This chapter discusses various topics related to real estate investing and brokerage, including why people invest in real estate, the benefits of investing, and the roles brokers can play in helping clients with investment properties, business opportunities, and other specialty areas like property management, escrow, and loan brokerage. It also covers regulations related to topics like syndication, selling businesses, probate sales, and manufactured housing.
The document summarizes key aspects of the escrow process. It outlines the requirements for a valid escrow including signed escrow instructions, a neutral escrow holder, and conditional delivery of funds and documents. It describes the roles of escrow holders, brokers, and officers. It also explains how escrows work including opening escrow, escrow instructions, financing, proration, fire insurance, title insurance, and key regulations like RESPA.
This document summarizes various real estate-related taxes in the United States, with a focus on taxes in California. It discusses property taxes, including Proposition 13 which limits increases in property tax assessments; documentary transfer taxes paid when transferring property; federal and state income taxes; capital gains taxes; and other taxes such as business license taxes paid by real estate brokers.
This chapter discusses property management and fair housing laws. It covers the types of properties that can be managed, the duties and responsibilities of property managers, and laws governing landlord-tenant relationships and discrimination in housing. The chapter also addresses selecting tenants, maintaining accurate records, rent control policies, and professional associations for property managers.
The document discusses different types of real estate listings and agency relationships. It covers employing an agent through a written listing agreement that establishes the broker's right to a commission. Listing types include open, exclusive, net, and multiple listings. The disclosure of agency relationships and obtaining proper consent is also addressed. Steps for preparing, securing, and servicing a listing are provided, including overcoming seller objections, maintaining contact, and providing regular reports.
The document summarizes California real estate licensing requirements and regulations. It covers topics such as obtaining a real estate license as a salesperson or broker, license renewal requirements including continuing education, the role and powers of the California Bureau of Real Estate, common real estate law violations, and real estate trade associations.
This chapter discusses various aspects of the real estate finance process. It covers conventional institutional financing sources like mortgage bankers, savings banks, and commercial banks. It also describes government financing options through FHA, VA, and Cal-Vet programs. The chapter explains how borrowers are qualified, including credit scoring and applicable laws. Non-institutional financing such as junior loans and land contracts are explained. The chapter concludes with discussions of loan defaults, real estate owned properties, and short sales.
This chapter discusses how to get started as a salesperson by interviewing and selecting a broker, setting goals and objectives, and understanding the broker-salesperson relationship. It covers key steps like developing a sphere of influence, soliciting clients, and previewing and showing properties. The chapter also summarizes the roles and responsibilities of brokers, different types of brokerage firms, and important record keeping requirements.
The document discusses filling out a residential purchase agreement contract in California. It explains that purchase contracts are necessary to address financing, possession, title, liens and other key aspects of a real estate transaction. The latest version of the purchase agreement form released in 2014 includes changes to provide more clarity and definite terms. Contingency clauses allow parties to be released from obligations if certain required actions are not fulfilled by a specified time. The document then provides detailed instructions for completing each section of the residential purchase agreement form, including offer details, financing terms, property disclosures, inspection contingencies, closing arrangements and other key terms.
The document summarizes key aspects of the escrow process. It outlines the requirements for a valid escrow including signed escrow instructions, a neutral escrow holder, and conditional delivery of funds and documents. It describes the roles of escrow holders, brokers, and officers. It also explains how escrows work including opening escrow, escrow instructions, financing, proration, fire insurance, title insurance, and key regulations like RESPA.
This document summarizes various real estate-related taxes in the United States, with a focus on taxes in California. It discusses property taxes, including Proposition 13 which limits increases in property tax assessments; documentary transfer taxes paid when transferring property; federal and state income taxes; capital gains taxes; and other taxes such as business license taxes paid by real estate brokers.
This chapter discusses property management and fair housing laws. It covers the types of properties that can be managed, the duties and responsibilities of property managers, and laws governing landlord-tenant relationships and discrimination in housing. The chapter also addresses selecting tenants, maintaining accurate records, rent control policies, and professional associations for property managers.
The document discusses different types of real estate listings and agency relationships. It covers employing an agent through a written listing agreement that establishes the broker's right to a commission. Listing types include open, exclusive, net, and multiple listings. The disclosure of agency relationships and obtaining proper consent is also addressed. Steps for preparing, securing, and servicing a listing are provided, including overcoming seller objections, maintaining contact, and providing regular reports.
The document summarizes California real estate licensing requirements and regulations. It covers topics such as obtaining a real estate license as a salesperson or broker, license renewal requirements including continuing education, the role and powers of the California Bureau of Real Estate, common real estate law violations, and real estate trade associations.
This chapter discusses various aspects of the real estate finance process. It covers conventional institutional financing sources like mortgage bankers, savings banks, and commercial banks. It also describes government financing options through FHA, VA, and Cal-Vet programs. The chapter explains how borrowers are qualified, including credit scoring and applicable laws. Non-institutional financing such as junior loans and land contracts are explained. The chapter concludes with discussions of loan defaults, real estate owned properties, and short sales.
This chapter discusses how to get started as a salesperson by interviewing and selecting a broker, setting goals and objectives, and understanding the broker-salesperson relationship. It covers key steps like developing a sphere of influence, soliciting clients, and previewing and showing properties. The chapter also summarizes the roles and responsibilities of brokers, different types of brokerage firms, and important record keeping requirements.
The document discusses filling out a residential purchase agreement contract in California. It explains that purchase contracts are necessary to address financing, possession, title, liens and other key aspects of a real estate transaction. The latest version of the purchase agreement form released in 2014 includes changes to provide more clarity and definite terms. Contingency clauses allow parties to be released from obligations if certain required actions are not fulfilled by a specified time. The document then provides detailed instructions for completing each section of the residential purchase agreement form, including offer details, financing terms, property disclosures, inspection contingencies, closing arrangements and other key terms.
This document discusses the role and responsibilities of a real estate assistant. It defines a real estate assistant as someone who helps agents by taking on duties that take the agent away from spending time with clients. Assistants may be licensed or unlicensed. Larger brokerages with over 50 agents typically employ multiple assistants, while successful smaller firms usually employ 1-2 assistants. The duties of an assistant can include alphabetizing files, maintaining master transaction files, updating listings and client data, scheduling appointments, assisting with technology needs, acting as a notary public, coordinating with escrow, and following up after transactions to improve future processes.
The document discusses how real estate agents and homebuyers are increasingly using online tools and technology throughout the home search and buying process. It outlines how most homebuyers now conduct extensive online research before meeting with an agent, and how agents are adapting by creating virtual tours and using smartphones and social media to stay connected with clients. While online tools have changed some aspects of the industry, the document emphasizes that real estate agents are still needed to navigate the complex buying process. It then provides details on popular real estate websites, how MLS listing data is aggregated online, and how agents can market themselves and their listings using the internet and social media.
