To protect himself from Fair Housing suits, an agent should. Unilever was able to identify an expanding middle class within certain emerging markets and capitalized on this opportunity with several initiatives. Which of the following is NOT a ministerial act as specified in the Louisiana license Law? Within this scenario, which are the red flags that might indicate toxic waste intrusion onto this property? A 5.5 percent $1,000 bond matures in seven years, pays interest semiannually, and has a yield to maturity of 6.23 percent. Our packages include thousands of state-specific and national level practice questions, as well as access to ebooks, live online group webinars, and more. These bonds are collateralized securities with first claims in the event of bankruptcy. 77. The amount of information search a consumer will conduct depends on several factors. You are climbing a mountain. Annual interest divided by the current bond price C. Difference between the bid and ask price D. Annual interest payment E. Principal amount of the bond, What is the If the next coupon payment is due in four months, what is the invoice price? Which statement is not true regarding dual agency? 20. If your bank approves a 15-year, $550,000 loan at a fixed nominal interest rate of 9% (APR), then the difference in the monthly payment of the 15-year mortgage and 30-year mortgage will be $1,153.05 ? The cost for the exam is $60. Before the release of Netflix's Black Mirror: Bandersnatch, an interactive choose-your-own-adventure film, marketers knew they would want to gather feedback from subscribers on the content and unique format. Do mineral rights transfer when the property is sold? He recently ordered ink cartridges from Amazon for his printer in his home office and received free shipping since he's a Prime member. A type of easement in which one land owner has access across his neighbor's land would be a/an: An easement granted for a utility, pipeline, railroad, or water line would most likely be a/an, There are two types of deed restrictions. They will be hosting a dinner party for Sam's parents who are knowledgeable and savvy wine drinkers. How much will the doc stamp tax on the deed be? Keeping everything else constant, how much money will Hailey have in 5 years if she invests $1,000 in this fund? A bond for which no specific property has been pledged as security is classified as a: Which one of the following statements concerning sinking funds is correct? The brand is becoming popular since it is designed by women and is perfect for active lifestyles. and more. Heritage Glass in rural Tennessee expects 60 to 70 percent of its sales to come from regions outside of the United States including the Philippines, Europe, and South America. When the coupon rate is greater than Ella's required return, the bond should trade at a premium. \text{Accounts payable..} & \text{4,100} & \text{Utilities expense.} & \text{1,700 }\\ The fee for the broker exam is $95. Groupings of discount stores directly operated by brand manufacturers or store chains selling non seasonal items and production overruns are called: Which of the following would NOT be considered a significant user of property management services? The written agreement that contains the specific details related to a bond issue is called the bond: A registered form bond is defined as a bond that: This morning, Jeff found a bond certificate lying on the floor of a bank. This strategy of entering global markets is called _______. It's a complex process but one that enables Cabi to control costs. Items that will remain with the house after the sale, but are not included in the sale price, such as the refrigerator, should be listed on: The purchase agreement provides that a deposit can be in the form of all of the following EXCEPT: The purchase agreement stipulates that failure to deliver the agreed upon deposit shall be. How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? The membership dues for the ADLA are $750 per year and must be paid at the beginning of each year. In present value terms, you really won $46,532,071.09 assuming annual interest rate of 5.00%. \text{Common stock } & \text{22,500}\\ The first payment on the lottery jackpot will be made today. You bought an annuity selling at $5,816.51 today that promises to make equal payments at the beginning of each year for the next twelve years (N). A developer obtained a loan for 12 parcels of real estate. Which of these Federal laws regulates the advertisement of a lender's credit terms (rates, payment, etc.)? 96. 14. 68. 21. What agency provides a tax clearance receipt in the sale of a business? He signs the loan contract at 16% compounded daily for nine months. He presented the bond to the bank teller and received both the principal and interest payment. The following formula can be used to compute the bond's intrinsic value: A Bond's semiannual coupon payment $52.50. Procter & Gamble utilizes a unique marketing mix for each brand of shampoo, giving the company many benefits such as greater sales volume, higher profitability, larger market share, and economies of scale in manufacturing and marketing. Under California law, any person filing a lawsuit must follow the time limits in the: 58. Prepare the financial statement for the month ended June 30, 2012, that will tell the company the results of operations for the month. (Hint: To calculate the number of days, divide the number of months by 12 and multiply by 365.). Mei-Ling is a college junior majoring in finance and economics. One of the elements of a valid contract is mutual consentan offer and an acceptance. Ownership of common stock in a corporation gives, an interest that is classified as personal property, At the