Champions Principles of Real Estate 2 Study guides, Class notes & Summaries

Champions Principles of Real Estate 2 Exam Questions with Correct Answers appraisal - ANSWER value of a property maybe affected by social, economic, govt and environmental influences Loan-to-Value Ratio (LTV) - ANSWER The percentage of value or sales price that a lender is willing to finance. limited appraisal report - ANSWER exterior only/drive by inspection. deemed as low risk loan highest and best use of property - ANSWER legal use that gives the gre...

Champions Principles of Real Estate 2 Latest Version Graded A+ appraisal value of a property maybe affected by social, economic, govt and environmental influences Loan-to-Value Ratio (LTV) The percentage of value or sales price that a lender is willing to finance. limited appraisal report exterior only/drive by inspection. deemed as low risk loan highest and best use of property legal use that gives the greatest return Principal of Contribution cost does not equal value Re...

Champions Principles of Real Estate 2 LATEST UPDATE ACTUAL EXAM 200+ QUESTIONS AND 100% VERIFIED CORRECT ANSWERS GUARANTEED A+

appraisal - value of a property maybe affected by social, economic, govt and environmental influences Loan-to-Value Ratio (LTV) - The percentage of value or sales price that a lender is willing to finance. limited appraisal report - exterior only/drive by inspection. deemed as low risk loan highest and best use of property - legal use that gives the greatest return Principal of Contribution - cost does not equal value Residential Mortgage Loan Originators (RMLO) - Must be certified licenc...

Champions Principles of Real Estate 2 Exam Questions with Complete Solutions

Appraisal - ANSWER-an appraiser's opinion of value Loan to Value (LTV) - ANSWER-the percentage of an asset's market value that a lender is willing to finance Principle of Contribution - ANSWER-value of a part is determined by its contribution to the total value of the property rather than by its cost Principle of Substitution - ANSWER-The maximum value of a property tends to be set by the cost of purchasing an equally desirable substitute property. Characteristics of Value (DUST) -...

appraisal - ANSWER-value of a property maybe affected by social, economic, govt and environmental influences Loan-to-Value Ratio (LTV) - ANSWER-The percentage of value or sales price that a lender is willing to finance. limited appraisal report - ANSWER-exterior only/drive by inspection. deemed as low risk loan highest and best use of property - ANSWER-legal use that gives the greatest return Principal of Contribution - ANSWER-cost does not equal value Residential Mortgage Loan Or...