The issue's indenture provision prohibits the firm from redeeming the bonds during the first three years. 45. On a scale of 1 to 4, where 4 is the most likely, what is the likelihood that there will be mold growing inside the house? Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Fundamentals of Financial Management, Concise Edition, difference between the present value of a project's cash inflows and the present value of the project's cash outflows. Unit 6 Bus1-170 Exam 2 A loan which requires the borrower to pay interest only until the maturity date (or due date), and then pay the entire principal on the maturity date, is called a, The real estate licensee who accepts an undisclosed fee for referring a buyer to a specific title company may be in violation of. They have chosen _______. chapter 9 study set. The accounts of Custom Pool Service, Inc., follow with their normal balances at June 30, 2012. Nederlander has been forced to cut one song from the show due to censorship imposed by the nation's government. Which of the following is TRUE regarding advertising by real estate teams? When two or more lots are combined to form one larger parcel, this is called: Which of the following methods of estimating cost is the most accurate and the most time, When an appraiser uses more than one of the approaches to value on a single property, the, A type of depreciation that results from outdated design or technology is called, If your property is located next to a toxic waste dump, you might expect to have which of the. Recently, there has been a growth in assisted living centers across the United States as the number of adults aged 65 and older increases due to individuals living longer. How many square feet are there in an acre? _____ is a federal law that requires disclosure to borrowers of closing costs and procedures by means of a pamphlet and forms approved by the United States Department of Housing and Development. If the $24 purchase price could have been invested at a 4% annual interest rate, what is its value as of 2012 (386 years later)? 14. Both units are connected to the Ring application that notifies Maya and Damone any time a person is in view of either device. Study with Quizlet and memorize flashcards containing terms like Teresa is a civil engineer who uses her automobile for business. Prop 30 is supported by a coalition including CalFire Firefighters, the American Lung Association, environmental organizations, electrical workers and businesses that want to improve Californias air quality by fighting and preventing wildfires and reducing air pollution from vehicles. Luca is an avid coffee drinker. WeatherTech manufactures custom floor mats and accessories for automobiles. Under the real estate licensing law, a violation of law results if a licensee fails to reduce an offer to writing when a proposed buyer requests that it be submitted. Fill in the blank: Consent is vitiated when it has been obtained by ____of such a nature as to cause a reasonable fear of unjust and considerable injury to a party's person, property or reputation. An appraiser who is certified to appraise land and residential units including single family residences and up to four-plex residences is known as a: The _______ age is the age of the improvement(s) based upon the amount of observed deterioration and obsolescence sustained. Study with Quizlet and memorize flashcards containing terms like A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called, Antitrust laws prohibit competing brokers from all of the following, When a sewer line is installed down a rural road, the cost will probably be shared by and more. real estate exam Which of the following 10-year annuities has the greatest present value (PV)? Unit 13 The kids usually accompany Consuela on trips to the grocery store, and she's often amazed at how frequently they ask for items that are not on the shopping list. She reviews the recommended cameras on the syllabus and notices her instructor did not include any Sony cameras. Jos is shopping at Kohl's for dress pants and notices several varieties of Dockers brand pants by Levi's. She thinks the brand offers the highest level of luxury in a sport utility vehicle. A seller tells the listing agent that her home was treated for termites 10 years ago, so there are no termites now. If a security currently worth $12,800 will be worth $18,807.40 five years in the future, what is the implied interest rate the investor will earn on the securityassuming that no additional deposits or withdrawals are made? Page 3 of 76 . Before the listing agent has had a chance to present the offer to the seller, a better offer comes in. U.S. appeals court says CFPB funding is unconstitutional - Protocol Sparrow Sporting Goods reported the following data at March 31, 2012, with amounts adapted in thousands: Sparrow Sporting Goods Company Income Statement For the Year Ended March 31, 2012 The lowest down payment requirements typically are those of, A loan that includes both real and personal property is, the lesser of $500,000 or 1% of the creditor's net worth, plus attorney's fees and court costs, The Truth in Lending Act (TILA) provides penalties for noncompliance. Harry's uses a variety of promotional media including advertisements on ESPN to create awareness about its brand and to influence purchase consideration. 