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A-8 Arizona Real Estate - Self Study & National Exam

Terms in this set (24)

The term capitalization rate refers to?
The net income divided by the price
Adjusted gross income includes?
Rents, minus vacancies, minus credit losses, plus other income
The gross rent multiplier is calculated by?
Dividing the price by the gross rents
When the lender requires a debit coverage ratio, this would relate to?
The ratio of annual net income to annual debt service
A person selling or we seen residential housing may not discriminate based solely by race as a result of?
Civil rights act of 1866
The first violation of federal fair housing act would carry a fine of?
$16,000
Redlining would best be defined as?
Limiting the number of residential loans in an area without regard to economic qualifications
Which of the following is not an operating expense?
Depreciation
A commercial building is being rented to a business that serve the public. What is true?
The building is subject to the Americans with disabilities act
Title III of the ADA requires adequate access to what type of properties?
Public properties
Which of the following is a protected class under the equal credit opportunity act but not under the fair housing laws?
Marital status
If a property has the right to exclude families with children, which of the following parties listed below would be allowed to reside in the property?
A 62-year-old retired doctor
If one believes he is being discriminated against by employer due to his age, he would best contact?
The US equal employment opportunity commission
Families with children maybe denied occupancy of rental units all units in the building were reserved exclusively for those...
62 years old
What would most likely relate to blockbusting?
They're moving in better sell today!
If an individual's net operating income is $5000 in his mortgage payment is $2000, then this DCR is?
2.5
The 1968 civil rights act exempted what specific group from discrimination?
Religious groups
According to the equal credit opportunity act lenders must inform credit applicants who are rejected of the reasons for denial within ____ days?
30 days
Americans with disabilities act for commercial properties overseas?
Hiring employees
It's a sales price of the home is $433,000 in the lender requires 20% down, what's the LTV?
80%
Given a property valued at $250,000 and purchased at $220,000 with a rate of return of 10%. What would the net income be for the first year?
$22,000
A residential mortgage company tells it's officers to make only a limited number of loans south of baseline road. This policy would be a?
Violation known as Redlining
The US Supreme Court decision in the case of Jones vs Mayer stated that?
Deed restrictions are unenforceable when they discriminate by race
Which court case abolish the concept of separate but equal?
Brown verse the Board of Education
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