It will take approximately 7.00 years for Jamie to save enough money to go to business school. ARM's remain popular during periods of rising or volatile interest rates, since borrowers are very often qualified for the loan based on payments using the ______ rate. A deposit of $10,000 is given to the broker and put in his escrow account. Many customers appreciate the benefits of joining Amazon's Prime membership program that provides free shipping on many products. If a court is called upon to determine the intent of the parties to a contract based upon the language in the contract, the court will interpret the contract _____ the party that did not draft it. The bonds have a coupon rate of 6.5 percent and pay interest annually. 15. B. One of the elements of a valid contract is mutual consentan offer and an acceptance. At a minimum, such buildings would need to be subjected to at least a Phase I environmental inspection following federal guidelines of __________ which is commonly called the Superfund. Overwatch 2 reaches 25 million players, tripling Overwatch 1 daily Which equation best represents the calculation of a future value (FV) using: The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods. Under California law, any person filing a lawsuit must follow the time limits in the: 58. RULE 144 Under the de minimis exemption, an initial public offering of common stock may be sold to an account where restricted persons have a beneficial interest as long as their interest in the account does NOT exceed. You have the opportunity to invest in several annuities. If the Fed contracts the money supply, less capital is available to be invested. Thus, JCPenney is attempting to change consumers' perceptions about its stores in relation to its competitors. She wears only Nike shoes and sports apparel and has adopted the Nike slogan, "Just Do It" as her personal statement and the way she approaches life. In which type of deed does the grantor guarantee the title only during the time that he actually owned the property? Which institutional lender commonly makes short-term construction loans? Anticipated acquisition by Microsoft Corporation of Activision The difference between the value of exports of a country and the value of its imports over a given period is called _______. She wants to determine the expected cash flow. 5% coupon bond paying semi-annual payments 11 years until maturity and currently selling for $989 What is the yield to maturity? Of the following, which is a measurement of the efficiency of energy used to determine the effectiveness. Nazim has invested in indexed bonds . Another student, Jayden, has been using a Canon for several years. A buyer who walked into your open house Sunday afternoon calls Monday and says he wants to make an offer. Subdivision laws were created to protect: d. tends to set the upper limit of value for a property. This is effected under Palestinian ownership and in accordance with the best European and international standards. The first payment on the lottery jackpot will be made today. Traditionally, the ratio is, The provisions of the Truth in Lending Act (Regulation Z) require all of the following to be disclosed to a residential buyer EXCEPT, insures deposits in insured institutions up to $250,000 per depositor, per account. \text{Total current assets } & \text{88,800 }\\ they have a relatively low loan to value ratios, Conventional loans are generally viewed as the most secure loans because. Which law prohibits race-based discrimination under any circumstances with no exceptions? 10. Summers Tax II Chapter 18 When are issuers more likely to call an outstanding bond issue? loss of real estate agents professional license. Which of the following is an example of an annuity? She thinks the brand offers the highest level of luxury in a sport utility vehicle. Because subscribers could view Bandersnatch multiple times and choose varying paths, surveying subscribers soon after viewing was key. In present value terms, you really won $46,532,071.09 assuming annual interest rate of 5.00%. 40. "Sinc Occupancy in housing that qualifies for the federal program LIHTC (low income housing tax credit) program is limited to households whose incomes are less than 60 percent of a metropolitan area's median income. One man dies leaving his entire estate to his two children. Many people find it laughable that Manhattan Island would be sold for $24, but you need to consider the future value (FV) of that price in more current times. Your brother-in-law, a broker at Safe and Sound Securities, has given you the following estimates of current interest rate premiums: A Treasury bond that matures in 10 years has a yield of 4.75%. True or False? Lloyd is a divorce attorney who practices law in Florida. A popular Caterpillar product is the skid steer loader, which is commonly used in general construction, agriculture, and landscaping. A _____ agent may represent both the buyer and the seller in a transaction. Community economic development encompasses a wide range of activities and initiatives that are intended to build wealth and value at multiple levels including: As prime developable land becomes scarce and developers turn to passed over sites for new projects. real estate exam YES, as long as the trust document does not prohibit such an act, An entity to which the law attributes personality, such as a corporation or a partnership. The opportunity cost (interest rate) of holding the security is 6.80%. Which document is used by a seller to describe the condition of his property to the buyer? debit to the buyer, credit to the seller. B. He's interested in studying abroad and chooses a program in Angers, France that is approved by his university. A tenant rented an apartment, signing a 15-month lease. The process for converting present values into future values is called [compounding] . Caterpillar is using _______ as a segmentation variable. Real Estate Flashcards use it Which one of the following is the price that an investor pays to purchase an outstanding bond? Florida Real Estate Exam Questions A(n) _____ could not enter into a contract. Exam there are a number of conditions that foster mold growth. In Tennessee, how many hours of approved real estate courses are required before taking the Treasury bonds are not completely riskless, since their prices will decline when interest rates rise. Study with Quizlet and memorize flashcards containing terms like When you refer to a bond's coupon, you are referring to which one of the following? Kempton Enterprises has bonds outstanding with a $1,000 face value and 10 years left until maturity. The 4 stages of the life cycle are Growth, Stability, Decline, and ___________. The new 1988 Federal Fair Housing Act went into effect: The four physical characteristics of land are, permanence, immobility, complexity, and uniqueness, The four economic characteristics of land are, scarcity, modification, fixity of investment, and situs. Study with Quizlet and memorize flashcards containing terms like VA, a package loan, the lesser of $500,000 or 1% of the creditor's net worth, plus attorney's fees and court costs and more. Flashcards. Real Estate After the lease expired, the tenant paid 1 month's rent and got a receipt. A condominium is sold. However, some customers may have questions before or after purchase. Hayley is a senior in high school who wants to major in healthcare administration in college. What type of loan arrangement provides for the release of the mortgage lien on each parcel of a large group of properties when certain payments are made on the loan? At the end of each year, she deposits $1,620 in her bank account, which pays her 10% interest annually. She dreams of purchasing a Range Rover Sport vehicle that retails for approximately $70,000. A check sub, or register, should be filled out every time a check is written. Interest rates on short-term maturities are lower than rates on long-term maturities. Issuers can gradually reduce the outstanding balance of a bond issue by using a sinking fund account into which they deposit a specified amount of money each year. If the $24 purchase price could have been invested at a 5% annual interest rate, what is its value as of 2012 (386 years later)? Quizlet: Real Estate Practice (PDF) Real estate questions and answers in PDF format. She enjoys yoga and Pilates and hopes to find a studio in her new city so she can continue her fitness routine. 