a) Having graduated with a bachelor of commerce finance option, you have been requested to discuss...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
a) Having graduated with a bachelor of commerce finance option, you have been requested to discuss with other employees in finance department on three ways that are used to describe real estate. Discuss. [6Marks] b) With ARMs, lenders are in effect, making a loan, with terms that are updated to current interest rate levels at the end of each adjustable period. Explain important terms used when dealing with adjustable rate mortgages. [10Marks] c) A lease is written document in which the rights to use and occupancy of land or structures are transferred by the owner to another for a specified period of time in return for a specified rent in regards to the same, explain the following; i. Leased-Fee Interest ii. Leasehold Interest iii. Sandwich Lease [2Marks] [2Marks] [2Marks] e) An easement is the right of one person to use the property of another for a specified purpose and under certain conditions that specify the extent of the allowable usage. The person holding the easement does not possess the property, nor does that person have the right to dispose the property." Discuss on two types of easements. [4Marks] f) The term real estate means "all that a person owns". In real property it is used to describe the extent to which rights and interests in real estate are owned. Discuss two general classifications of Estates. [4Marks] g) The income approach appraisal method establishes market value of property by determining how much an investor is willing to pay for the income. However the income approach may provide a reliable estimate of values. Elaborate on three reliable estimates of value. [5Marks] a) Having graduated with a bachelor of commerce finance option, you have been requested to discuss with other employees in finance department on three ways that are used to describe real estate. Discuss. [6Marks] b) With ARMs, lenders are in effect, making a loan, with terms that are updated to current interest rate levels at the end of each adjustable period. Explain important terms used when dealing with adjustable rate mortgages. [10Marks] c) A lease is written document in which the rights to use and occupancy of land or structures are transferred by the owner to another for a specified period of time in return for a specified rent in regards to the same, explain the following; i. Leased-Fee Interest ii. Leasehold Interest iii. Sandwich Lease [2Marks] [2Marks] [2Marks] e) An easement is the right of one person to use the property of another for a specified purpose and under certain conditions that specify the extent of the allowable usage. The person holding the easement does not possess the property, nor does that person have the right to dispose the property." Discuss on two types of easements. [4Marks] f) The term real estate means "all that a person owns". In real property it is used to describe the extent to which rights and interests in real estate are owned. Discuss two general classifications of Estates. [4Marks] g) The income approach appraisal method establishes market value of property by determining how much an investor is willing to pay for the income. However the income approach may provide a reliable estimate of values. Elaborate on three reliable estimates of value. [5Marks]
Expert Answer:
Answer rating: 100% (QA)
a Three ways commonly used to describe real estate are 1 Residential Real Estate This refers to properties that are primarily used for residential purposes such as singlefamily homes condominiums town... View the full answer
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Posted Date:
Students also viewed these finance questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Create a program that evaluates the following arithmetic expressions using the given values below: a = 10, b= 20, c =15, d 8 1. x= a*(b* b)-(c * b) + d FILENAME: PTASK22.cpp. 2. z= (a + b/(c - 5)K(d...
-
Consider the modules diagram in question 17. Suppose we want the code in module com.sf to depend on code in module com.ny. Which of the following directives goes into module com.nys module-info file...
-
Which of the following would be optically active? (a) A pure sample of A (b) A pure sample of B (c) A pure sample of C (d) An equimolar mixture of A and B
-
The cars of the roller coaster have a speed v = 25 ft/sec at the instant under consideration. As rider B passes the topmost point, she observes a stationary friend A. What velocity of A does she...
-
We generated Figure 2.16 by first computing the mean values for each column and then pivoting the values into a single column of mean values. Replicate the data generation steps and use the...
-
One way to improve a process is to eliminate nonvalue-added activities (e.g., extra movements) and wasted effort (e.g., looking for materials). A consultant was hired to improve the efficiency in a...
-
Assuming the market begins with a 50/50 split of lemon or inferior product and plum or better products. How does a "lemon" push out a "plum" from the market?
-
Let V = C[0, 2] with inner product (f.g) = f f(x) g(x) dr. Also define po(z) = = 1 integers k set 2k-1(x) sin(kr). (a) Show that (po, 1, 2,...} is an orthonormal set in V. [Hint: Use the...
-
What is the test which distinguishes between tax avoidance and tax evasion?
-
Why is income-shifting considered such a major tax planning concept?
-
What is meant by the term tax gap?
-
Discuss the badges of fraud.
-
What was the purpose oft he Sixteenth Amendment?
-
Write the Marketing Plan for any organization. Identify the size of your potential target market. The target market should be for Avigilon Surveillance Systems for the U.S.
-
Grace is training to be an airplane pilot and must complete five days of flying training in October with at least one day of rest between trainings. How many ways can Grace schedule her flying...
-
What are some of the issues that should be considered when conducting marketing research?
-
Why do organizations conduct marketing research?
-
What are the different methods of conducting marketing research?
Study smarter with the SolutionInn App