50. One of the four major time value of money terms; the amount to which an individual cash flow or series of cash payments or receipts will grow over a period of time when earning interest at a given rate of interest. An owner agrees to pay a commission if his property is sold but doesn't want to sign a listing agreement. What happens if building restrictions (CC&Rs) are not recorded? The complex has a swimming pool, and a management company takes care of the upkeep of the outside of the property. Sally has violated the law and LREC rules & regulations unless permission was given in the listing to place a sign in the yard. a. Which occupation makes the top 10 listed of nearly every published piece of research on stress? From the following select all correct answers. Global marketing must take into consideration the value of its country's currency in relation to the countries' currency where its products will be sold. An easement and a license to use property are different because: 18. It has 200 multiple choice questions, with 100 questions in each time period. What must the lender do to recover the $14,000 that the borrower still owes? 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. Which of the following ratings indicate that a bond is low quality? 44 terms. unless prohibited by the lease, the original. Samantha_Mohrhauser. The membership dues for the ADLA are $800 per year and must be paid at the beginning of each year. These bonds have now been downgraded to junk status. The bond quote is 98.6. Which of the following individuals involved in a Louisiana real estate transaction is responsible for ordering the title commitment? This is effected under Palestinian ownership and in accordance with the best European and international standards. The Real Estate Law is upheld and enforced by the: b. A local bank's advertising reads: "Give us $10,000 today, and we'll pay you $200 every year forever." Parcels A, B, and C are located side by side and owned by three different owners. The Cowboys just signed a new rookie to a 5 year contract with a 10M signing bonus and $292,000 to be paid per month. The buyer can. British consols are British government bonds that promise to make payments of a specified amount at regular intervals to the bearer forever. Chapter 11 SmartBook 15. Eddie Bauer believes each state within a region is relatively similar in terms of climate, so the chain can determine styles that are best suited to those temperatures and weather patterns. This is an example of, A managing broker can be held responsible for. A bond's face or maturity value is generally $1,000 and represents the amount borrowed from the bond's first purchaser. A clause which is found in certain types of mortgages that gives permission for another. The agreement is offering an implied interest rate of 11.00% . 21. You want to invest $24,000 and are looking for safe investment options. Caterpillar is using _______ as a segmentation variable. Heritage Glass in rural Tennessee expects 60 to 70 percent of its sales to come from regions outside of the United States including the Philippines, Europe, and South America. Due to the large number of grocery shoppers they would like to reach, the marketers expect this will take several months to complete. B. Anti-trust laws cover group boycotting, tie-ins, allocation of market, and price fixing. If interest rates are expected to remain constant, what is the best estimate of the remaining life left for Badger Corp.'s bonds? individuals or couples who own their own home, needing to purchase new or replacement furniture and appliances, with the disposable income or access to credit to afford new items, and a desire to purchase. In 2012, the ______ was signed by Colombia, Chile, Peru, and Mexico to create a single region for the free movement of goods, services, investment, capital, and people. A _____ agent may represent both the buyer and the seller in a transaction. How much money will Ashley have to buy a new LCD TV at the end of two years? 