The document provides an outline for a course on advanced IRC Section 1031 exchange concepts. It covers exchange terminology, definitions of like-kind property, delayed and reverse exchanges, boot, identification and exchange periods, restrictions on exchange proceeds, related party rules, and issues around vacation homes and tenant-in-common ownership structures.
Buying and investing in the london property marketBolt Burdon
This document summarizes key topics related to buying and investing in the London property market. It discusses things to consider when purchasing an investment property such as location, rental demand, and buy-to-let mortgages. It also covers lease extensions, tenancy agreements, taxation implications, and using marriage agreements and wills for estate planning purposes. The presentation is intended to provide an overview of important legal and financial factors rather than specific advice.
This document summarizes key concepts related to property dispositions from Chapter 10, including:
1) Calculating realized and recognized gains and losses on property dispositions based on amount realized and adjusted basis.
2) Characterizing gains and losses as ordinary, capital, or Section 1231 depending on the type of property.
3) Explaining depreciation recapture rules that may recharacterize gains on depreciable property as ordinary income.
4) Describing exceptions to recognition of gains and losses such as like-kind exchanges, involuntary conversions, and installment sales.
Buying Your Home Selttlement Costs and Helpful InformationMadonna Hartley
From The US Department of Housing and Urban Development-HUD.Obtaining a mortgage,settlement costs,defination of terms and other need to know information for the informed consumer.
An appraisal of sale leaseback transaction in nigeria property marketAlexander Decker
This document summarizes a research paper on sale-leaseback transactions in Nigeria's property market. It begins by defining sale-leaseback as a transaction where a property owner sells real estate to an investor and then leases it back, providing both parties benefits. The paper then explores perceptions of and adoption of sale-leaseback in Nigeria. It finds that while sale-leaseback can provide alternative financing and free up capital for property owners, investors in Nigeria lack awareness of it due to cultural, policy and land title issues. The paper recommends the government develop frameworks and an enabling environment to promote greater use of sale-leaseback transactions.
Commercial Leases, Their Provisions and Pitfalls to Avoid (Series: Real Estat...Financial Poise
Like any other contract, the provisions of a commercial lease are negotiable. Yet, like so many contracts, commercial leases can be confusing to anyone who does not negotiate them for a living. This webinar explains many of the common provisions in a typical commercial lease (e.g. competition clauses, destruction/condemnation provisions, enforcement provisions, escalation clauses, purchase and renewal options, subletting and assignment provisions, use provision- just to name some examples) and discusses what is “market” with respect to them.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/commercial-leases-their-provisions-and-pitfalls-to-avoid-2020/
Elderly care conference 2017 - Workshop stream A - the legal framework: share...Browne Jacobson LLP
This presentation covers what the difference between a share sale and an asset sale is. Key documents involved in a transaction, due diligence, how to address risks and limitation of liability.
In today’s economic environment, it’s challenging to locate investments with high yields and low risk. Equities are volatile and fraught with risk, while the usual safe investments–such as bonds and CD’s–are encumbered with persistently low interest rates.
You’ll appreciate an intimate form of money management. Gain more control over the transactions you choose to participate in and insulate from external shocks common in publicly traded companies.
Capital Allocation
As experienced advisors to private lenders, HNW investors and smaller-balanced pension funds placing capital into real estate opportunities with experienced sponsors, we have intimate understanding of the asset class and proven ability to meaningfully place capital into these assets.
Connect with us https://www.linkedin.com/showcase/fzgrealty
What You Need To Know Before Selling Your Bankruptcy Claimppphilbin
The document discusses selling bankruptcy claims and the process involved. It outlines what claims trading is, the documents required for a claims sale such as a claims agreement, and procedures under Federal Bankruptcy Rule 3001(e). Buyers can be brokers, passive investors, or active investors looking to own bankrupt company assets. Sellers should have legal counsel review documents and be aware of representations and warranties buyers may require.
The document discusses selling bankruptcy claims and the process involved. It explains what claims trading is, the documents required for a claims sale such as a claims agreement, and requirements under bankruptcy procedure 3001(e). It outlines the process for objections and provides tips to minimize risks when selling a claim.
How has depreciation changed in your years of practice? Whether you have been in practice for 5 years or 40 years, the changes in the rules on depreciation have been staggering. Let’s walk down memory lane and see just where each of us gets lost in the Depreciation Maze.
New Rental Real Estate Recordkeeping Practices For Property OwnersRea & Associates
Historically, it hasn’t been easy to determine whether a rental real estate enterprise is considered a “trade or business” for the purposes of Section 199A. So the IRS came out with Notice 2019-7 to make this determination a little clearer.
The new safe harbor rule allows individuals and entities that own rental real estate directly or through a disregarded entity to treat the rental real estate enterprise as a trade or business for purposes of claiming the Qualified Business Income (QBI) deduction as long as certain requirements are met. During this hour-long presentation, Dana Lee, CPA, a senior manager on Rea & Associates’ tax team will walk you through the requirements while providing a few tips to make your life easier along the way.
If you own rental real estate, be sure to register for this hour-long webinar to learn:
What requirements you must now meet to claim the QBI deduction.
How to ensure that your logs comply with the IRS’s “contemporaneous records” mandate.
Which rental activities are allowed to make up your annual 250 hours (minimum) worth of services related to your rental real estate enterprise and which activities no longer apply.
Additional new safe harbor provisions related to your rental real estate property to consider when filing your 2019 tax return.
This document provides information for home buyers on the home buying process. It discusses reasons for buying a home, benefits of ownership, and outlines an 8-step roadmap for purchasing a home. The roadmap includes hiring an agent, getting preapproved for a loan, shopping for homes, making an offer, negotiating, inspections, closing on the property, and post-closing tasks. It also covers types of financing, distressed properties, and the roles of different industry professionals in the process.
This document discusses the requirements for a valid real estate contract, remedies for breach of contract, the role of real estate agents and brokers, and taxation implications of real property sales. A valid contract requires legal capacity of parties, mutual agreement through offer and acceptance, consideration, a lawful purpose, and being in writing. In the event of default, the nondefaulting party can pursue money damages, liquidated damages, rescission of the contract, specific performance, or recovery of expenses. Real estate agents and brokers represent buyers or sellers through listing agreements, which can be open, exclusive, or exclusive right-to-sell.
IAS 39 establishes principles for recognizing and measuring financial assets, financial liabilities, and some contracts to buy or sell non-financial items. It aims to classify financial instruments into appropriate measurement categories and provides guidance on recognizing and derecognizing financial instruments, impairment of financial assets, and hedge accounting. IAS 39 has been replaced by IFRS 9 for annual periods beginning on or after January 1, 2013, though parts of IAS 39 remain in effect until fully replaced by future phases of IFRS 9.
Real Estate Brokerage Professional Ethics for Residential and Commercial Real...Jody O'Brien
Massachusetts Continuing Education Course – 2 Credits. Our Professional ethics is a dynamic, living code of conduct that guides our professional activities and our relationships with the public and other practitioners. Join us as we explore the laws and regulations of Massachusetts as well as NAR’s Code of Ethics as they guide us through a real estate transaction.
