RLE 83 Final Prep Ch 14

Front

All of the following are advantageous to a seller under a sale-leaseback-buyback except : rent as a deductible operating expense, the realization of cash, continued occupancy, a buy-back opportunity at less than market value.

Back

a buy-back opportunity at less than market value.

Front

Split-fee financing is a form of

Back

lender participation.

Front

Which of the following terms best describes a partnership among a developer, owner, and financier? Corporation, Joint venture, Conglomerate, Limited partnership

Back

Joint venture

Front

Refinancing one property to purchase another is known as

Back

pyramiding.

Front

If a home is owned as community property, and one spouse dies, what is the maximum net value of the decedent’s estate that the survivor can inherit without paying estate taxes?

Back

$11,580,000

Front

The only party really at risk when a buyer trades on the seller’s equity is the

Back

seller.

Front

Refinancing proceeds in excess of costs are

Back

taxable only when the property is sold.