase price. Mr. Bojangles owns a property he bought for $500,000. profits come from if building is sold at a higher spell. What is the expected sales price based on a capitalization rate of 7.50% applied to the 11th year NOI? Which of the following types of bankruptcy is filed with the end result of liquidating the debtor's assets? Search. Real Estate Fundamentals (75 cards) 2021-04 … If he chooses the 4.70%, he will borrow $300,000. His loan terms are: 30 years amortization, monthly payments, 4.95% annual interest rate. He has talked with several lenders and determined that the best annual interest rate he can get is 4.75%. 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%. STUDY. 41 people watched. Match. Paperback. Search. Spell. Create. If held and sold in 10 years, the property is expected to provide $775,000 in after-tax cash flow. match. Start studying Real Estate Final. Office expenses are $7.50 per square foot and an expense stop is set at $6.50 per square foot. 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. a contract for fo…. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 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. The balance on the current loan is $7,200,000. Taxablr joint ventures, joint accounts or consortia 5. John A. Yoegel. Write. Test. A building owner charges net rent of $22 in the first year, $23 in the second year, and $24 in the third year. In Stock. A quitclaim deed can be described as follows: A deed that simply coveys to the grantee the rights, interests, and title of the grantor. Real estate investment trusts (REIT) 2. Business partnerships 3. Flashcards. 7 days ago . 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? Start studying Real Estate - Financing In MD. Real Estate Final. write. What are the total expenses paid by the landlord and tenant respectively? krupp2020. Home Browse. the date upon which both parties have signed the contract. Learn vocabulary, terms, and more with flashcards, games, and other study tools. If the property is expected to be solid in 5 years, what is the incremental cost of refinancing? The tenant will be responsible for property taxes, insurance and maintenance. Start studying Nevada National Real Estate Exam. It's a fun and fast way to master key content and boost your score on test day. $14.38. play. Study Stack Real Estate Study Flashcards: Review 650+ real estate terms from the glossary of a real estate text book. Using an 9% discount rate, what is the effective annual rent over the three years? Of the total. $265,000, 30 years amortization, monthly payments, 4.07% annual interest rate. Learn vocabulary, terms, and more with flashcards, games, and other study tools. brady1234. all glossary terms from real estate textbook (670 cards) 2021-04-29 59 . shxwnjr.