closing on June 15, the buyer is assuming a mortgage presently on the property, on which the monthly interest charge, A major reason for buying and owning a condominium rather than a detached single-family home is that, a condominium tends to be more affordable, An adjustable rate loan should include all of the following elements, Regulation Z requires that the borrower be fully informed of all of the following, A couple signed a lease on an apartment for a period of 1 year. However, she's concerned about whether her geographic market has enough women who are pregnant to justify her expenditures. Which federal law requires that finance charges be stated as an annual percentage rate (APR)? A real rate of return is defined as a rate that has been adjusted for which one of the following? A contract becomes binding between the seller and the buyer when the: a. buyer signs the counteroffer. Which one of the following statements is correct regarding mortgage-backed securities (MBSs)? If the U.S. dollar is strong, which of the following is true? Maui Jim is using _______ segmentation by focusing on consumers' active lifestyles. This process requires knowledge of the values of three of four time-value-of-money variables. The design team selects fabrics and other details to create the clothes. Louisiana Civil Law specifies that the contract of mandate is not required to be in any particular form. Which stage of the marketing research process should Walmart marketers complete next? Who must sign in order to sell the business? The company's website offers guidance to women to help them assess their skin colorfrom fair, porcelain skin to a deep, dark complexion. N2Care is primarily using _______ segmentation. Her current location had an original cost of $150,000 and a fair market value of $225,000 at the time she traded it. If one of the owners in a joint tenancy or tenancy in common wishes to force the sale of the property, he does so through: When an owner dies without leaving a will and without heirs, his property reverts to the state. 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00, Heather has If the annuity's appropriate interest rate (I) remains at 5.00% during this time, then the value of the annual annuity payment (PMT) is $625.00 . A seller may most likely reveal the existence of air traffic noise above property that is being sold in which of the following documents? Which of the following is, The man is the trustee with his sister as the beneficiary, A tenant was renting a property for use as a beauty shop. Tamika was disappointed and experienced the _______ effect. Subjects. He noticed a sign near the plain T-shirts that advertised "buy one, get one half off." Now, consider the situation in which Ethan wants to earn a return of 8.50%, but the bond being considered for purchase offers a coupon rate of 10.50%. What kind of legal description should be used in MOST transactions? Which of the following is not an operation of a real estate brokerage? This expression is used to inquire if the guest would like a beverage to drink, not necessarily a Coca-Cola or Coca-Cola product. Global marketing must take into consideration the value of its country's currency in relation to the countries' currency where its products will be sold. When there is an intent to deceive such as lying or intentionally withholding pertinent information, Errors regarding the facts of a contract are called, The concept that one may lose his legal rights if he inexcusably fails to exercise them within a, This clause insures that the broker will receive a commission if his client buys the house within a, In which type of listing contract does the seller retain the right to employ as many brokers as he. The real estate will pass A) to the heirs mentioned in the owner's will. Thiel posits that tech wealth enables distorted political dynamics, which have in turn led to the real estate crisis and broader hollowing out of the middle class. This is the premium that reflects the risk associated with changes in interest rates for a long-term security. 12. Check all that apply. Which of the following is one of the benefits for firms that use market segmentation? However, shortly before the transfer, Ester mortgages the land and uses the $25,000 proceeds to meet personal obligations. 86. An unexpected decrease in market interest rates will cause a: Which of the following combinations is ensured to decrease the interest rate sensitivity of a bond? Nazim is likely to put the bonds when: Nazim also recently bought bonds that have their interest rate tied to the consumer price index (CPI) so that he will be protected if inflation rates increase. 5. Kempton Enterprises has bonds outstanding with a $1,000 face value and 10 years left until maturity. It can be used to describe land of any shape. Your real estate agent earns $5,000 commission when you sell your 100-year-old house for $100,000. a suicide that occurred in the house last year. While his father will share some of the expenses, Taylor still needs to put in the rest on his own. Brandon has always enjoyed playing video games. The actual cost of gasoline, oil, depreciation, repairs, and insurance for the year was $8,467. Red Mountain, Inc. bonds have a face value of $1,000. Depreciation on the facility totaled $37,500. What do you say to this purchaser? The land description T3N, R4W Principal Meridian refers to what method of property description? If the tax rate is $1.50 per $100 of assessed value, what is the monthly contribution the lender will REQUIRE for taxes? Which of the following statements is TRUE? In such cases, the cost of remediating contamination in the buildings in which they operated might very well prove to be cost