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Question 1 of 12
1. Question
What type of lease bases the rental amount on the tenant’s gross sales?
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Question 2 of 12
2. Question
What instrument guarantees completion of specific acts such as improvements or off-site work?
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Question 3 of 12
3. Question
What type of depreciation results from deterioration in the physical condition of improvements?
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Question 4 of 12
4. Question
What does “PITI” stand for?
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Question 5 of 12
5. Question
What type of development includes a comprehensive plan with residential, commercial, and recreational areas?
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Question 6 of 12
6. Question
What is a recorded map showing lots, boundaries, and streets?
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Question 7 of 12
7. Question
What book records subdivisions’ lots and legal descriptions?
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Question 8 of 12
8. Question
What is the term for a fee equal to 1% of a loan amount?
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Question 9 of 12
9. Question
What type of mortgage loan is kept by the lender instead of being sold?
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Question 10 of 12
10. Question
What document grants authority for one person to act for another?
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Question 11 of 12
11. Question
What agreement offers special terms for a future refinance?
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Question 12 of 12
12. Question
What items payable at closing include prepaid interest and insurance?
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