WebTerm. 1 / 50. An owner of an apartment complex pays $50 to each current tenant that refers a person who becomes a new tenant. This arrangement is... A) an example of unlicensed activity. B) an illegal kickback. C) legal only if the tenant receiving the $50 has a real estate license. D) legal under Chapter 475, Florida Statutes. WebStudy with Quizlet and memorize flashcards containing terms like A _________________ occurs when the federal government spends more money than it makes, By increasing …
Chapter 5 - Real Estate Finance Flashcards Quizlet
WebMar 29, 2024 · An alienation clause, also known as a due-on-sale clause, is a real estate agreement that requires a borrower to pay the remainder … Webcontract for deed. Also called a land contract, agreement for deed, or installment sale contract, the contract for deed is another way to buy real property, usually with very little cash investment. The seller accepts a down payment from the buyer and finances the rest of the purchase price. deed in lieu of foreclosure. greenways gloucester
Due-on-Sale Clause in a Mortgage or Trust Deed - The Balance
Webdue-on-sale clause A provision in the mortgage that states that the entire balance of the note is immediately due and payable if the mortgagor transfers (sells) the property. equitable title An interest created in property upon the execution of a valid sales contract, whereby actual title is transferred by deed at a closing. WebZerex Paving Company purchased a hauling truck on January 1.2003 1. 2003 1.2003, at a cost of $ 32.000 \$ 32.000 $32.000.The truck has a useful life of eight years. with an estimated salvage value of $ 5, 000 \$ 5,000 $5, 000.The straight-line method is used for book purposes. WebA due-on-sale clause, also known as an alienation clause, is a loan stipulation that requires a borrower to pay the entire loan balance if the property is being sold. Lenders use due-on-sale clauses to prevent the buyer of a property from assuming the current loan at the original interest rate. They are often used in a rising interest rate ... greenways golf club