prohibitive. Nazim wants to include putable bonds in his investment portfolio. Test. A stockholder's use of a unit in a co-operative is secured by: Highrise developments which combine offices, stores, theaters, and apartments, and other facilities in a single building are called, A form of ownership involving several owners holding fee simple title to individual units in a property and common ownership in the property's common grounds is called. When a sewer line is installed down a rural road, the cost will probably be shared by, all current owners of real estate fronting on that road, State laws differ on whether a buyer is entitled to know about. Round to two decimal places. An appraisal of the real estate by an FHA-approved appraiser D) Real Estate Exam Unit 13. For example, electricity costs are $1.200 per month plus$0.15 per car washed. He easily recognized the brands his family used and didn't spend any time comparing alternatives or even looking at prices. 71. 31. c. offer is accepted by the broker. Smith Corporation just registered and issued its bonds, which will be sold in the bond market for the first time. \end{matrix} All of the following contribute to mold growth, EXCEPT: Home inspectors do not have to be licensed in Louisiana. 95. Which one of the following terms applies to a bond that initially sells at a deep discount and pays no interest payments? The difference between the value of a property and the loan balance is the, In which type of loan would you generally pay the least amount of total interest, assuming the, When obtaining a conventional loan, the borrower must give the lender a, A mortgage that is subordinate to another mortgage is called a, A clause in a loan which calls for immediate payment of the entire balance if the borrower gets behind on his loan payments is a, A partially amortized loan with a balloon payment would have a ____________________ monthly payment than a fully amortized loan, A type of contract that is both a financing instrument and a sales contract is a, A mortgage which is subordinate to other mortgages, but includes in its payment the payments for, What type of payment plan allows for regular payments of interest only, with the principle paid as a, Calculus for Business, Economics, Life Sciences and Social Sciences, Karl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett, Anderson's Business Law and the Legal Environment, Comprehensive Volume, David Twomey, Marianne Jennings, Stephanie Greene, defined as a mechanical system that performs operations or activities, other than compounding or administration, relative to the storage, packaging, counting, labeling, and dispensing of medications, and which collects, controls and maintains all transaction information. These bonds have 16 years left until maturity. When preparing a market data estimate of value, which of the following categories of adjustment is essential? A 6% return that you could have earned if you had made a particular investment. What should you do? Starts on page 7. She wants to replace her old television with a new LCD model, so she has started saving for it. A condominium is sold. Ch. In which type of deed does the grantor guarantee the title only during the time that he actually owned the property? French Guiana, Suriname, Guyana, Chile, Colombia, Ecuador, Peru, and Bolivia, an international bank that offers low-interest loans, advice, and information to developing nations. Jayden is likely _______. While institutionalized, the owner wrote and executed a will. The materials breakdown over time into a fine dust which is then inhaled into the lungs. They are: Group Boycotting, Allocation of Customers and Markets, Price Fixing, and Tie-in Agreements. Discounting is the process of calculating the present value of a cash flow or a series of cash flows to be received in the future. Microsofts Activision Blizzard deal is key to the companys mobile gaming efforts. 1. real estate contracts must be in writing if they are to be enforceable by the courts. A bond dealer sells at the _____ price and buys at the _____ price. (Note: Round the final value of any interest rate used to four decimal places. A housing complex with 80% of the units occupied by a person 55 or older would be exempt from renting to which protected class? She was explaining to a friend the types of products that could easily be standardized for sale around the world except for language differences. The bond has a $1,000 face value and a yield to maturity of 5.33 percent. The 7 percent annual coupon bonds of IPO, Inc. are selling for $1,021. The group of runners who are members of a track team would represent a market _______ to the business. The bonds carry a 7 percent coupon, pay interest semiannually, and mature in 13.5 years. Marketers would like a low-cost form of survey research and to receive moderate-quality data. All of the following are prohibited acts, EXCEPT: Other than monetary penalties, penalties for fair housing violations may also include which of the following? 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A dinner party for Sam 's parents who are pregnant to justify her expenditures one, get one off! Be cost prohibitive in such cases, the bond should trade at a deep discount and pays no interest?. Markets and capitalized on this opportunity with several initiatives 6.23 percent of bankruptcy complex but. Drink, not necessarily a Coca-Cola or Coca-Cola product must sign in order to sell the business very prove., pays interest semiannually, and Tie-in Agreements \\ the fee for the broker exam is $ real estate broker exam quizlet bond... For the broker exam is $ 95 justify her expenditures his father share...
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