Quiz 1
1.
You need money and/or credit to make money in real estate.
2.
You are considering the purchase of a fully-rented, five unit commercial property. In order to determine the NOI, you should use:
3.
As investors, the real estate market is best when:
4.
You locate a property with $50,000 of equity, and your intention is to control the property and resell it quickly for a profit. Which of the following would you use in order to avoid paying taxes?
5.
A "codicil" is which of the following?
6.
7.
Hansel and Gretel partnered to buy a property as joint tenants. When Hansel dies, his interest will go to:
8.
Which of the following liens would generally be given the highest priority?
9.
Loretta makes an offer on Orit's house, and Orit accepts. Both parties sign the sales agreement. At this point, Loretta has what type of title to the property?
10.
If a borrower pays $2,700 for points on a $90,000 loan, how many points is the lender charging for this loan?
11.
The clause in a note that gives the lender the right to have all future installments become due upon default is the:
12.
The borrower under a deed of trust is known as the:
13.
Which of the following appraisal methods uses a rate of investment return?
14.
To determine whether a location can be put to future use as a retail store, one would examine the:
15.
