ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Investopedia puts it best: “Abstract of Title is the brief historical overview of all the historical documentation associated with a property, including titles, transfers, and claims against the property.”

Detailed explanation-2: -Which of the following situations is an example of a non-agency relationship? A non-agent, also referred to as a transaction broker, may assist a customer with ministerial tasks.

Detailed explanation-3: -Contains the strongest and broadest form of guarantee of title of any type of deed, and provides the greatest protection of any deed to the grantee. In this type of deed, the grantor makes various covenants, or warranties.

Detailed explanation-4: -The capitalization rate is calculated by dividing a property’s net operating income by the current market value. This ratio, expressed as a percentage, is an estimation of an investor’s potential return on a real estate investment. More items