8. It is five hours long and is divided into two, two and half hour segments, one in the morning and one in the afternoon. Which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue? \text{Other assets} & \text{22,000 }\\ A real estate licensee has found the perfect listing: a secluded four acres easily accessible to schools, churches and shopping with trees and in the back yard, a pond. A landowner wishes to build a neighborhood grocery store on a busy street in an area zoned for residential use. The Dollar Store has created a unique following of budget-oriented shoppers by offering products priced at $1 and up. Now, assume that Zoe's savings institution modifies the terms of her account and agrees to pay 7% in compound interest on her $900 balance. The appraisal is focused on establishing a ________ for loan purposes. Michael inherited an annuity worth $7,105.97 from his uncle. \text{ } & \text{Fixed cost per Month} & \text{Cost per Car Washed}\\ In addition to the two licensed salespersons on the team along with their first and last names, they also included Betty who schedules showings and Barry who installs yard signs for a team of four. personality life events age gender While the buyer. Exam However, Badger Corp. may call the bonds in eight years at a call price of $1,060. Which of the following is, The man is the trustee with his sister as the beneficiary, A tenant was renting a property for use as a beauty shop. The accounts are listed in no particular order. The principle of _____ may be illustrated by a higher value house among less expensive homes losing its value. Learn. If the family room is 22'6"x 15', how much will it cost the sellers (to the nearest cent)? This decision was likely based on the Nederlander Group's examination of Argentina's _______. If all other factors are equal, in which location is a parking lot likely to bring the highest sales, business district zoned for a six-story office building. Which type of listing is the best one to ensure the broker a commission? The monthly cost for pool maintenance, grass cutting, tree trimming, private street maintenance, and the newly-updated Maui Jim is a manufacturer of premium sunglasses. \text{Cost of goods sold } & \text{136,000 }\\ An annuity that pays $1,000 at the beginning of each year. Under the Title Theory, who is the legal owner of the mortgaged property? What is created when this occurs? Over the last several years, the U.S. dollar has been strong, meaning that it has a higher value than the currency in other countries. Placing listings with a multiple listing service is not considered to be advertising. When the coupon rate is greater than Oliver's required return, the bond should trade at a premium. He called the lender and requested a time extension. Interest rates on short-term maturities are lower than rates on long-term maturities. The Real Estate Settlement Procedures Act (RESPA) rules apply to what type of loans? ), Your friends suggest that you take a 15-year mortgage, because a 30-year mortgage is too long and you will pay a lot of money on interest. A federal law enacted into law in 2000 that legalized the use of electronic signatures and records is known as the: On the closing documents the entry POC may be seen. However, the Bahamas is well known for its cigars and rum, which are exported around the world. The larger the federal deficit, other things held constant, the higher are interest rates. Depreciation on the facility totaled $37,500. Microsoft takes the gloves off as it battles Sony for its Activision These connections include all of the following except: Current fair housing regulations have their roots in the 19th century. She starts to save $850 every year and plans to renovate her kitchen. Typical residents in congregate housing ( continuing care retirement communities) are single (usually a woman), age __ to ___, who is generally in good health, able to live independently, but who may require periodic medical care. Yield to maturity (YTM) is the rate of return expected from a bond held until its maturity date. It includes the following information: If the price of the bond is initially discounted and offers no coupon payments, the bond is called a zero coupon bond. 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. Mortgage brokers underwrite loans and fund them at closing. It emerged from the bankruptcy protection by July 2009, after it received funding from the US government, the Canadian government, United Automobile Workers Union, and GM bondholders. The FabCab website suggests its units are appropriate for hobby spaces, artist studios, backyard escapes, and offices. Bertrand's parents are originally from France. Real Estate Practice Exam Questions. He's interested in studying abroad and chooses a program in Angers, France that is approved by his university. _____ is the use of a property's location to deny financing. Real Estate Flashcards use it Who may be exempt from the Fair Housing Act of 1968? Nazim is likely to put the bonds when: Nazim also recently bought bonds that have their interest rate tied to the consumer price index (CPI) so that he will be protected if inflation rates increase. Today, the market rate of interest on these bonds is 7.2 percent. What is the coupon rate? The man dies and his interest in the warehouse is inherited by his heirs. Bus1-170 Exam 2 A is worth $20,000, B is worth $27,000, and C is worth $16,000 for a total of $63,000. A six-year, semiannual coupon bond is selling for $991.38. Anticipated acquisition by Microsoft Corporation of Activision The demand for US Treasury bonds increased, which led to a rise in their price and a decline in their yields. \end{matrix} What could account for the difference between Jeff and Rishaan's recollection of this issue? The annuity fund is offering a return of 12.00% . Most purchase agreements fall into which of the following categories? 