ACTUAL EXAM QUESTIONS WITH
CORRECT ANSWERS 100% VERIFIED
GRADED A+
1. ThemEconomicmPrinciplemofmAnticipationm-
mCORRECTmANSWERmstatesmthatmvaluemismcreatedmbymthemexpectationmofmbenefitsmtombem
derivedminmthemfuture.
2. Chattelm-mCORRECTmANSWERmAmmortgagemonmpersonalmproperty.
3. Balloonmpaymentm-
mCORRECTmANSWERmAmpaymentmonmthembalancemduemofmamnotematmthemendmofmthemloanmt
ermmthatmisminmexcessmofmthemregularmpaymentmamounts.mUsuallymfoundminmampartiallymam
oritizedmmortgage.
4. Conventionalmmortgagem-
mCORRECTmANSWERmAmloanmthatmismneitherminsuredmnormguaranteedmbymthemfederalmgove
rnment.
5. Contractmrentm-
mCORRECTmANSWERmThemactualmrentmpaidminmaccordancemwithmtermsmofmamlease.
6. Minimummbasemrentm-
mCORRECTmANSWERmThemfixedmportionmofmrentmundermthemtermsmofmampercentagemlease.
7. Excessmrentm-
mCORRECTmANSWERmThemamountmwhichmcontractmrentmexceedsmmarket/economicmrent.m
Badmformtenantmbutmgoodmformlandlord.....lookmatmthisminmtermsmofmthemlandlord!
, 8. Overagemrentm-
mCORRECTmANSWERmThemvariablemportionmofmthemrentmundermthemtermsmofmampercentage
mlease.mThismismthemrentmovermandmabovemthemminimummbasemrent.mTypicallymbasedmonmam
percentagemofmsalesmormrevenue.
9. Percentagemleasem-
mCORRECTmANSWERmAmcontractmthatmrequiresmamfixedmminimummbasemrentmandmamvariabl
emrentm(overagemrent)mbasedmonmvolumemofmbusiness,msales,mproductivity,mormusemofmthem
propertymbymthemtenant.
10. Grossmleasem-
mCORRECTmANSWERmAmleaseminmwhichmthemlandlordmismrequiredmtompaymallmoperatingmexp
ensesmassociatedmwithmthemrealmestate.
11. Netmleasem-
mCORRECTmANSWERmAmleaseminmwhichmthemtenantmismrequiredmtompaymallmoperatingmexpe
nsesmassociatedmwithmthemrealmestate.
12. Grossmleasablemaream(GLA)m-
mCORRECTmANSWERmThemtotalmleasablemarea,mincludingmcommonmareas.
13. Netmoperatingmincomem-
mCORRECTmANSWERmThemincomemremainingmaftermdevelopingmeffectivemgrossmincomeman
dmallowingmformoperatingmexpensesmandmreservesmformreplacement.
14. Mortgageminterestmratem-mCORRECTmANSWERmThemlender'smyieldmonmammortgage.
15. Effectivemtaxmratem-
mCORRECTmANSWERm(ETR)mIsmthempercentagemthatmannualmrealmestatemtaxesmareminmrelati
onmtomtotalmpropertymvalue.