Question

In: Economics

9. The highest and best use of property includes all of the following EXCEPT:

Real Estate

9. The highest and best use of property includes all of the following EXCEPT:

(A) most productive use

(B) economically viable.

(C) possible within the physical limits of the property.

(D) conformity to the surroundings.

10. What is the amount of interest paid per year on a loan of $34,050 at an interest rate of 4.38%?

(A) $1,491.39 (B) $1,284.33 (C) $1,309.21 (D) $1,118.43

11) In order to complete the Due diligence for a rental property in NYC, you as the buyer may ask for the registered rent roll from the following NYC AGENCY:

A) DHCR B) OSHA C) HPD D) DOB

12) When a title is passed from the seller to the buyer, the form used in the conveyance is the:

(A) sales contract. (B) agreement of sale. (C) deed. (D) habendum clause in the title.

Solutions

Expert Solution

9. (D) conformity to the surroundings

Reason: This is not how the property is made use of or put to use

10. (A) $1491.39

Reason: Interest = 34050 x (4.38/100) = $1491.39

11. (A) DHCR

Reason: This comes under the scope of DHCR

12. (C) Deed

Reason: A sale deed is an official transfer of title from seller to buyer

Rahul Sunny answered 2 years ago
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