This document discusses two solar energy projects. Loyola Marymount University installed a 130kW solar system provided by Panasonic US on its Life Sciences Building. Clos du Val Winery in Napa Valley installed a 70kW solar system provided by Bright Power Inc. Both projects harnessed solar energy using systems from the company Sunpreme, which empowers solar energy capture from all directions.
This document discusses the role and responsibilities of a real estate assistant. It defines a real estate assistant as someone who helps agents by taking on duties that take the agent away from spending time with clients. Assistants may be licensed or unlicensed. Larger brokerages with over 50 agents typically employ multiple assistants, while successful smaller firms usually employ 1-2 assistants. The duties of an assistant can include alphabetizing files, maintaining master transaction files, updating listings and client data, scheduling appointments, assisting with technology needs, acting as a notary public, coordinating with escrow, and following up after transactions to improve future processes.
The document discusses how real estate agents and homebuyers are increasingly using online tools and technology throughout the home search and buying process. It outlines how most homebuyers now conduct extensive online research before meeting with an agent, and how agents are adapting by creating virtual tours and using smartphones and social media to stay connected with clients. While online tools have changed some aspects of the industry, the document emphasizes that real estate agents are still needed to navigate the complex buying process. It then provides details on popular real estate websites, how MLS listing data is aggregated online, and how agents can market themselves and their listings using the internet and social media.
The document provides an outline for a course on advanced IRC Section 1031 exchange concepts. It covers exchange terminology, definitions of like-kind property, delayed and reverse exchanges, boot, identification and exchange periods, restrictions on exchange proceeds, related party rules, and issues around vacation homes and tenant-in-common ownership structures.
Buying and investing in the london property marketBolt Burdon
This document summarizes key topics related to buying and investing in the London property market. It discusses things to consider when purchasing an investment property such as location, rental demand, and buy-to-let mortgages. It also covers lease extensions, tenancy agreements, taxation implications, and using marriage agreements and wills for estate planning purposes. The presentation is intended to provide an overview of important legal and financial factors rather than specific advice.
This document summarizes key concepts related to property dispositions from Chapter 10, including:
1) Calculating realized and recognized gains and losses on property dispositions based on amount realized and adjusted basis.
2) Characterizing gains and losses as ordinary, capital, or Section 1231 depending on the type of property.
3) Explaining depreciation recapture rules that may recharacterize gains on depreciable property as ordinary income.
4) Describing exceptions to recognition of gains and losses such as like-kind exchanges, involuntary conversions, and installment sales.
Buying Your Home Selttlement Costs and Helpful InformationMadonna Hartley
From The US Department of Housing and Urban Development-HUD.Obtaining a mortgage,settlement costs,defination of terms and other need to know information for the informed consumer.
An appraisal of sale leaseback transaction in nigeria property marketAlexander Decker
This document summarizes a research paper on sale-leaseback transactions in Nigeria's property market. It begins by defining sale-leaseback as a transaction where a property owner sells real estate to an investor and then leases it back, providing both parties benefits. The paper then explores perceptions of and adoption of sale-leaseback in Nigeria. It finds that while sale-leaseback can provide alternative financing and free up capital for property owners, investors in Nigeria lack awareness of it due to cultural, policy and land title issues. The paper recommends the government develop frameworks and an enabling environment to promote greater use of sale-leaseback transactions.
Commercial Leases, Their Provisions and Pitfalls to Avoid (Series: Real Estat...Financial Poise
Like any other contract, the provisions of a commercial lease are negotiable. Yet, like so many contracts, commercial leases can be confusing to anyone who does not negotiate them for a living. This webinar explains many of the common provisions in a typical commercial lease (e.g. competition clauses, destruction/condemnation provisions, enforcement provisions, escalation clauses, purchase and renewal options, subletting and assignment provisions, use provision- just to name some examples) and discusses what is “market” with respect to them.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/commercial-leases-their-provisions-and-pitfalls-to-avoid-2020/
Elderly care conference 2017 - Workshop stream A - the legal framework: share...Browne Jacobson LLP
This presentation covers what the difference between a share sale and an asset sale is. Key documents involved in a transaction, due diligence, how to address risks and limitation of liability.
In today’s economic environment, it’s challenging to locate investments with high yields and low risk. Equities are volatile and fraught with risk, while the usual safe investments–such as bonds and CD’s–are encumbered with persistently low interest rates.
You’ll appreciate an intimate form of money management. Gain more control over the transactions you choose to participate in and insulate from external shocks common in publicly traded companies.
Capital Allocation
As experienced advisors to private lenders, HNW investors and smaller-balanced pension funds placing capital into real estate opportunities with experienced sponsors, we have intimate understanding of the asset class and proven ability to meaningfully place capital into these assets.
Connect with us https://www.linkedin.com/showcase/fzgrealty
What You Need To Know Before Selling Your Bankruptcy Claimppphilbin
The document discusses selling bankruptcy claims and the process involved. It outlines what claims trading is, the documents required for a claims sale such as a claims agreement, and procedures under Federal Bankruptcy Rule 3001(e). Buyers can be brokers, passive investors, or active investors looking to own bankrupt company assets. Sellers should have legal counsel review documents and be aware of representations and warranties buyers may require.
The document discusses selling bankruptcy claims and the process involved. It explains what claims trading is, the documents required for a claims sale such as a claims agreement, and requirements under bankruptcy procedure 3001(e). It outlines the process for objections and provides tips to minimize risks when selling a claim.
How has depreciation changed in your years of practice? Whether you have been in practice for 5 years or 40 years, the changes in the rules on depreciation have been staggering. Let’s walk down memory lane and see just where each of us gets lost in the Depreciation Maze.
New Rental Real Estate Recordkeeping Practices For Property OwnersRea & Associates
Historically, it hasn’t been easy to determine whether a rental real estate enterprise is considered a “trade or business” for the purposes of Section 199A. So the IRS came out with Notice 2019-7 to make this determination a little clearer.
The new safe harbor rule allows individuals and entities that own rental real estate directly or through a disregarded entity to treat the rental real estate enterprise as a trade or business for purposes of claiming the Qualified Business Income (QBI) deduction as long as certain requirements are met. During this hour-long presentation, Dana Lee, CPA, a senior manager on Rea & Associates’ tax team will walk you through the requirements while providing a few tips to make your life easier along the way.
If you own rental real estate, be sure to register for this hour-long webinar to learn:
What requirements you must now meet to claim the QBI deduction.
How to ensure that your logs comply with the IRS’s “contemporaneous records” mandate.
Which rental activities are allowed to make up your annual 250 hours (minimum) worth of services related to your rental real estate enterprise and which activities no longer apply.
Additional new safe harbor provisions related to your rental real estate property to consider when filing your 2019 tax return.
This document provides information for home buyers on the home buying process. It discusses reasons for buying a home, benefits of ownership, and outlines an 8-step roadmap for purchasing a home. The roadmap includes hiring an agent, getting preapproved for a loan, shopping for homes, making an offer, negotiating, inspections, closing on the property, and post-closing tasks. It also covers types of financing, distressed properties, and the roles of different industry professionals in the process.
This document discusses the requirements for a valid real estate contract, remedies for breach of contract, the role of real estate agents and brokers, and taxation implications of real property sales. A valid contract requires legal capacity of parties, mutual agreement through offer and acceptance, consideration, a lawful purpose, and being in writing. In the event of default, the nondefaulting party can pursue money damages, liquidated damages, rescission of the contract, specific performance, or recovery of expenses. Real estate agents and brokers represent buyers or sellers through listing agreements, which can be open, exclusive, or exclusive right-to-sell.
IAS 39 establishes principles for recognizing and measuring financial assets, financial liabilities, and some contracts to buy or sell non-financial items. It aims to classify financial instruments into appropriate measurement categories and provides guidance on recognizing and derecognizing financial instruments, impairment of financial assets, and hedge accounting. IAS 39 has been replaced by IFRS 9 for annual periods beginning on or after January 1, 2013, though parts of IAS 39 remain in effect until fully replaced by future phases of IFRS 9.
Real Estate Brokerage Professional Ethics for Residential and Commercial Real...Jody O'Brien
Massachusetts Continuing Education Course – 2 Credits. Our Professional ethics is a dynamic, living code of conduct that guides our professional activities and our relationships with the public and other practitioners. Join us as we explore the laws and regulations of Massachusetts as well as NAR’s Code of Ethics as they guide us through a real estate transaction.
This document discusses two solar energy projects. Loyola Marymount University installed a 130kW solar system provided by Panasonic US on its Life Sciences Building. Clos du Val Winery in Napa Valley installed a 70kW solar system provided by Bright Power Inc. Both projects harnessed solar energy using systems from the company Sunpreme, which empowers solar energy capture from all directions.
Barranquilla es la capital del departamento de Atlántico en Colombia. Se encuentra a orillas del río Magdalena y es el principal centro económico de la región Caribe del país, con una sólida actividad industrial, comercial y portuaria. Además de ser reconocida por su carnaval y por ser cuna de importantes figuras culturales, la ciudad cuenta con una diversa gastronomía y una atmósfera vibrante aunque su cultura ciudadana se ve afectada por bajos niveles de participación comunitaria.
El documento presenta un resumen del ciclo de aprendizaje número 12 sobre la iglesia militante y el gran conflicto según el mensaje a las siete iglesias en Apocalipsis 2-3. Describe las luchas espirituales de las iglesias de Éfeso, Tiatira y Sardis contra falsos maestros y herejías. También destaca a Cristo como modelo de entrega total para las iglesias de Esmirna y Pérgamo. Finalmente, invita a la iglesia de Laodicea a buscar la claridad espiritual y transform
This document outlines additional forms that may be required for a real estate purchase agreement. It discusses forms provided to the buyer including commission agreements, estimated buyer costs, and contingency forms. It also discusses forms required by the seller such as the real estate transfer disclosure statement. The statewide buyer and seller advisory form advises both parties on inspection types, property details, hazards, and other factors to consider. It covers broker, buyer, and seller rights and duties. The CAR summary disclosure chart provides a reference guide for applicable state and federal laws for typical real estate transactions.
Kathleen Brant has over 20 years of experience in the SAP industry as both a service provider and customer. She has led teams on large SAP business transformation programs in various consulting roles. Her expertise is in procurement processes and she has experience designing and implementing procure-to-pay solutions for customers in various industries. She also specializes in project management, SAP modules like MM, SRM, and testing tools like Solution Manager and HPQC.
El documento presenta varias historias bíblicas de personas que Dios usó para enfrentar el mal a pesar de enfrentar grandes obstáculos. David derrotó a Goliat pero luego cayó en pecado con Betsabé, mostrando la vulnerabilidad humana. Elías enfrentó a los profetas de Baal en el Monte Carmelo para volver el corazón de Israel a Dios. Ezequías oró cuando Asiria amenazó a Judá y Dios salvó a su pueblo. El decreto de Hamán en el libro de Ester habría elim
NICE is a new module technology developed by Apollon Solar that uses glass-glass encapsulation without the need for soldering or adhesives. It provides reliable, high performance modules through a simpler production process. Apollon Solar has partnered with Energy Industrie in Tunisia to build a 30 MW production line. Testing shows the NICE modules experience very low degradation and passed IEC certification. Development continues on bifacial and busbar-free cell versions to further improve yields.
This document discusses behavioral targeting in advertising. It defines behavioral targeting as targeting ads to consumers based on their online behaviors that indicate relevance to a product category. It explains that behavioral targeting works by tracking and collecting user data, segmenting users based on their online behaviors, and serving them advertisements based on this data. An example is given of someone researching cars online being served an ad for a car dealership based on recognizing their search behaviors. The document also notes that behavioral targeting requires new data-based skills and discusses issues around data collection, privacy concerns, and the need for transparency. Advantages listed are helping reach interested consumers, those not exposed to other ads, and those close to making a purchase.
Animal Stem Cell Therapy Presentation by MediVet Midwestmedivetmidwest
This document summarizes a presentation on stem cell therapy using adipose-derived stem cells. It discusses what stem cells are, sources of stem cells including adipose tissue, advantages of adipose stem cells over other sources, and applications of stem cell therapy in veterinary medicine including treatment of osteoarthritis. The document also describes techniques used in adipose stem cell therapy including harvesting stem cells from fat, activating them with platelet-rich plasma and light therapy, and potential clinical uses.
Este documento presenta un resumen de la primera lección del estudio bíblico semanal. Comienza analizando la genealogía de Jesús presentada por Mateo y los antepasados humanos incluidos en ella, como Tamar, Rahab y Betsabé. Luego discute cómo esto muestra que Dios puede usar a cualquier persona, incluso las marginadas o despreciadas, para cumplir sus propósitos. Finalmente, analiza la historia de los magos que adoraron a Jesús recién nacido, contrastando su actitud abierta con la parano
Current Perspectives on Stem Cell Biology eminkansu
The document discusses current perspectives on stem cell biology and future implications. It provides an overview of different stem cell types including embryonic stem cells, adult stem cells, mesenchymal stem cells, and induced pluripotent stem cells. It also discusses stem cell properties such as self-renewal and differentiation, as well as potential applications in regenerative medicine for conditions like heart disease, diabetes, and neurodegenerative disorders.
