Texas Principles Of Real Estate 2 Study Guide Graded A+

Under the USGBC LEED program, buildings are accredited and individuals are certified. a. True b. False {Ans: B}A borrower has to pay 2 1/2 points at closing. The amount of principal borrowed is $155,000.00 on a sales price of $198,000.00. What amount will be charged for points? {Ans: $3,875}An appraiser has determined that the GRM for a residential neighborhood is 150. If a house in the neighborhood is rented for $1800 per month, what is the value of the house? {Ans: $270,000}The ___________ combines the elements of the Good Faith Estimate form and the initial Truth In Lending disclosure. a. Kickbacks b. Mortgage servicing c. at or prior d. controlled business arrangement e. Loan Estimate {Ans: E}Residential income property is depreciated over a 29-year period. a. True b. False {Ans: B}The value of a property can automatically be inferred from the prices at which other similar properties have sold. a. True b. False {Ans: B}A capital gain is: a. taxed at a 17% rate b. illegal in TX c. realized when a property is sold d. calculated by adding the adjusted basis to the net sales price {Ans: C}The right of the government