32. Which of the following investments that pay will $10,000 in 5 years will have a higher price today? Which statement is not true regarding dual agency? You have the opportunity to invest in several annuities. The power of the government to seize owner-less land is called: A monetary claim upon the property of another, which uses the property itself as security for. \text{Cash.} & \text{9,200} & \text{Salary expense.} & \text{8,500}\\ 45. Time value of money calculations can be solved using a mathematical equation, a financial calculator, or a spreadsheet. The bonds have a par value of $1,000, and their current market price is $1,190.35. Regarding a deposit and earnest money in a purchase agreement: Brokers who accept deposits must place the deposit in a(n): Parties may stipulate the damages to be recovered in case of nonperformance, defective performance, or delay in performance of an obligation. Identify the interest rate that corresponds with each line. The broker or the broker's salesperson must put trust funds into a neutral escrow depository or into a lawful trust account no later than ______ business, 59. The accounts of Custom Pool Service, Inc., follow with their normal balances at June 30, 2012. A leasehold is occasionally called a(n): 97. The bonds have the same expected total return. Write the debit or credit amount in each T account to show the transactions effect. Nazim has invested in purchasing power bonds . The graph's yield curve is referred to as a humped yield curve. Deductible for AGI or from? Which of the following are examples of common inaccuracies in advertising? Filing documents in the public records at the court house is considered to be what type of notice? Procter & Gamble is using _______ targeting. 79. Which of the following may be considered prima facie evidence of discrimination by a broker? Historians estimate that the price he paid for the island was about $24 worth of goods, including beads, trinkets, cloth, kettles, and axe heads. Ownership along non-navigable riparian waterways is, A free-standing china cabinet built to fit into a corner of a dining room would be considered, Ownership along navigable riparian waterways is, A property owner owns land near a waterway with no access to the water. Real estate The bond has a face value of $1,000 and a yield to maturity of 9.19 percent. b. broker is notified of the seller's acceptance. If a bond is selling for a price much lower than its par value, it is most likely that the bond is an outstanding bond. What prohibits price fixing, agreement between brokers to divide their markets, and Board of Realtors selling commission rates? These bonds have current yield of _____ percent, a yield to maturity of _____ percent, and an effective annual yield of _____ percent. Store space, whether in malls, strip centers, or shopping districts is usually measured as: In an ad featuring a team photo, each person must be identified by their: In advertising as a licensee, if you choose to use a nickname or any name other than the name under which you are licensed, what form must you submit to LREC? What is the effective interest rate that Rahul would pay for the loan? A(n) _______ is a listing tool that a sales agent prepares in order to show a seller what the home is likely to sell for, and it also helps the agent decide whether or not to accept the listing. Franchise companies must display "independently owned and operated" on which pages of internet advertising? Travis recently purchased a callable bond. If a lender agrees to make a loan based on an 80% LTV, what is the amount of the loan if the property appraises for $314,500 and the sales price is $316,900? Captiva uses its website to fulfill orders from women around the world but has its offices in the United States. The wife dies and names their two, The children have no ownership in the home. She made her choice because of the _______ value of the Ninja but was then thrilled when she received more value than she expected from its performance. When there is an intent to deceive such as lying or intentionally withholding pertinent information, Errors regarding the facts of a contract are called, The concept that one may lose his legal rights if he inexcusably fails to exercise them within a, This clause insures that the broker will receive a commission if his client buys the house within a, In which type of listing contract does the seller retain the right to employ as many brokers as he. The annuity fund is offering a return of 12.00% . However, the ADLA also has an option for members to buy a lifetime membership today for $8,500 and never have to pay annual membership dues. One of the elements of a valid contract is mutual consentan offer and an acceptance. What stage in the consumer decision-making process is Carlos in? c. offer is accepted by the broker. Applications for liquor licenses are filed with _____. ), You've decided to buy a house that is valued at $1 million. Funds deposited in a Rental Trust Checking Account may be withdrawn in order to disburse funds upon a reasonable interpretation of the contract that authorizes the broker to hold such funds, provided that the disbursement is not made until ____days after the broker has notified all parties and licensees in writing. Which of the following statements is NOT correct regarding recorded leases? In contrast, people living in the Midwest might ask if the guest would like a pop or soda pop. Which one of the following compensates bond investors for this risk? If Olivia had deposited $800 at her local bank, how much would she have had in her account after 5 years? Prepare the company's planning budget for August. and more. The mortgage contains an acceleration clause. 88. Microsoft is building an Xbox mobile gaming store to take on The 6 percent coupon bonds of Precision Engineering are selling for 98 percent of par value. \text{Add: Net income } & \text{10,500 }\\ Under this loan proposal, your mortgage payment will be $9,257.51 per month. When the coupon rate is greater than Ethan's required return, the bond should trade at a premium. If the annuity's appropriate interest rate (I) remains at 5.00% during this time, then the value of the annual annuity payment (PMT) is $625.00 . 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