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Real Estate

This week we will be discussing the final walkthrough before closing. Read The B

This week we will be discussing the final walkthrough before closing. Read The Balance’s article by Elizabeth Weintraub, “Tips for Doing the Final Walkthrough Before Closing on a Home” (attached). In it, Elizabeth stresses the point that final walkthroughs aren’t home inspections… nor are they a time to begin negotiations with the seller to do repairs.” Reflect on the information in the article, then give your thoughts on a few questions. Here we go…
A point is made that buyers may be tempted to pass on the final walkthrough. What would you say to your clients to have them reconsider that stance?
Scenario #1: You do the final walkthrough with your client and find that some of the agreed upon repairs the seller agreed to have done… weren’t. How would you approach this situation?
Scenario #2: The home inspection showed no blaring issues, but you do the walkthrough two-days before closing and you find a problem. How would you address this with your client, the buyer? The seller and their agent? My discussion boards are opinion oriented. That being said, remember net etiquette and be sure to provide a brief explanation/justification for your viewpoint. There is no right or wrong answer to these questions, just your personal, thoughtful response.
Also remember to respond to one of your classmates. That part is 40% of this grade… Good luck!

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Real Estate

Please only use our textbook as a source: William Pivar & Robert Bruss, Calif. R

Please only use our textbook as a source: William Pivar & Robert Bruss, Calif. Real Estate Law (10th ed. 2019).
Assignment: 1) Prepare a grant deed based on the following information. 2) In a thoughtful essay that applies cited law from the textbook:
a) Identify the different types of deeds that are used in CA. b) Then, explain the effect of using a Grant Deed to transfer the ownership interests of the parties in the subject property (what are the bundle of rights / warranties provided?)
c) If a Quit Claim Deed was executed by the parties instead of a Grant Deed, how would that change the ownership interests of the parties?
Fictional Fact Pattern:
Blackacre, which is located in San Diego, CA, is being conveyed via Grant Deed in fee simple from Allison Apple to Betty Blueberry for $2,500,000. Betty Blueberry is purchasing the property for her residence. She currently resides at 543 Rose Blvd., San Diego, CA. The legal description for Blackacre is “Lot 22, Block 7, Blackmark Estates according to the plat thereof as recorded in Official Records Book 5405 at Page 32 of the public records of San Diego County, CA.” The deed is executed on September 1, 2021. The property is being transferred subject to a mortgage in favor of Chase Bank, dated August 8, 1989, and recorded in Official Records Book 4928 at Page 250 of the public records of San Diego County. The original amount of the mortgage was $490,000. Blackacre is located at 1234 Estates Rd, San Diego, CA 92101. There are several essential elements to a valid deed:
1. It must be in writing;
2. The parties must be properly described;
3. The parties must be competent to convey and capable of receiving the grant of the property;
4. The property conveyed must be described so as to distinguish it from other parcels of real property;
5. There must be a granting clause, operative words of conveyance (e.g., “I hereby grant”);
6. The deed must be signed by the party or parties making the conveyance or grant; and
7. It must be delivered and accepted.
Any form of written instrument containing the essential elements above will convey title to land.
A typical grant deed may be in the form as follows:
“I, John A. Doe, a single man, grant to Emma B. Roe, a widow, all that real property
situated in Sacramento County, State of California, described as follows: Lot 21,
Tract 62, recorded at Page 91 of Book 7 of Maps of Sacramento County, filed
January 21, 1965. Witness my hand this tenth day of October, 1983.
(Signed) John A. Doe”
A sample grant deed count be found here: https://arcc.sdcounty.ca.gov/Documents/GD.pdf

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Real Estate

Why does it matter that we model retail activity using a hierarchical model of goods and center types?

Why does it matter that we model retail activity using a hierarchical model of goods and center types? In short, are trade areas the same for all retail? Why might they differ, especially with a focus on type of good or service? Please make use of the readings. How has the Pandemic perhaps changed these factors and hierarchies?
some related documents are attached

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Real Estate

What is the estimate property before tax cash-flow (ebtcf) for each year of operations?

Fundamentals of Real Estate Question: I don’t know how to set up this question in excel.
You are considering the purchase of a retail building for 34 million today. Below you are given the information you need to analyze the investment and decide how to proceed.
Your expectations for this stabilized property include the following: 60 unit charging average monthly rents of $3000 a month; Free rent for 6 weeks for all the tenants in yer 1due to the recession, but this policy ends after year 1. 9% vacancy in year 1 due to the recession and 4% vacancy in all years thereafter; operating expense ratio of 45% but tenants for 25% of operating expense. Capital reserve equal to 10% of EGI; and leasing costs equal to 50% of vacancy losses. The cap rate goes up by 100 basis points during the time you are invested in the property, and you use this new cap rate to value the property at the time of sale, which is year 6. Your selling expenses are 2.75% of the resale price. You get a 60% LTV mortgage with a 7% interest rate. Your equity investors expect a return of 10%.
1. What is the estimate property before tax cash-flow (EBTCF) for each year of operations? please show the calculations in the form of a pro-forma.

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Real Estate

Do you agree or disagree that it is ‘huge for agents (you) to have their whole being seen?

