__ refers to allocating part of an expense to the seller and part of the expense to a buyer based on the number of days the party owned the property.
A __ is an amount that one party must pay at closing or has already paid prior to closing.
__ Obsolescence - Due to a change in design features.
__ value of an asset is the amount of cash that a person would receive if he/she sold that asset today.
A __ is an amount that a party must receive at closing or that has already been received prior to closing.
__ Rate is used for commercial properties such as retail centers, office buildings, and apartments.
__ is the quantity of consumers who are willing and able to buy products at various prices during a given period of time.
A __ of title is a history of everyone who has owned the property since ownership began being recorded.
To refuse a loan to someone because they live in an area deemed to be a poor financial risk.
Gross Rent Multiplier
__ Obsolescence - These are conditions that have caused a change that the owner cannot control.
__ Deterioration - Caused by age and normal wear and tear.
Verticales
The __ requires that a lender base its decision to approve or deny credit on the applicant’s income and credit rating.
In order for a title to transfer from one owner to another, the seller must be able to produce a “__ title.”
To ensure that the borrower has enough cash for any required down payment, proof of __ will be required.
The __ Approach considers the cost to replace the property if it had to be reconstructed under current conditions.
A/An __ of title is a summary giving details of the title deeds and documents that prove an owner's right to dispose of land, together with any encumbrances that relate to the property.
__ Notice - That which comes from public records or deeds showing ownership.
A state of balance between supply and demand.
Principle of __ - What are the future benefits?
The Closing __ form must be provided by the lender to the borrower at least three business days before consummation of the loan.
In short supply.
__ Approach - Typically used for properties with more than one unit, such as a duplex or four-plex.
Net Operating Income
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