Investing in Commercial Property (Series: Real Estate Investing 101 - 2020) Financial Poise
Before taking the plunge into commercial real estate investing, one should have a clear understanding of how to select the right location, preferred type and class of property, what due diligence to do, how to secure financing, how to negotiate a deal, and how to manage the property going forward as a commercial landlord. This Financial Poise panel explains the process from looking for the investment, to contract, to closing, and beyond.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/investing-in-commercial-property-2020/
How To Create Wealth With Real Estate Leveraging The Bank's Money.pdfRelaxMe1
In today's ever-changing financial landscape, finding lucrative avenues to generate wealth is a top priority for many individuals. Real estate has long been recognized as a reliable and potentially lucrative investment option.
Whether you're a seasoned investor or someone new to the world of real estate, understanding how to make money with this asset class can provide you with a solid foundation for financial success.
Real estate represents an important asset class that provides investors with a stable income through rents and regular distributions. As an asset class, real estate has low correlation with stocks and bonds and can help investors maintain real returns through inflation. There are various types of real estate investments including direct property investments where the investor owns physical property, listed property investments through real estate funds and trusts, and global property investments outside a home country. Real estate crowdfunding is an emerging model to invest in real estate projects, though it still lacks established moderating agencies in many markets. Commercial properties may provide better returns than residential properties due to higher potential rental yields and the incentives for business tenants to maintain improvements.
An earn-out agreement is used when selling a company where the purchase price is disputed. It allows the buyer to pay part of the price upfront and the remainder over time based on the company's performance. Key terms to negotiate include the performance metrics, payment schedule, formulas, and potential tax implications. While earn-outs can bridge valuation differences, careful drafting is needed to avoid disputes given the complex relationship between buyer and seller during the earn-out period.
Deepika Ruhil PPT 1_ Investing in_ How to Build Wealth and Financial Security...Halo Homes
Building wealth and financial security is a goal that many individuals aspire to achieve. While there are numerous investment avenues available, real estate has long been recognized as a reliable and lucrative option.
Zack knows how to run a business from experience and perseverance; and those two provide the key combination to unlocking your financial freedom, by learning through him.
Visit The following link to Know more: http://www.co-wholesaling.com/
Introduction to factoring, history, introduction to act, important features of the act, rights, obligation, responsibility, penality, shortcomings of the act.
Introduction to Investment Properties - Presentation.pdfRent Digi
Investment properties are real estate assets acquired for generating returns through rental income or capital gains. Consider factors like location, property condition, and financial planning when selecting investment properties. Securing financing is crucial for successful property investment.
This document summarizes two types of real estate financing structures - sale and leaseback and build-to-suit. Sale and leaseback involves selling an existing asset to an investor and leasing it back long-term, allowing the seller to access cash while maintaining control. Build-to-suit involves an investor funding and developing a new asset according to the occupier's specifications and then leasing it back long-term. Both structures provide upfront cash to occupiers in exchange for long-term lease payments and maintenance of operational control. The document outlines the key steps and structures for each approach.
The document discusses various topics related to real estate investing including:
1) The advantages of real estate investing such as leveraged growth, cash flow, income, and appreciation but also the disadvantages like lack of liquidity, loss of value, and management requirements.
2) Types of returns including equity rising as debt is reduced, cash flow increasing as debt decreases, and the differences between buy and sell versus buy and hold strategies.
3) Key factors to analyze when evaluating potential investment properties like rental and sales comparisons, appreciation and vacancy rates, rents, expenses, and sales costs.
4) Financial metrics used to evaluate investments such as capitalization rate, net operating income, cash-on-cash return, and comparisons
Betty Kincaid, PMN teaches you how to:
-Work with investors to increase
your business.
-Calculate a property’s rate of
return.
-Explain to your clients why they
should own investment property.
-Demonstrate the value of a real
estate investment versus stocks or
bonds.
The document discusses the history and functions of merchant banking in India. It begins by defining merchant bankers and non-bank financial institutions. It then outlines the origins of merchant banking in London and how merchant bankers helped develop underdeveloped countries and domestic business. Over time, merchant bankers formed associations and began offering more services. The functions of merchant bankers grew to include corporate counseling, project counseling, loan syndication, issue management, and underwriting. Merchant banking gained prominence in India in the 1980s during a boom in new stock issues.
Real estate investing requires understanding market dynamics, property types, and financial strategies. Key steps include analyzing local market trends, financing options, potential property characteristics and locations, making offers, managing properties, and understanding tax implications. Risks include economic downturns, legal changes, and unexpected maintenance costs. Overall, real estate investing is a means of generating passive income and building long-term wealth when approached strategically.
This document introduces real estate as an investment. It discusses the characteristics of real estate investments, including larger investment sizes and holding periods compared to stocks. It also outlines some advantages, such as cash flow, equity build up, tax benefits, and appreciation. Leverage allows investors to control large assets with less equity. Real estate also acts as an inflation hedge and allows for personal control through renovations. The document then discusses real estate as part of a diversified portfolio.
Although every deal is different, understanding any purchase/sale agreement will help you understand other purchase sale agreements. Stated another way, most M&A documents include a similar set of sections and use a similar vocabulary. This episode explains specific, common provisions and discusses how buyers and sellers approach these provisions differently, particularly in light of situational differences (e.g. whether the assets being bought and sold are equity of a company or the assets of a company; whether the seller is going to cease to exists or not). Topics covered will include tax issues; corporate governance; closing conditions; representations and warranties; indemnification provisions; earn-outs; restrictive covenants; antitrust; intellectual property; and employment issues.
Part of the webinar series:
M&A BOOT CAMP - 2022
See more at https://www.financialpoise.com/webinars/
Key Provisions in M&A Agreements (Series: M&A Boot Camp)Financial Poise
Although every deal is different, understanding any purchase/sale agreement will help you understand other purchase sale agreements. Stated another way, most M&A documents include a similar set of sections and use a similar vocabulary. This episode explains specific, common provisions and discusses how buyers and sellers approach these provisions differently, particularly in light of situational differences (e.g. whether the assets being bought and sold are equity of a company or the assets of a company; whether the seller is going to cease to exists or not). Topics covered will include tax issues; corporate governance; closing conditions; representations and warranties; indemnification provisions; earn-outs; restrictive covenants; antitrust; intellectual property; and employment issues.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/key-provisions-in-ma-agreements-2021/
Before taking the plunge into commercial real estate investing, one should have a clear understanding of how to select the right location, preferred type and class of property, what due diligence to do, how to secure financing, how to negotiate a deal, and how to manage the property going forward as a commercial landlord. This Financial Poise panel explains the process from looking for the investment, to contract, to closing, and beyond.
Part of the webinar series: REAL ESTATE INVESTING 101 - 2022
See more at https://www.financialpoise.com/webinars/
Early childhood programs are expensive to run due to high staffing costs and quality standards. Personnel expenses typically account for 49-77% of costs. Budgets plan for annual income and expenses, and come in startup and operating formats. The most common are functional budgets, which group expenses by category like administration, and line-item budgets, which list specific costs like salaries. Developing accurate budgets and monitoring cash flow are important for financial stability.
