GA Real Estate (127)
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Miami Dade College, Miami *
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Course
MISC
Subject
Finance
Date
Nov 24, 2024
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Pages
1
Uploaded by MegaWallabyMaster993
GA Real Estate Practice Questions and Answers Latest
Update 2023/24 (Verified Answers)
What is it called when a mortgage loan amount becoming larger than the
original loan amount, resulting in a decrease of the equity the borrower has
in the property? -
correct answers
✅
Negative Amortization
The most important document at closing is the -
correct answers
✅
deed.
Where would a borrower look to determine if the mortgage lender intends
to service the loan or transfer it to another lender? -
correct answers
✅
At
the Mortgage Servicing Disclosure Statement
Who should have title insurance? -
correct answers
✅
The buyer and the
lender
If a seller is looking for a non-minority home buyer, you should -
correct
answers
✅
advise the seller of his legal and contractual obligation not to
discriminate.
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Related Questions
Wich is the right answer A thru D ?help
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What is the right answer A thru D
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Cost of the Home $ Down Payment A:
% Down Payment B:
% Down Payment C:
% Down Payment
Amount Your equity (financial contribution to the purchase of the home) $ $ $ Initial Mortgage Required (cost of home
down payment) $ $ $ Not for the mortgage itself, but for insurance on the mortgage so be sure to use the tool provided
to find the correct rate according to the regulations Mortgage Insurance RATE (if applicable) % % % Mortgage Insurance
DOLLAR AMOUNT (if applicable) $ $ $ Final
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Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
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How do I create a new fixed asset account with an account type: Fixed Asset, detail type: Machinery & Equipment, name: Equipment and track deprecciation of this asset in QuickBooks? When I go to the Chart of Accounts to create a new account, I get the attached photo. There's no where to check the "track depreciation" check box.
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Discharge for qualified principal residence indebtedness (QPRI) is:
Not likely to trigger cancellation of debt income.
When the bank takes the home from the borrower to satisfy the mortgage debt.
Available for a second home.
A restructuring of a loan that allows the borrower to retain ownership of their home.
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Answer the following using the FASB codification
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Mortgage fees paid by the homeowner at, or prior to, closing on the purchase of a house typically include all but which one of the following?
a.
Application fee
b.
Title search fee
c.
Title insurance fee
d.
Appraisal fee
e.
Prepayment penalty
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Pls help ASAP on both
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Question 1
Rules of the internal revenue service concerning the deductibility of points on a mortgage DO NOT include,
A for a buyer to deduct points the seller paid to reduce his cost basis
B Points paid to refinance the property to be fully deductible in the year paid
C points paid by the seller to be considered a selling expense
D points to be deductible as interest to be paid directly to a lender
question 2
which of the folloeing would actually be included in an annual property operating statement of a potential real estate investment
A economic base analysis
B managment fee
C comparative market analysis
D investor`s earning potential
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View Policies
Current Attempt in Progress
Financing activities involve
O acquiring long-lived assets.
O lending money.
O acquiring investments.
O issuing debt.
Save for Later
Attempts: 0 of 1 used
Submit Answer
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1. which of the following life situations does not qualify you for a student loan deferment
A. Long term disabilitu B. Currently enrolled college C. Religious commitment/serivce D. Recently fired/loss of job
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Q1 Galah Ltd has acquired a new building. Assess which of the following items should beincluded in the cost of the building. Provide a reason for your conclusions.(a) Stamp duty(b) Real estate agent’s fees(c) Architect’s fees for drawings for internal adjustments to the building to be made before use(d) Interest on the bank loan to acquire the building, and an application fee to the bank to get the loan, which is secured on the building(e) Cost of changing the name on the building(f) Cost of changing the parking bays(g) Cost of refurbishing the lobby to the building to attract customers and make it more user friendly
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Hi I've attempted to use your method for calculated interest, but it is registered as incorrect as well. I've tried changing the period amounts...same results. Don't know what could be going wrong.
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Financial Accounting Question solution provide please
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16
What source of foreclosure leads comes with a built-in sense of trust and credibility with the homeowner?
A O
A notice of default or lis pendens list.
BO
Lenders.
Newspaper classifieds.
DO
Referrals from other clients.
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please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
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Ways that a lender may respond to a defaulted loan without resorting to foreclosure include all of the following except Multiple Choice defer or forgive some of the past-due payments. accept a deed in lieu of foreclosure. allow short sale to a third party. accelerate the debt. offer credit counselina.
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- Wich is the right answer A thru D ?helparrow_forwardWhat is the right answer A thru Darrow_forwardCost of the Home $ Down Payment A: % Down Payment B: % Down Payment C: % Down Payment Amount Your equity (financial contribution to the purchase of the home) $ $ $ Initial Mortgage Required (cost of home down payment) $ $ $ Not for the mortgage itself, but for insurance on the mortgage so be sure to use the tool provided to find the correct rate according to the regulations Mortgage Insurance RATE (if applicable) % % % Mortgage Insurance DOLLAR AMOUNT (if applicable) $ $ $ Finalarrow_forward
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