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WorksheetsReal Estate Principles Unit 14 multiple choice 1
Total questions: 26
Worksheet time: 13mins
A factory built home manufactured prior to June 15th, 1976 constructed on a chassis and wheels
Mobilehome
Pre-fabricated home
Modular home
Mobile estate
Home built in a factory after June 15, 1976 that conforms to Federal Manufactured Home Construction and Safety Standards
Mobilehome
Manufactured home
Modular home
Pre-fabricated home
Certification signed by the county, tax collector in mobilehomes sales
Commissioners certificate
Tax credit certificate
Clearance of tax liability
Mobile estate tax assessments certificate
Any type of business that is for lease or sale
Business opportunity
Due diligence
Listing
Turn-key operation
The expectation of the continued patronage of an existing business
Good faith
High growth potential
Anticipated competitive advantage
Goodwill
Code regulating security interests in personal property of businesses
Uniform Commercial Code
Real Estate Stabilization Act
Real estate Security and Interest Mandate
Real Estate Investments Security Act
The sale of a substantial part of the inventory of a business
Liquidation
Downscale
Bulk sales
Downsize
The document commonly used to secure a loan on personal property
Loan approval certificate
Note of conveyance
Credit authorization
Security agreement
The document used to record the debt; it is not actual evidence of the debt
Financing statement
Promissory note
Financing receipt
Lien Documentation
Tax collected as a percentage of the retail sales sales of a product, by a retailer
State tax
Sales tax
Retail tax
Federal tax
Permit used to collect sales tax from customers
Sellers permit
Purveyor permit
Commerce permit
FDIC contract
Real property appreciation keeps pace or exceeds inflation rates
Capital appreciation
Hedge against inflation
Value–add investment
Compounded annual growth rate (CAGR)
Properties that are ready for occupancy
Ready to close
Turn-key project
Available for immediate occupancy
Move-in ready
The increase in value of a mortgage property, generally accrues to the benefit of the trustor
Accrued interest
Appreciation interest
Accrued credit
Unearned increment
The gradual increase of a borrowers equity in a property caused by amortization of loan principal
Equity buildup
Loan interest credit
Accrued interest
Equity credit
The use of borrowed capital to buy real estate
Advanced capital
Loan
Leverage
Bridge
Tax advantage of ownership of income property
Equity build-up
Hedge against inflation
Clearance of tax liability
Depreciation
Depreciation method, where the same amount is deducted every year over the depreciable life of a property
Straight-line method
Annual devaluation
Life estate projection
Value variance graph
Sale in which payments are made by the buyer to the seller over a period of more than one year
Payment installation agreement
Term sale
Installment sale
Deferred payment sale
Tax-deferred exchange used to defer tax liability
1031 Exchange
Deference transaction
Tax liability exchange rate
Tax liability transfer
Extra cash or non like-kind property put into an exchange
Purse
Currency injection
Boot
Funding contribution
A court-approved sale of the property of a person who is deceased
Estate sale
Estate dispersal
Estate auction
Probate sale
Building larger more extravagant homes in older neighborhood with small to medium size homes
Gentrification
Mansionization
Infiltration of affluence
Demographic shift
The development of vacant parcels in existing urban and suburban areas
Greyfield development
Infill development
Compact development
Mixed-use development
An abandoned commercial or industrial site or under-utilized neighborhood, where redevelopment is complicated by actual, or perceived contamination
Previously developed land (PDL)
Potentially contaminated land (PCL)
Environmentally impacted site
Brownfield
Contract between the owner and the property manager
Business agreement
Management contract
Supervisory contract