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. What is the coupon rate? Study with Quizlet and memorize flashcards containing terms like The seller, A definite termination date must be included, $15,000 and more. \text{Note payable } & \text{11,500 } & \text{Retained earnings.. } & \text{ 24,700}\\ About Our Coalition. In addition, The Western Store sponsors several high school students who compete in rodeo competitions. In January 2009, American electronics retailer Circuit City Inc. closed all of its stores and sold all of its merchandise. The Dollar Store is using _______ as a positioning base to differentiate its stores from its competition. 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00, Heather has An annuity is a series of equal payments made at fixed intervals for a specified number of periods. Identify the interest rate that corresponds with each line. Heritage Glass has a _____ vision. A broker in listing a house, wanted an exclusive right to sell the property for 90 days. He's traveled with his friends in their trucks and likes the ability to have the cabin comfort of a car but the flexibility of cargo space for hauling equipment. b. broker is notified of the seller's acceptance. who are the associate members of Mercosur? Suppose that a small, rural city in the countryside of North Dakota plans to issue $150,000 worth of 10-year bonds. Power centers were developed primarily between the mid-1980s and early 2000s and are also referred to as super community centers. Include a toll-free number on the website which is answered by a service representative on the first or second ring and who is knowledgeable enough to address any questions or concerns a customer might have. Companies like State Farm, a leading property and casualty insurance company, believe that the best way to create relationships with customers is to join them in activities they enjoy. Based on your understanding of bond ratings and bond-rating criteria, which of the following statements is true? 6.84%. Under the concept of "Fitness for Use," anything sold must be fit for its: What should you do if a claim is made against you? Is a person with a mental illness who is completely cured covered by the Civil Rights Act of 1968? This process requires knowledge of the values of three of four time-value-of-money variables. The monthly cost for pool maintenance, grass cutting, tree trimming, private street maintenance, and the newly-updated The process of determining the risk a lender is incurring by lending a sum of money to a certain borrower is called. It is based on the bond's rating; the higher the rating, the lower the premium added, thus lowering the interest rate. It can be used to describe land of any shape. The interest rate that investors require is determined by several factors, including the availability of production opportunities, the time preference for current consumption, risk, and inflation. N2Care is utilizing a(n) _______ targeting strategy. Now, consider the situation in which Ethan wants to earn a return of 8.50%, but the bond being considered for purchase offers a coupon rate of 10.50%. Which of the following is NOT a valid reason for terminating an agency relationship, The seller decides he would rather sell the house himself. The worst has happened and a buyer's application for a mortgage has been rejected by Big Lender Bank and Trust. To work as a real estate salesperson or broker in California, you must have: a. a real estate license issued by the California Bureau of Real Estate. Congratulations! Employers are more likely to give raises and bonuses in which part of the business cycle? These bonds have current yield of _____ percent, a yield to maturity of _____ percent, and an effective annual yield of _____ percent. The membership dues for the ADLA are $750 per year and must be paid at the beginning of each year. Your real estate agent earns $5,000 commission when you sell your 100-year-old house for $100,000. Is the contract to purchase and sell still valid? What happens to the PV of a set amount if the length of time shrinks, but the rate stays the same? The recommendation stated that it's a much more formal process in China and that it was important to use two hands when presenting a card to another person. Noting the popularity of reality and competition television shows such as Survivor on CBS, The Voice on NBC, and The Bachelor on ABC, Netflix would like to create an original series to compete with these network offerings. real estate Find your state and pick the right real estate exam prep package for you. It changes over time, depending on the expected rate of return on productive assets exchanged among market participants and people's time preferences for consumption. 