Transcript Real Estate Jeopardy - OnCourse Publishing

Real Estate QUIZMASTER
Definitions
Analytical
Acronyms
Numerical
Miscellaneous
100
100
100
100
100
200
200
200
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300
300
300
300
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400
400
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500
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500
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Real Estate QUIZMASTER
Definitions
Analytical
Acronyms
Numerical
Miscellaneous
100
100
100
100
100
200
200
200
200
200
300
300
300
300
300
400
400
400
400
400
500
500
500
500
500
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 100
The number of periods
over which the payments
will be calculated given
the interest rate and
dollar amount of the loan
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 200
A written document
containing the contract
terms between the
borrower and lender
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 300
The proportion of
deposits that are held
in ready access for
immediate customer
withdrawal
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
DAILY
DOUBLE
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Daily Double
Definitions for 400
The clause under which the
lender has the right to
declare the entire loan
balance due after the
borrower defaults in any way
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 500
This clause requires full
repayment upon the sale
if the real estate that
secures the mortgage
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 100
The Statute of Frauds
requires all land interests
including mortgages to be
_____
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 200
Careful scrutiny of the
loan prior to its
origination is also
termed _______
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 300
A lender is hurt in a rising
interest rate environment but
does not benefit in a declining
interest rate environment
because pf the borrower’s
option to _____ the loan
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 400
This type of penalty negates
the benefit of prepaying a
loan because of market
based interest rate declines
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 500
Financial markets are
categorized as either
_____ markets or
capital markets
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 100
G D P
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 200
C R A
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 300
A R M
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 400
R T C
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Acronyms for 500
F R M
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 100
Freddie Mac prefers that the
mortgage payments be no more
than ___% of household
income if required expenses
are typical
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 200
Real risk free rates in the
US have run about
____________ for
longer term investments
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 300
If the nominal rate is 7%
and the estimated
inflation is 5%, then the
real rate is _____
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 400
Pension funds represent a
huge potential source of capital
for real estate since about
___________% of their current
total investment is outside real
estate
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Numerical for 500
The U.S. GDP has grown
at an average annual rate
of approximately ___
over the last 20 years
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 100
The ______ is the borrower
who is giving the lender a
mortgage on the property as
security for the borrowed
funds
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 200
A popular way to
measure default risk is
a score on ______
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 300
The property owner’s
______ interest is
subordinate to the lender’s
security interest in the
property
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 400
A callable bond can be
refunded upon
exercising a _______
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 500
The largest originator of
mortgages for one to four
residential unit properties
in the US are ______
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner