Part 4 Flashcards
1
Q
What is the habitation rule that govern shakeholders in a co op?
A
House rules
2
Q
What is the gain and loss in an investment property?
A
Difference between the purchase price plus capital improvements and the sales price minus cost of sale
3
Q
What are mechanics liens placed against?
A
Specific property by workers who have not been paid for labor or materials used
4
Q
What must brokers exercise while transacting business entrusted to them by a principal?
A
Reasonable care
5
Q
When is add on factor used?
A
In rental property investments to calculate the rentable square footage
6
Q
What does the affidavit of title ensure?
A
That there has been no judgements , bankruptices or divorces involving the seller
7
Q
A