Policies and procedures manuals are important documents for early childhood programs. They address legal and ethical requirements and provide specific guidelines. Programs typically have separate manuals for staff and families. The staff manual covers job descriptions and employment terms. The family handbook explains daily operations, policies, and procedures to parents. Both manuals should include required topics like health and safety protocols. Developing clear, consistent manuals helps programs operate effectively and in accordance with regulations.
Cd 34 week one pp on objective vs. subjective statementsCyrus Helf
This PowerPoint presentation reinforces the difference between facts and opinions. It provides examples of factual statements like "Dogs have fur" versus opinion statements like "Dog fur is pretty". The activity presents 8 statements and asks the reader to determine if each one is a factual or interpretive statement. It finds that statements providing observable details like a child throwing a book or types of books in a library are factual, while statements involving feelings, preferences, or interpretations are subjective opinions. The presentation aims to help distinguish objective facts from subjective interpretations.
This document discusses key considerations for creating quality learning environments in early childhood education programs. It addresses planning indoor and outdoor spaces, ensuring safety, accommodating children with disabilities, using age-appropriate furniture and materials, including necessary activity centers, and providing adequate storage. Specific guidance is provided for designing spaces for infants/toddlers, preschoolers, and school-aged children. Outdoor play areas should include different zones and surfaces, and require close teacher supervision. The overall goal is to establish well-organized, stimulating, and developmentally supportive environments for young children.
This document appears to be a class roster that lists the names of 30 students enrolled in an Art 103 course during the spring 2017 semester. It includes the students' names and indicates that the course was offered online.
Cd 38 chapter 13 pp.ppt revised oct 2016Cyrus Helf
The document discusses ways to contribute to the early childhood education profession. It describes characteristics that define a profession, such as specialized knowledge, rigorous entry requirements, and adherence to ethical standards. Early childhood education falls between fully established professions and occupations requiring no experience. The document outlines advocacy tools like position statements and briefings used to influence policy. It emphasizes the importance of mentoring emerging professionals and welcoming research, with appropriate consent and review, to strengthen the field.
Cd 38 chapter 12 pp.ppt revised oct 2016Cyrus Helf
This document discusses strategies for early childhood programs to work with families and communities. It outlines three approaches to family engagement: parent involvement, school-family partnerships, and family engagement. Family engagement aims to create reciprocal partnerships between families and schools. The document also discusses benefits of family engagement for children, families, and programs. These include improved learning and behavior for children, enhanced self-esteem and parenting skills for families, and increased program support. Challenges to engagement including cultural and socioeconomic diversity are also addressed, along with strategies for effective communication and collaboration.
This document discusses assessment in early childhood programs. It describes the purposes of assessment as promoting children's learning and development, identifying specialized needs, and determining program effectiveness. Responsible assessment is tailored to specific purposes, collaborative, developmentally valid, and connected to program goals. Formative assessment informs teaching while authentic assessment involves identifying objectives and determining if children demonstrate competencies. Observation methods include naturalistic observations of day-to-day activities and structured observations in planned environments. Additional data comes from interviews, work samples, and standardized tests used appropriately. Records include background information, performance, referrals, and summaries.
Cd 38 chapter 10 pp.ppt revised oct 2016Cyrus Helf
The document discusses providing nutrition, health, and safety services in early childhood programs. It covers promoting good nutrition and addressing the childhood obesity epidemic. Proper nutrition is important for children's growth and development. The document also discusses creating healthy and safe environments for children, including proper handwashing, sanitation, and exclusion of sick children. Developing emergency preparedness procedures and ensuring children's mental health and safety are also covered.
The document discusses planning and developing an early childhood education curriculum. It states that curriculum should be developmentally appropriate, culturally responsive, and focus on the whole child. It provides guidance on curriculum foundations, organization, teaching strategies, technology use, facilitating social-emotional skills, and addressing current trends in early education standards. Effective curriculum supports child development through intentional planning and facilitation of learning.
Cd 38 week 1 -chapter 1-pp revised aug 2016Cyrus Helf
This document provides an overview of early childhood education programs and the role of program administration. It discusses that most parents of young children are in the workforce, leading to high rates of non-parental childcare. It states that early childhood programs will fulfill their promise when all families have access to affordable, quality care that minimizes risk factors. Common types of early education programs and childcare arrangements are described, including centers, family childcare homes, and informal care. The document outlines characteristics of structural and process quality in early education programs. It discusses factors that may prevent parents from choosing high-quality programs and describes the roles and leadership skills of early education program directors.
The ECERS-R is an observation tool used to assess the quality of preschool classrooms. It contains 43 items organized into 7 subscales: Space and Furnishings, Personal Care Routines, Language and Reasoning, Activities, Interaction, Program Structure, and Parents and Staff. Proper administration of the ECERS-R involves observing classrooms and scoring items on a scale of 1 to 7 based on research-based quality benchmarks. Training and resources are available to ensure reliable implementation of this assessment.
Cd 38 jeopardy game chapter 3.ppt revised sept 2016Cyrus Helf
This document summarizes key information about child care licensing requirements in California (Title 22), state preschool requirements (Title 5), NAEYC accreditation standards, and Head Start performance standards. It provides the required ratios of teachers to children for preschool and infants. It also outlines the steps in the NAEYC accreditation process and lists the 10 standards programs must meet. Head Start requirements such as serving children with disabilities are also summarized. The document quizzes on these different standards and requirements to help educate about early childhood programs.
Marketing is more than just advertising and includes defining the services offered, target clients, customer satisfaction, and public image. An effective marketing plan identifies the program's mission, objectives, strengths, target clients and their needs, and how services will be described. Marketing involves both internal strategies like welcoming families and gathering feedback, and external strategies such as developing promotional materials, utilizing media, and participating in community events. The goal is to accurately portray the program and deliver high quality services to attract and retain clients.
This document discusses financing and budgeting for early childhood programs. It explains that early childhood programs are expensive due to high staffing costs and quality standards. Proper budgeting is important, including determining costs per child and developing a fee structure. Budgets should include accurate projections for expenses like salaries, rent, and materials. Programs should seek multiple funding sources such as government grants and foundations to support their work.
The document discusses key considerations for creating quality learning environments in early childhood education programs. It addresses the importance of properly planning indoor and outdoor spaces to meet regulatory requirements and the developmental needs of children while ensuring safety. Specific guidance is provided on room arrangements, furniture, equipment, activity centers, and playground design tailored for different age groups from infants to school-age. Maintaining well-organized storage, selecting colors and flooring appropriately, and incorporating energy efficient features are also emphasized.
Cd 38 chapter 5 pp.ppt revised sept 2016Cyrus Helf
The document discusses the importance of staff in determining early childhood program quality. It outlines that the best programs have highly qualified employees with low turnover. It then discusses some challenges in recruiting and retaining quality staff, such as low compensation, high job stress, inadequate training, and lack of administrative support. The role of the director is also examined, including their responsibilities in personnel leadership, management, and hiring. Effective strategies for the director include building a positive work environment through collaboration, communication, and professional development opportunities.
