Explanation
Amenity - something that aids in the provision of comfort, convenience, or enjoyment hotels with modern
amenities give basic facilities to inhabitants
Explanation
Correct definition
Add-On Factor - The amount of usable square feet in a business property divided by the number of
rentable square feet is the add-on factor.
Explanation
When the cost of mortgage payments, property taxes, insurance, and maintenance on a rental
property exceeds the income it generates, it is referred to be "alligator property." The property
owner will be left with a negative cash flow if this scenario is not resolved.
Explanation
Correct definition
Assignor - A person, organization, or other entity that transfers rights to another entity is known as an assignor.
The assignor gives the assignment to the assignee. A party (the assignor) that enters into a contract to sell a piece of
property, for example, might assign the contract's proceeds or benefits to a third party.
Explanation
Asset protection (also known as debtor-creditor law) is a set of legal strategies and a corpus of statutory
and common law that deals with defending individuals and businesses against civil money judgements.
Asset protection planning tries to shield assets from creditors' claims while avoiding perjury or tax evasion.
Explanation
In English real estate law, attornment (from French tourner, "to turn") is the tenant's acknowledgement
of a new lord following the alienation of land. The landlord-tenant relationship was reciprocal to some
extent under the feudal era. As a result, it was deemed unreasonable to submit the tenant to a new lord
without his consent, and as a result, alienation could not take place without the tenant's assent.
Explanation
Mortgage lenders use an Appraisal Management Company, or AMC, to arrange residential real estate
assessment services for properties on which they are considering issuing loans to homeowners.
Explanation
Appraiser - is to give an unbiased, thorough, and expert judgment on the market worth of a given piece of real estate.
Explanation
The Federal Deposit Insurance Corporation (FDIC) in the United States uses an affordable market
value (AMV) method to make housing more accessible for buyers. The sale price of a house or housing
unit sold through the FDIC's Affordable Housing Program is referred to as this.
Explanation
A bad title to property is one that does not grant distinct ownership. It's most commonly associated
with real estate. When all interests in a real property are not legally transferred to the owner, the outcome
is a defective title. Delinquent taxes or other unpaid liens can cause a title to be tainted.
Explanation
An absentee owner is someone who owns a property but does not live there or use it in any way.
Absentee landlords are individuals or businesses who own and rent out real estate but are not
physically present at or near the property.
Explanation
An abstract of title is a condensed history of a property's title, consisting of a summary of the original
grant and all subsequent conveyances and encumbrances affecting the property, as well as a certification
by the abstractor that the history is complete and accurate.
Explanation
The assessed worth of real property in the opinion of a competent appraiser or valuer is referred to as
an appraised value (in the United States) or a mortgage valuation (in Australia).
Explanation
Bank-owned properties are those that are taken into a bank's inventory when a foreclosure sale fails
to sell. When a homeowner defaults on their mortgage, a financial institution purchases the property.
Explanation
The correct answer
Loss Factor
Explanation
A backyard house, guest house, or casita, sometimes known as an auxiliary dwelling unit (ADU),
is a small residence that can be erected on the same lot as a larger single-family home or as part
of a community development. They are self-contained residences that include a kitchen, living
space, bathroom, and bedroom.
Explanation
Accelerated amortization is a method of making extra payments toward the principle of a mortgage.
With accelerated amortization, a loan borrower can make additional payments to their mortgage bill
in order to pay it off before the loan's due date.
Explanation
a person who owns and rents property but does not live on or near it and only visits it sometimes.
Explanation
A real estate yield is a calculation of an investment's future earnings. It's usually computed as a
percentage based on the asset's cost or market value once a year.
Explanation
Since shares of open-end or mutual funds are registered with the US Securities and Exchange
Commission, net asset value (NAV) is the value of an entity's assets less the value of its liabilities.
The Securities and Exchange Commission's stock is redeemed at its current market value. When
assessing the value of the underlying investments in hedge funds and venture capital funds by
investors, it is also a crucial metric.