Which of the following is an advantage of purchasing a commercial property compared to a residential property?

Which of the following is an advantage to purchasing a commercial property compared to a residential property quizlet?

Which of the following is an advantage to purchasing a commercial property compared to a residential property? The vacancy rate is higher than residential properties.

Which of the following best describes title insurance quizlet?

Which of the following best describes title insurance? Protection to an owner of property against losses sustained as a result of a defective title to real estate.

What powdery mineral is a health hazard when airborne?

Although asbestos is hazardous, the risk of asbestos-related disease depends upon exposure to airborne fibers.

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Why would municipal governments be concerned if property values are falling?

Why would municipal governments be concerned if property values are falling? Because the majority of their revenue comes from real estate taxes. When property values fall, revenue for municipal governments also falls.

Which of the following is an advantage to purchasing a commercial property compared?

Which of the following is an advantage to purchasing a commercial property compared to a residential property? +Business tenants are generally easier to deal with than apartment house tenants. The vacancy rate is higher than residential properties.

What is an advantage of a VA loan compared to a traditional mortgage real estate quizlet?

The advantages of a VA loan are: A. No down payment 100% LTV. No down payment is required to a borrower on loans up to the current maximum loan amount if the borrower pays the VA appraised value for the property.

Which of the following is normally prorated at closing?

There are several expenses prorated at closing, include property taxes, homeowner’s insurance, HOA dues and mortgage interest.

Which of the following would most likely be prorated on a closing statement?

6. A Explanation: Taxes, insurance, and mortgage interest payments are typically prorated on a closing statement.

Which of the following is a GSE quizlet?

Which of the following is a GSE? Explanation: The Federal National Mortgage Association (better known as Fannie Mae) is a GSE, which purchases loans from primary market lenders.

What is a major downside for a business to on its own building?

What is a major downside for a business to own its own building? Tax write-offs would be lost. Capital depreciation on assets is less. Maintenance and repair activities could cause the business to lose its business focus.

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What is the best suggestion to give sellers when a showing is scheduled?

What is the best suggestion to give sellers when a showing is scheduled? Leave the property.

In what type of foreclosure does a lender give a borrower a notice of default in a form prescribed by the state?

In a nonjudicial foreclosure, you might get both a notice of default and notice of sale. Learn more about these documents. In a nonjudicial foreclosure, borrowers sometimes receive a Notice of Default and a Notice of Sale, depending on state law.

Which of the following would be deemed an advantage of a subagency arrangement?

Which of the following would be deemed an advantage of a subagency arrangement? Subagency is an easy way for the cooperating broker to share in the commission. What is an agent called who represents only one person in the transaction, either the buyer or the seller?

What is a disadvantage of real estate investment?

Real estate investing can be lucrative, but it’s important to understand the risks. Key risks include bad locations, negative cash flow, high vacancies, and problem tenants. Other risks to consider are the lack of liquidity, hidden structural problems, and the unpredictable nature of the real estate market.

What is the difference between market value and market price of an quizlet?

What is the difference between market value and market price, if any? Market value is an estimate; market price is the price at which a property sold.