Cd 38 chapter 4 pp.ppt revised sept 2016Cyrus Helf
Policies and procedures are developed to address laws, regulations, standards, and ethical conduct. Programs establish policies to outline specific goals and rules, while procedures provide the steps to implement policies. Staff manuals address job descriptions and employee expectations, while family handbooks provide information about operations and rules for families. Developing consistent, accessible policies and procedures helps programs run efficiently and comply with licensing requirements.
Cd 38 chapter 3 power point revised sept 2016Cyrus Helf
This document summarizes key information from Chapter 3 of the book "Planning and Administering Early Childhood Programs" regarding regulations, accreditation criteria, and standards that early childhood programs must follow. It describes different types of regulations at the local, state, and federal level that address issues like zoning, building codes, health, safety, and staffing requirements. It also discusses state licensing requirements for child care centers and family child care homes, accreditation standards from organizations like NAEYC, quality rating systems, and various laws that protect staff and programs.
Cd 38 chapter 2 pp 2015 week 2 revised aug 2016-1Cyrus Helf
The document discusses developing a vision, mission, and program evaluation for early childhood programs. It emphasizes that a program's vision should align with its purpose and philosophy while meeting community needs. A mission statement should clearly express the program's purpose in a short, memorable statement. The document also discusses determining program goals and implementation based on the vision and philosophy, as well as evaluating programs both intuitively and through formal assessments of quality.
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
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إضغ بين إيديكم من أقوى الملازم التي صممتها
ملزمة تشريح الجهاز الهيكلي (نظري 3)
💀💀💀💀💀💀💀💀💀💀
تتميز هذهِ الملزمة بعِدة مُميزات :
1- مُترجمة ترجمة تُناسب جميع المستويات
2- تحتوي على 78 رسم توضيحي لكل كلمة موجودة بالملزمة (لكل كلمة !!!!)
#فهم_ماكو_درخ
3- دقة الكتابة والصور عالية جداً جداً جداً
4- هُنالك بعض المعلومات تم توضيحها بشكل تفصيلي جداً (تُعتبر لدى الطالب أو الطالبة بإنها معلومات مُبهمة ومع ذلك تم توضيح هذهِ المعلومات المُبهمة بشكل تفصيلي جداً
5- الملزمة تشرح نفسها ب نفسها بس تكلك تعال اقراني
6- تحتوي الملزمة في اول سلايد على خارطة تتضمن جميع تفرُعات معلومات الجهاز الهيكلي المذكورة في هذهِ الملزمة
واخيراً هذهِ الملزمة حلالٌ عليكم وإتمنى منكم إن تدعولي بالخير والصحة والعافية فقط
كل التوفيق زملائي وزميلاتي ، زميلكم محمد الذهبي 💊💊
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Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.pptHenry Hollis
The History of NZ 1870-1900.
Making of a Nation.
From the NZ Wars to Liberals,
Richard Seddon, George Grey,
Social Laboratory, New Zealand,
Confiscations, Kotahitanga, Kingitanga, Parliament, Suffrage, Repudiation, Economic Change, Agriculture, Gold Mining, Timber, Flax, Sheep, Dairying,
The chapter Lifelines of National Economy in Class 10 Geography focuses on the various modes of transportation and communication that play a vital role in the economic development of a country. These lifelines are crucial for the movement of goods, services, and people, thereby connecting different regions and promoting economic activities.
This presentation was provided by Racquel Jemison, Ph.D., Christina MacLaughlin, Ph.D., and Paulomi Majumder. Ph.D., all of the American Chemical Society, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
A Visual Guide to 1 Samuel | A Tale of Two HeartsSteve Thomason
These slides walk through the story of 1 Samuel. Samuel is the last judge of Israel. The people reject God and want a king. Saul is anointed as the first king, but he is not a good king. David, the shepherd boy is anointed and Saul is envious of him. David shows honor while Saul continues to self destruct.
Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...TechSoup
Whether you're new to SEO or looking to refine your existing strategies, this webinar will provide you with actionable insights and practical tips to elevate your nonprofit's online presence.
3. A. Objectives
Some investors may be seeking additional income
through well-chosen properties while others use it as
a tax shelter to help reduce the bite on otherwise
taxable income
The number one objective for investing in real estate
is to make money
4. B. Capacity
The investor in real estate should have the
financial ability to handle the carrying costs
of the investment
The costs of operating expenses continue
to escalate
5. C. Soundness
The investment should be sound from an economic
point of view, that is, investors ought to look beyond
projected figures
Projected figures should reflect financial reality
7. A. Tax Shelter
Investors in high income tax brackets may benefit from
“sheltering” or conserving part of their ordinary income
through wise planning, selection, and operation of an
income producing property
8. B. Other Tax Benefits
Capital gains can be largely deferred through one
of several devices:
A tax-free exchange
A deferred sale
An installment sale
9. C. Appreciation Potential
Growth through appreciation is a function of supply
and demand, economic conditions, influx of
population, inflation, and scarcity
10. D. Hedge Against Inflation
California’s real estate usually rebounds eventually
and continues to appreciate in value over the long
run
Real estate tends to keep abreast with the
fluctuations of the purchasing power of the U.S.