We are going into advice mode for this week’s discussion. This discussion addresses brokerage leadership with an alternative reference point. Inspiration and style can and do come from within. I’ve always stressed that every real estate agent has their own style based on their personality and experiences among other things. Embrace your “you” and work it. There’s no crime in being successful AND happy!
Read the Realtor® Magazine article “Brokerage Lessons from a Punk Rocker” (attached) by Pamela Dittmer McKuen. In it, we get insight from Jenelle Isaacson, successful real estate broker. Jenelle speaks of ‘creating your own space and joy through serving.’ Real estate is more than a transaction and a check. It’s people. It’s community. It’s giving back. Reflect on the information in the article, then give your thoughts on a few questions. Here we go…
Jenelle’s company is built on eight values. Do you believe she has established a sound foundation or is being idealistic? Why?
She emphasizes collaboration and recognizing that her agents have goals outside the transaction. Whether you are new to the profession or a long timer, you need to have life beyond the brokerage. When you seek out your sponsoring broker, will you concentrate on questions surrounding compensation or ask about the company’s mission and vision? Why?
Do you agree or disagree that it is ‘huge for agents (YOU) to have their whole being seen? Why?
My discussion boards are opinion oriented. That being said, remember net etiquette and be sure to provide a brief explanation/justification for your viewpoint. There is no right or wrong answer to these questions, just your personal, thoughtful response.
Also remember to respond to one of your classmates. That part is 40% of this grade… Good luck!

Categories
Real Estate

Closing the Real Estate Transaction

Closing the Real Estate Transaction
Choose four terms or concepts that might be used during a Real Estate closing. Write a formal, 6 – 10 page APA formatted research paper explaining the meaning of each term, why it is important, to whom it is important (buyer, seller, real estate agent, closing agent, or lender). List any important issues and concerns or advantages and disadvantages. The Real Estate terms used should illustrate the field’s current terminology.
Some examples of such terms include HUD-1, escrow closing, deed, note, mortgage, marketable title, title search, binder, deed of trust, warranty or other deeds, closing costs, prorated prepaid expenses, transfer tax, etc.
Within the paper, the student should include a discussion around career opportunities that exist in the real estate industry and the personal, educational, experiential and licensing requirements that pertain to each.
Three references are required. Two must be from the APUS Library (See Course Guide for help).
Style Guidelines for the paper (See Hints for help):
Use a header on every page, including the title page. The header should be formatted according to APA guidelines.
A title page with the title, author, class, class section, professor, and date should be on the title page, centered on the page. This title page does NOT count toward your 6 to 10 page requirement.
Margins are one inch on all sides.
All content is double-spaced and left-justified.
Indent the first line of every paragraph five spaces or use the TAB key. Do not leave extra space between paragraphs.
Use Times New Roman 12 point font.
An Executive Summary is required.
References page must be a separate page at the end of the paper.
Use APA style guidelines for the paper, including all references and other writing.

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Real Estate

What is the process for a mortgage broker to seek clarification about a product or policy, run a particular scenario with a lender or answer a client’s advice request?

Question 1
What is the process for a mortgage broker to seek clarification about a product or policy, run a particular scenario with a lender or answer a client’s advice request?
Question 2
What is the main role of a mortgage broker? (Identify the primary role of a mortgage broker, his Responsible Lending Obligations and Best Interest Duties Obligations).
Question 3
Outline the procedures and principles of deposit bonds.
Question 4
According to Asic, list four situations which could define ‘vulnerability’ in a person that might affect the finance and mortgage broking services.
Question 5
Explain the key features of Lender’s Mortgage Insurance.

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Real Estate

Write a formal, 6 – 10 page APA research paper on the housing market crash and where we stand today.

Write a formal, 6 – 10 page APA research paper on the housing market crash and where we stand today. The paper should describe the scope and principal features of the field of study (such as Real Estate Broker, Agent, Appraiser, etc.), citing core theories and practices, and offer a similar explication of a related field. This means, explain how the perspective you chose relates to the field of Real Estate in general and the other areas within Real Estate.
write your paper from the following perspectives:
-Appraisers and their job or role
A minimum of three references are required. Two must be from the APUS Library (See Course Guide for help). Wikipedia is NOT a valid Academic source. Dictionaries and encyclopedias may be used; however, they do not count towards your minimum two library references.
Style Guidelines for the paper:
Use a header on every page, including the title page. The header should be formatted according to APA guidelines.
A title page with the title, author, class, class section, professor, and date should be on the title page, centered on the page. This title page does NOT count toward your 6 to 10 page requirement.
Margins are one inch on all sides.
All content is double-spaced and left-justified.
Indent the first line of every paragraph five spaces or use the TAB key.
Do NOT leave extra space between paragraphs.
Use Times New Roman, 12-point font.
An Executive Summary is required.
References must be a separate page at the end of the paper.
Use APA style guidelines for the paper, including all references and other writing

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Real Estate

You are the team leader of five mortgage brokers and six loan processors and have decided to promote a healthier diet to enhance your team health and wellbeing.

You are the team leader of five mortgage brokers and six loan processors and have decided to promote a healthier diet to enhance your team health and wellbeing. You are to create a poster that you will display in the dining area. The poster must be suitable for the audience and purpose, and meaningful to the team members.
Poster must:
Be adapted to the audience
Be suitable for the purpose
Be a positive enhancement to encourage wellbeing

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Real Estate

Top 5 tips to sell your home fast in (city name)

Top 5 tips to sell your home fast in (city name)
Must have 300-500 words