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39 Cards in this Set
- Front
- Back
- 3rd side (hint)
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T - intersection |
Less desirable, end of a T intersection |
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Culdesac |
Open at the end only , circular turn around at end of street |
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Gable roof |
1 point with 2 sloping sides |
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Hip roof |
Peak at center / 4 slopping sides |
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Jalousie Windows |
Overlapping glass panels |
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Double Hung |
Bottom slides up , too slides down |
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Single hung |
Only bottom slides up |
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REIT |
Real estate investment trust , offers investors to invest in income producing properties |
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Static risk |
Can be transferred to insurer |
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Dynamic risk |
Cannot be transferred |
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Positive leverage |
Made a profit |
Pretty much how much value you have |
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Negative leverage |
Borrowed funds cost more than they are producing |
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Equity |
Current market value minus mortgage debt |
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Liquidation analysis ( 3 things ) |
Ability to pay off short term Value of inventory Liquidation value of preferred stock |
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Protest procedure step one : |
Contact property appraiser 25 days after trim |
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Immune |
Government owned property , no taxes |
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Exempt |
Property that is excluded from taxation |
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Homestead tax exemption ( 2 dates ) |
Legal title to property Jan 1 Application in by March 1 |
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Additional exemption ( 500 ) |
Widows Legally blind Nonveterans who are disabled |
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Green belt law |
Protects farmers from increased taxes from urban growth |
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Tax certificate |
A document sold by a local tax authority granting certificate buyer the right to receive delinquent taxes |
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Exclusion on gain |
Up to 250,000 of gain , realized on sale or exchange of principle residence |
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Purchase of real property from foreign sellers |
IRS requires that buyer withhold 10% of gross sale price |
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Operating expenses |
Cash outlays necessary for maintaining property |
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Financing expenses |
Interest paid , costs from borrowing money |
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Straight line method |
How depreciation is calculated |
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Variable that influence supply |
Land Materials Skilled labor Financing and construction loans |
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Variables that influence demand |
Price Income Credit Preference |
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Buyers market |
When supply and demand is upset by excess supply |
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Sellers market |
Excess demand |
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Base industries |
Attract outside money to the area ( film making, fertilizer plants ) |
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Service industries |
Grocery stores , retail |
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Zoning ordinance |
Local laws that implement the compressive plans |
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Buffer zone |
Strip of land separating one land use from another |
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Special use |
Controlling the location of particular land uses |
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Variance |
An exemption to zoning regulations granted to relieve a hardship |
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Legally nonconforming or being |
Grandfathered in |
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Environmental impact statement - EIS |
The long - term effect the proposed project will have on the surrounding environment |
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State taxes on the purchase of real property ( INS ) |
Intangible tax .002 Stamps on note .0035 Doc stamps on deed .007 |
To what to kill James Bond |
