GA Real Estate (153)
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Finance
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Nov 24, 2024
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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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Related Questions
Wich is the right answer A thru D ?help
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Explanation it correctly and not use excel
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What is the right answer A thru D
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Answer only patrs D
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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ss
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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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Please help
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Give typing answer with explanation and conclusion
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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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ANSWER QUICK!! JUST THE ANSWER PLEASE NO EXPLANATION
7.8.9
For the following operation, choose the correct accounting entry
Purchase of land for $120,000, payment of $10,000 in cash, the balance is applied to a 15-year mortgage loan taken out with a local bankQuestion 7 options:
Debit “Land” for $120,000 / Debit “Cash” for $10,000 / Credit “Loan” for $100,000
Debit “Land” for $120,000 / Credit “Cash” for $10,000 / Credit “Loan” for $110,000
Credit “Land” for $120,000 / Credit “Cash” for $10,000 / Debit “Loan” for $130,000
Credit “Land” for $120,000 / Debit “Cash” for $10,000 / Debit “Loan” for $110,000
On May 1, 2023, Goldenberg Incorporated signed a note payable for $211,000, with a term of one year and a rate of 3%. The principal and interest will be paid on June 30, 2024. What is the amount of interest expense to be included in the income statement for the year ending December 31, 2023?
6330
791
0
4220
Assume that a company's financial position on January 1, 2022 was:…
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Sh4
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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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Please dont provide solution image based thanks
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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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Subject :- Accounting
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Help please and can show correct answer thank you
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Decision Making
LO.2, 5 The Bluejay Apartments, a new development, is in the process of structuring its lease agreements. The company
would like to set the damage deposits high enough that tenants will keep the apartments in good condition. The company
is actually more concerned about damage than about tenants not paying their rent.
a. Discuss the tax effects of the following alternatives:
$1,000 damage deposit with no rent prepayment.
$500 damage deposit and $500 rent for the final month of the lease.
$1,000 rent for the final two months of the lease and no damage deposit.
b. Which option do you recommend? Why?
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Directions: Review the following scenario and answer the question that follows:
Scenario:
Date of the writedown: 5/01/15
FO loan dated 12/15/2007 in the amount of $200,000 at 5% interest
Amount of the writedown: $24,123
Unpaid principal and interest as of the date of the writedown: $168,123.08
Market value of the property securing the note: $144,000
The borrower is selling the security on 6/15/17 for the appraised value of $175,000.
A year prior to the sale, the borrower built a small barn on the property which
provides a contributory value of $20,000 according to the appraisal.
1. Calculate the amount of Shared Appreciation due.
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calculate the annual payment and complete the following capital recovery schedule.
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Related Questions
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Recommended textbooks for you
- Individual Income TaxesAccountingISBN:9780357109731Author:HoffmanPublisher:CENGAGE LEARNING - CONSIGNMENT
Individual Income Taxes
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ISBN:9780357109731
Author:Hoffman
Publisher:CENGAGE LEARNING - CONSIGNMENT