3. Which method of determining value is generally the best one and the most used? What other information does she need? The monthly cost for pool maintenance, grass cutting, tree trimming, private street maintenance, and the newly-updated Zoe deposited $900 in a savings account at her bank. A type of deed that guarantees more than the quitclaim but less than the special warranty deed is. Unilever also recognized that lower-income consumers in emerging markets may not be able to afford Unilever products. A developer obtained a loan for 12 parcels of real estate. In India, water can be scarce. During the credit crisis of 2008, investors around the world were fearful about the collapse of real estate markets, shaky stock markets, and illiquidity of several securities in the United States and several other nations. The company is interested in identifying viable markets in order to be more effective in marketing its products and services. Two investors buy a building as joint tenants. Microsoft is building an Xbox mobile gaming store to take on The landlord can keep a security deposit for which of the following reasons: Single-family homes rented without the use of a real estate agent or advertising are exempt from the Federal Fair Housing Act, as long as the private landlord/owner doesn't own more than _____home(s) at the time. What kind of risk is Frank most concerned about protecting against? Real Estate This person is called the, First hand information regarding a property is known as, The gradual increase in the size of a property as the result of some natural process is called accretion. What is his contract worth? This is the rate on a Treasury bill or a Treasury bond. Summary Opinion 2009-29: Real estate Agent; Sole-proprietor Schedule C; filed as a Real Estate Professional (real estate sales license) Losses However, on November 30, 2009, the company had $75 million in cash on hand. The fee for the broker exam is $95. A buyer is purchasing the house with the closing set for March 1. Real Estate Principles Final Which of the following are characteristics of a perpetuity? The materials breakdown over time into a fine dust which is then inhaled into the lungs. A prospective buyer requests to be shown residential properties. One of Rishaan's friends, Jeff, asked him about the Volkswagen diesel emissions problem, but Rishaan said he wasn't aware of any problems. Pasua is always amazed how Amazon's suggestions of products she might like are so on-point. 31. A bond has a $1,000 face value, a market price of $1,045, and pays interest payments of $80 every year. Which of the following characteristics MOST likely explains the price difference? If your bank approves a 15-year, $850,000 loan at a fixed nominal interest rate of 10% (APR), then the difference in the monthly payment of the 15-year mortgage and 30-year mortgage will be $1,674.83 ? For every 1000' that you go up in elevation, you probably experience about a 2.4 F degree decrease in temperature. Unit 6 An agency relationship between a property owner and a property manager is usually created by. Which of the following is NOT usually prorated at closing. A buyer who walked into your open house Sunday afternoon calls Monday and says he wants to make an offer. The bonds carry a 7 percent coupon, pay interest semiannually, and mature in 13.5 years. In general usage, this is often referred to as the: When is it permissible to use interior measurements when calculating total area? Solumbra's product line is consistent across its global markets which provides efficiency in manufacturing. real estate She is so excited about the listing that she immediately places a "For Sale" sign in the yard, forgetting to get permission from the seller. Yka ultimately purchases a Canon and is happy with her purchase as most of the students in her class purchased the same camera. The EU Mission for the Support of Palestinian Police and Rule of A 5.5 percent $1,000 bond matures in seven years, pays interest semiannually, and has a yield to maturity of 6.23 percent. One of the elements of a valid contract is mutual consentan offer and an acceptance. each country should specialize in the products or services that it can produce most readily and cheaply and trade those products or services for goods and services that foreign countries can produce most readily and cheaply, policy of permitting individuals and businesses in a country to buy and sell in other countries without restrictions, where a nation protects its home industries from foreign competitors by establishing artificial barriers such as tariffs and quotas, the total market value of all final goods and services produced in a country for a given time period, returning production jobs to the United States, a company that is heavily engaged in international trade, beyond exporting and importing, using more capital than labor in the production process.
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