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Which of the following is true about positive misrepresentation?
A principal was harmed by the misstatement.
Nonresident applicants applying for New York real estate licensure must agree
to submit to the jurisdiction of New York courts. What form must they also
complete?
Irrevocable consent and designation form
Whether commercial, agricultural, residential, or industrial, all real property within a
jurisdiction has which of the following characteristics?
All are assessed.
,Tess has $385 in monthly non-housing debt obligations, and her anticipated
mortgage payment is $1,103. Her gross income is $7,598, and her net income is
$5,815. What's her total DTI (debt-to-income ratio)?
19.58%
Margie loves to shop at the neighborhood shopping center near her. The
location is so convenient, and the parking lot is easy to get in and out of, even
though there can be a lot of traffic at certain times of the day. Where is
Margie's neighborhood shopping center located?
On a corner-lot, at the intersection of two major throroughfares
What is a binder?
A written outline of the sales transaction
When marketing a commercial space to investor, what information will they likely be
most interested in?
Cash flow analysis and projections.
Gina is a tax assessor. Which of the following is true about her job?
She compares nearby property sales to determine market value.
How many anchor stores does a super-regional shopping center normally have?
three or more
, What "quick and dirty" investment formula seeks to achieve a percentage of gross
monthly rental income as compared to purchase price?
2%
Which of the following is a type of loose-fill insulation?
Vermiculite
Which type of financing do active investors generally seek?
Non-conventional
Your seller client needs to sell as soon as possible. How should you respond if
a prospective buyer asks you whether your seller is firm on price?
"The seller believes the home is priced fairly. I suggest you write your highest
and best offer."
Idina has filed a federal housing complaint after a landlord told her he would o
my rent her an aparenten if she had sex with him. After investigating the
complaint, HUD find
reasonable cause to believe that discrimination occurred. What happen next?
HUD will inform Idina
Consent is not present when _ _.
The contract is signed under duress or undue influence