A 99-unit apartment building that was acquired for $2.7 million generates a 7.5% before tax annual return on equity with a $1.5 million 10-year interest-only first mortgage loan at a 5.0% annual interest rate. What is the debt service coverage ratio on the loan? 2.2 1.83 0.54 2.7
Q: Select the action that falls within the duties and powers of the Florida Real Estate Commission.…
A: The Florida Real Estate Commission (FREC) is a government body that regulates real estate licenses…
Q: 25. The majority of moral decisions are made without thinking through the consequences; these…
A: c. unconscious Explanation:The correct answer is letter c which is unconscious because it indicates…
Q: A Florida homeowner who wishes to sue his homeowner's insurance company must provide the company…
A: Insurance can be described as a contractual agreement b/w an individual and a company where the…
Q: Thomas contacted Welsh, a realtor, and asked him to be looking for property that is at least 20…
A: The objective of the question is to determine whether an express contract has been formed between…
Q: Evaluate the following scenarios and choose the one most likely to benefit from an option contract.…
A: The objective of the question is to identify which scenario would most benefit from an option…
Q: A Harvard student heard from a friend at UCLA, who had recently taken an excellent real estate…
A: The correct answer is: Have to comply with the underwriting guidelines for loans that Fannie Mae and…
Q: What is the impact of the non-profit organization’s ethical practices on its public image
A: The objective of the question is to understand the influence of ethical practices of a non-profit…
Q: help
A: The question pertains to a scenario involving damage caused by a borrowed lawn mower. Specifically,…
Q: Where along a value chain do organizations with an operational excellence strategy need to focus…
A: The objective of the question is to understand where organizations with an operational excellence…
Q: Cody offered to sell certain land to Daniel for $50,000 by a letter, which was signed by Cody. The…
A: The objective of the question is to determine whether a valid contract exists between Cody and…
Q: What is bargaining in good faith? Go to the website for the National Labor Relations Board (NLRB)…
A: Bargaining in good faith, as defined by the National Labor Relations Act (NLRA), is the obligation…
Q: A $27.0 million mortgage loan from Bank of America fully amortizing over twenty five years at a…
A: The objective of the question is to calculate the amount the borrower will have to pay to the lender…
Q: A 99-unit apartment building that was acquired for $2.7 million generates a 7.5% before tax annual…
A: The Debt Service Coverage Ratio (DSCR) is approximately 2.7.Explanation:To calculate the Debt…
Q: What are some factors that catalyze social change? A. Strain in the system B. All of the above C.…
A: Answer: B. All of the aboveThe answer is B because social change is rarely the result of a single…
Q: Consumers have rights, but consumers also have to fulfill in order to be granted these rights. The…
A: Consumer refers to the person who buys goods or services for the satisfaction of their needs and…
Q: Of the following statements related to liability for Canadian income tax, which statement is NOT…
A: Government's income tax regulations are a unique set of guidelines that govern the complex process…
Q: Outline the nature of the relationship between a Promoter and the company using law cases to qualify…
A: Promoters are key figures in forming and launching a company, playing vital roles in identifying…
Q: If a $900,000 30-year fully amortizing fixed rate mortgage loan from City National Bank has an…
A: Amortization in the context of a fixed-rate mortgage loan refers to the process of gradually paying…
Q: Is a foreign-born minor child of a United States Citizen subject to a Family-Based Immigrant Visa…
A: The objective of the question is to determine whether a foreign-born minor child of a United States…
Q: why is ethical misconduct more difficult to overcome than poor financial performance?
A: Applying moral rules and values to people's and organizations' behavior in the business world is…
Q: Consider an industry with two firms producing similar products. Each firm's total cost (in dollars)…
A: Two companies, Acme and Generic, producing similar products.Acme's cost structure: They have a fixed…
Q: Alan’s real estate broker suggested that he use a quitclaim deed to sell his super cool Brentwood…
A: Alan's real estate broker suggested that he use a quitclaim deed to sell his super cool Brentwood…
Q: What are the characteristics of a professional?
