National Real Estate Exam Prep,
PSI National Exam for Real
Estate, California Real Estate
Principles: Property, Agency,
Appraisal, and Law, Washington
State Specific Real Estate Exam,
Rockwell WA Real Estate Practice
Exam 2023, Washington State
Real…
Save
,Terms in this set (1982)
1. They are used to buy down discount points
interest rate.
2. They are a function of the
marketplace.
3. They are paid by either the
buyer or the seller.
The 3 approaches to value are: 1) Market Data Approach (single family
homes)
2) Cost Approach (commercial property)
3) Income Approach (income producing
property)
,Abandonment The voluntary and permanent cessation of
use or enjoyment with no intention to
resume or reclaim one's possession or
interest. May pertain to an easement or a
property.
, The ability to take full A. leverage
advantage of an investment's
appreciation without having to Explanation: Leverage is using borrowed
invest the full cost of the money to invest in an asset. The leveraged
investment is a result of: investor earns a return on the borrowed
funds, as well as on any of the investor's
A. leverage own money that was invested (as a
downpayment, for example).
B. cash flow
C. yield
D. equity
Abrogation Tenants cannot sign away their rights in
advance of signing the lease.
PSI National Exam for Real
Estate, California Real Estate
Principles: Property, Agency,
Appraisal, and Law, Washington
State Specific Real Estate Exam,
Rockwell WA Real Estate Practice
Exam 2023, Washington State
Real…
Save
,Terms in this set (1982)
1. They are used to buy down discount points
interest rate.
2. They are a function of the
marketplace.
3. They are paid by either the
buyer or the seller.
The 3 approaches to value are: 1) Market Data Approach (single family
homes)
2) Cost Approach (commercial property)
3) Income Approach (income producing
property)
,Abandonment The voluntary and permanent cessation of
use or enjoyment with no intention to
resume or reclaim one's possession or
interest. May pertain to an easement or a
property.
, The ability to take full A. leverage
advantage of an investment's
appreciation without having to Explanation: Leverage is using borrowed
invest the full cost of the money to invest in an asset. The leveraged
investment is a result of: investor earns a return on the borrowed
funds, as well as on any of the investor's
A. leverage own money that was invested (as a
downpayment, for example).
B. cash flow
C. yield
D. equity
Abrogation Tenants cannot sign away their rights in
advance of signing the lease.
