GA Real Estate (153)
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Miami Dade College, Miami *
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MISC
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Finance
Date
Nov 24, 2024
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Uploaded by MegaWallabyMaster993
GA Real Estate Practice Questions and Answers Latest
Update 2023/24 (Verified Answers)
An owner advertised "beautiful acreage only $5,000 down, owner will
personally finance down payment." Would this be in violation of the Truth in
Lending Act? -
correct answers
✅
No, owners are not covered by Reg. Z.
______ is the cost per thousand that is required to create the principal and
interest payment necessary to pay off a loan. -
correct answers
✅
A factor
Effective October 1, 2015, the real estate industry has new requirements as
specified in the -
correct answers
✅
TILA/RESPA Integrated Disclosure
(TRID) Rule.
A standardized yardstick expressing the true annual cost of borrowing is
expressed as a/an -
correct answers
✅
APR
In most states, by paying the debt after a foreclosure sale, the mortgagor has
the right to regain the property. What is this right called? -
correct answers
✅
Statutory right of redemption
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Wich is the right answer A thru D ?help
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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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Explanation it correctly and not use excel
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Do not give image format
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Please solve With Explanation and Do not Give image format
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A builder is offering $131,554 loans for his properties at 9 percent for 25 years. Monthly payments are based on current market rates of
9.5 percent and are to be fully amortized over 25 years. The property would normally sell for $140,000 without any special financing.
Required:
a. At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan? Assume that the buyer
would have the loan for the entire term of 25 years.
b. At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan if the property is resold
after 10 years and the loan repaid?
Complete this question by entering your answers in the tabs below.
Required A Required B
At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan? Assume that the
buyer would have the loan for the entire term of 25 years. (Do not round intermediate calculations. Round your final answer
to the…
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!
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Don't used Ai solution and don't used hand raiting
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Problem 6-45 (LO. 3)
Alex, who is single, conducts an activity in the current year that is appropriately classified as a hobby. The activity produces the following
revenues and expenses:
Revenue
Property taxes
Materials and supplies
Utilities
Advertising
Insurance
Depreciation
$18,000
3,000
4,500
2,000
5,000
750
4,000
Without regard to this activity, Alex's AGI is $62,000.
Determine the amount of income Alex must report and the amount of the expenses he is permitted to deduct. Assume Alex itemizes his
deductions.
Reportable income: $
Deductible expenses: $
D
10:36 PM
1034
DOC
.
All Bo
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It's urgently plz sir please help me
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when a house is purchased there is extra costs.
land transfer tax 0.9%
mortgage loan insurance premium 2.85%
legal fees 1.2%
building inspection 0.28%
determine the toal of these cosdts for a house with a selling price of $155,000
a] none
b]$17361
c]$14121
d]$10881
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Jay
Don't upload any image
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Can someone explain this to me, thank you! Help me find correct answer, as well.
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A "short sale" of real estate is:
Multiple Choice
O
a sale that closes in less than 30 days.
the sale of a house by someone who is not the owner, it is a way to profit from an anticipated decline in real estate prices.
a sale in which the proceeds from the sale are less than the balance owed on the loan secured by the property sold.
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
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Your Question :Your Question :Your Question :Your Question :help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!!!!
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Don't give answer in image format
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Please Introduction and explanation and proper solution no copy without plagiarism please I give upvote
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Hi, I need help on this question.
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Give typing answer with explanation and conclusion
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Hello. I'm a 2nd year college student taking BS Accountancy. Please help me with my assignment. It will be a great help for me in understanding the topic. Thank you very much <3
Intermediate Accounting: BORROWING COSTS
Requirements: Problem 25-3 (IFRS)... Compute the cost of the new building.
Problem 25-4 (IFRS)... 1. Compute the cost of the new building on December 31, 2021 and June 30, 2022.
2. Compute the interest expense for 2021 and 2022
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help please answer in text form with proper working and explanation for each and every part and steps with concept and introduction no ai no copy paste remember answer must be in proper format with all working
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- Do not give image formatarrow_forwardPlease solve With Explanation and Do not Give image formatarrow_forwardA builder is offering $131,554 loans for his properties at 9 percent for 25 years. Monthly payments are based on current market rates of 9.5 percent and are to be fully amortized over 25 years. The property would normally sell for $140,000 without any special financing. Required: a. At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan? Assume that the buyer would have the loan for the entire term of 25 years. b. At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan if the property is resold after 10 years and the loan repaid? Complete this question by entering your answers in the tabs below. Required A Required B At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan? Assume that the buyer would have the loan for the entire term of 25 years. (Do not round intermediate calculations. Round your final answer to the…arrow_forward
- help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!arrow_forwardhelp please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!arrow_forwardDon't used Ai solution and don't used hand raitingarrow_forward
- Problem 6-45 (LO. 3) Alex, who is single, conducts an activity in the current year that is appropriately classified as a hobby. The activity produces the following revenues and expenses: Revenue Property taxes Materials and supplies Utilities Advertising Insurance Depreciation $18,000 3,000 4,500 2,000 5,000 750 4,000 Without regard to this activity, Alex's AGI is $62,000. Determine the amount of income Alex must report and the amount of the expenses he is permitted to deduct. Assume Alex itemizes his deductions. Reportable income: $ Deductible expenses: $ D 10:36 PM 1034 DOC . All Boarrow_forwardIt's urgently plz sir please help mearrow_forwardwhen a house is purchased there is extra costs. land transfer tax 0.9% mortgage loan insurance premium 2.85% legal fees 1.2% building inspection 0.28% determine the toal of these cosdts for a house with a selling price of $155,000 a] none b]$17361 c]$14121 d]$10881arrow_forward
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