A: Being a professional involves a variety of characteristics that extend beyond technical abilities…
Q: Explain how the following became sources of an obligation 1. Law 2. Contract 3. Quasi-contract 4.…
A: Business law is the aspect of the law that redescribes the rules, regulations, and laws that are…
Q: An industrial property’s first year annual NOI is projected to be $777,000, the property’s…
A: The capitalization rate (cap rate) quantifies the relationship between a property's net operating…
Q: What is the loan-to-value ratio of a loan of $90,000 on a property sold for $120,000? 80% 75% 85%…
A: The objective of the question is to calculate the loan-to-value (LTV) ratio of a loan. The LTV ratio…
Q: Under the federal rules for tax-qualified LTC policies, a chronically ill individual is someone who…
A: Long-term care (LTC) is a critical aspect of healthcare that addresses the needs of individuals who…
Q: What recent legal developments have impacted product liability cases?\
A: Product liability cases involve legal claims brought against manufacturers, distributors, and…
Q: Business PESTLE analysis on United Arab Emirates
A: The objective of this question is to conduct a PESTLE analysis on the United Arab Emirates (UAE).…
Q: 1. Describe the difference of the two methods of discovery, interrogatory and deposition. 2. Which…
A: Given: In legal proceedings, parties often need to gather information from each other to build their…
Q: How have Supreme Court decisions in recent years affected trends, policies, or court decisions in…
A: " Since you have posted multiple questions, we will provide the solution only to the first question…
Q: Which statement accurately describes the contrast between statutes and ordinances? O Ordinances…
A: A contract refers to an agreement between two parties that creates an obligation to perform (or not…
Q: A sales associate gives an opinion of title. This is: not a violation or a crime a minor violation…
A: Property law is the structured legal process that determines who is allowed to possess, use, and…
Q: Required information [The following information applies to the questions displayed below.] Moran…
A: The gain or the loss depends upon the sale of the assets and the book value of the assets. If it is…
Q: Question 2 of 5. Which of the following are true regarding Small Business Service Referrals (select…
A: Running a small business often involves juggling numerous tasks, with financial management being a…
Q: Which of the following represents the MOST accurate contractual definition of "consideration"?…
A: The objective of the question is to identify the most accurate definition of 'consideration' in the…
Q: If mortgage lenders immediately sell the loan they originate to the secondary market, how do they…
A: The objective of the question is to understand how mortgage lenders make money when they sell the…
Q: What is the inherent unfairness of a company filing multiple H1-B Visas for the same employee?
A: The question is asking about the potential unfairness that may arise when a company files multiple…
Q: How do nonresidential and residential transactions compare with respect to the duties and…
A: The Brokerage Relationship Disclosure Act outlines the duties and disclosure requirements for three…
Q: occasions, a manager of the dealership sat down next to her during business meetings at the…
A: Note: As per our Authoring guidelines we are not allowed to provide any citations or references in…
Q: There have been several arguments against business ethics. Which argument best supports the idea…
A: b. Profits benefit all. This argument implies that an organization is providing a good contribution…
Q: n September 2012, a 260,000 square foot Costco anchored shopping center was acquired in San Mateo,…
A: The objective of the question is to identify the best possible options for the owner of a property…
Q: ship in the western U.S. hou 17:47ated on several acres of SOS 63 ●●●● < New Folder suburbs Broker…
A: The objective of the question is to determine whether Grover has any legal standing to sue Ernie…
Q: Neville is creating a business named Origami Paper Products Corporation. Neville asks you how many…
A: A corporation is a legal entity that is separate and distinct from its owners (shareholders). It is…
Q: Sales Associate Vance put a seller's home on the multiple listing service, staged the house, took…
A: The objective of the question is to understand why the activities and efforts that Vance, a sales…
Q: Nathalie's house has increased in value due to modification. Which of these most likely describes…
A: The question presents a scenario involving Nathalie's house and asks which option best describes why…
Q: The 25-year-old NAFTA agreement is set to be replaced with a new agreement, the USMCA. Which…
A: The North American Free Trade Agreement (NAFTA), established in 1994, marked a significant milestone…
Q: A suburban office building in Fort Worth, Texas with 36,000 square feet was purchased for $4,500,000…
A: c. - $24,000Explanation:Purchase Price: $4,500,000Cap Rate: 8% Debt Service (Year 1):…
Q: What are the possible consequences of delay in the courts, and what are some possible solutions to…
A: Business law is the aspect of the law that redescribes the rules, regulations, and laws that are…
Q: A property's annual property taxes equaled $7,560. The seller owes the buyer for 20 days c prorated…
A: The objective of the question is to calculate the amount the seller owes the buyer for 20 days of…
Step by step
Solved in 1 steps