Dollar
During inflationary periods, the cost of everything
rises, including real estate and during recessionary
times, prices may dip
11. E. Income
“Cash flow” is the difference between the income
generated from a property and the expenses
associated with it, including taxes, mortgage
payments, and operating expenses
Many investors purchase property with the objective
of providing an annuity for themselves
12. F. Interim Use
Real property ownership offers the purchaser of a
ranch, farm, or other investment the opportunity to
use the property to make some income while
waiting for appreciation of value to take place
13. G. Stability
Many types of real estate, especially commercial and
industrial, enjoy long-term leases with top
corporations, producing a dependable, stable
investment for as long as twenty years or more
14. H. Control and Use
As a real estate professional, you can assist your
investors by helping them:
Thoroughly study the environment and economic background
By analyzing the investments for tax benefits
Hedge against inflation
Explore financing opportunities
Analyze cash flow, income and stability
15. I. Refinancing
Some clients who have investment properties with
large equities may choose to refinance their property
to take out more cash to buy another property
16. J. Amenities
Other benefits to the investor included pride of
ownership, security, status, achievement, estate
building, and the opportunity to improve profits
18. A. Sources of Financing
Miscellaneous sources of funds for
investment properties include:
Savings Banks –specialize in housing
Commercial Banks – active in the urban
mortgage market
Life Insurance Companies – invest in large
commercial projects like shopping malls, etc
20. A. Apartment Prospecting
and Marketing
• Sources of prospects for listing and buying investment
properties include many of the same as those for
residential properties
• Don’t overlook the current tenants as potential buyers
21. 1. Getting the Listing
Listing an apartment complex is like listing a house
You meet the owner, ask searching questions, come
prepared with valuation data, and create
opportunities for the sellers by showing them how
the proceeds can be reinvested, and so on
When gathering info, you’ll also need to get detailed
facts about the property, such as:
Needed repairs
Condition of units
Quality of tenants
Rent schedules
Lease terms
Vacancy factors
Evaluation of income and expenses
22. B. Investment Planning and
Counseling
To earn the respect and confidence of your clients,
you will need a thorough understanding of your
client’s total financial and family picture
A confidential file should be maintained for each of
your clients
Conferring with your client’s attorney, accountant, or
business advisor may be advisable somewhere along
the way
24. A. Property Analysis
To understand the
analysis of an income
producing property, an
Income Property
Residential Statement
can be utilized
Potential Gross Income
Vacancy Factor
Effective Gross Income
Net Operating Income
Operating Expenses
Fixed Expenses
Variable Expenses
Reserves
25. Times Gross
TIMES GROSS is simply the proposed selling price
divided by the scheduled gross income, with the
multiple used as a ballpark figure to weigh the
prospective value of the investment
26. Capitalization of Net Income
The net operating income is divided by the
selling price to determine the appropriate
capitalization rate
or
27. B. Characteristics of
the Rental Market
Income characteristics
Rent-to-Income Relationships
Current Rental Ranges
Current Vacancy Rates
Rent Control
Desirable Distribution of Units by Type and Price Class
29. Purchase Group
Syndications are based on complex legal concepts, so
advise your clients to seek advice from an attorney
A SYNDICATION is an association of two or more
people who combine their financial resources for the
purpose of achieving one or more investment
objectives
30. B. Brokerage Opportunities
Creating a real estate syndication can be
creative, challenging, and profitable for the
enterprising broker
Benefits include:
Commissions earned from selling properties
Management fees
Percentage of ownership
Resale commissions
Option to acquire one or more interests
31. C. Forms of Legal
Organization
Limited Partnership
General Partnership
Corporation
REIT
33. Small Business Opportunities
As a broker, you may wish to engage in a variety of
activities that complement your basic real estate
brokerage operation
Each activity can supplement your income as well as
provide you with additional sources of prospects
You should be aware of the value of informing all your
clients about other services offered by your company,
such as property management
36. Selling a Business
Section 10030 of the Real Estate Law defines a
BUSINESS OPPORTUNITY as a “sale or lease
of the business and goodwill of an existing
business enterprise or opportunity”
GOODWILL is defined as the expectation of
continued public patronage
37. A. Listing Agreement
In this first step, an agency relationship is
created by securing a listing on the business
38. B. Uniform Commercial Code
The UNIFORM COMMERCIAL CODE (UCC) is a
body of law adopted throughout the United States
that standardizes a number of practices commonly
found in commerce and business
Article 6 covers the subject of bulk transfers
In real estate talk, the expression “bulk transfer”
means the same thing as a business opportunity-
an extraordinary sale of more than half of a seller’s
inventory and equipment
39. Notice
Whenever a bulk
sale or transfer is
made, the
transferee must
give public notice to
the transferor’s
creditors by
recording a Notice
to Creditors of Bulk
Sale at least twelve
days before the
bulk transfer is
consummated
40. C. Security Agreement &
Financing Statement
Under Article 9 of
the UCC, a filing
system is
established as
additional protection
for creditors and for
purchasers
41. D. Sales and Use Taxes
Whenever a merchant engages in a business where
sales of personal property at retail are made, he or
she must secure a seller’s permit from the State
Board of Equalization
42. E. Bill of Sale
The BILL OF SALE serves the same function in the
transfer of personal property as the grant deed does
for real property
43. F. Assignment of Lease
The reason why most businesses sell for comparatively
less in contrast to real property is because it is only
personal property that is being purchased, a lease is
generally assumed on the building
Not all leases are assignable, make sure it is before
negotiating to buy a business
45. Valuation
You should learn how to determine the value of a
business-before you embark on your first listing
The value of goodwill is the most difficult to measure
You should visit the establishment on different days and
at various times to determine business activities
One way to try to value a business is to use a NET
MULTIPLIER, which multiplies net income by some
standardized number or multiplier
In real estate a GROSS MULTIPLIER is often used for
income-producing real estate
47. Tax Consequences
Tax implications on a sale of a business are different
from those in the sale of real property
The method of allocation of various business assets
has tax consequences to both seller and buyer
The amount paid for leasehold improvement is
deductible by the buyer
The amount paid for goodwill is not deductible by the
buyer and is a capital item to the seller
49. Alcoholic Beverage Control
• The CALIFORNIA DEPARTMENT OF ALCOHOLIC
BEVERAGE CONTROL (ABC) is charged with
administration and enforcement of the Alcoholic
Beverage Control Act, which regulates liquor licenses
51. A. Real Property Securities
Dealer
A REAL PROPERTY SECURITIES DEALER is
engaged in the secondary money market, in addition
to a host of activities that come under the definition of
real property securities
Before selling real property securities to the public,
the broker must obtain a permit from the Real Estate
Commissioner
52. B. Notary Public Services
As a notary public, you can notarize your clients’
documents, but many successful brokers rely on
assistants to take care of this detail
54. Property Management
Managing properties is a natural adjunct to your general
practice as a broker
This is usually done on the basis of a percentage of gross
rentals or for a flat fee
Specific duties and functions will be discussed in our next
chapter 13
56. Escrow
Another supporting service, which a large number of
brokers offer, is that of escrow
Remember, that only the seller and buyer may select
the escrow company they wish to use
The escrow holder is a dual agent for both the buyer
and seller
58. The SAFE Act
A MORTGAGE LOAN ORIGINATOR (MLO) is an
individual who, for compensation or gain, or in the
expectation of compensation or gain, takes a
residential mortgage loan application or offers or
negotiates terms of a residential mortgage loan
60. Probate Sales
An executor possessing a power of sale under the
terms of a will may sell directly or through one or
more brokers
Brokers wishing to work in probate sales must
publish legal notice advising that the property is to
be sold on specified terms and conditions, and that
offers from interested parties are invited
Precise procedures must take place to properly
complete a probate sale, brokers need to know and
understand them well to complete the process
63. B. Real Estate Investment
Counselor
For brokers with considerable experience and
knowledge, you can become a real estate investment
counselor
A REAL ESTATE INVESTMENT COUNSELOR is the
broker’s broker or consultant, doing for other brokers
what those brokers cannot do for themselves, until
their own knowledge and experience is of such
magnitude as to qualify them for similar status
65. General vs. Specialization
The sale of residential property accounts for about ¾
of the sales made by the typical realty office
As a brokers you may then choose to specialize in :
A defined geographical section
A certain price range
Certain types of properties
Exchanges
Appraisals
Property management
67. A. Mobile Home Dealer vs
Real Estate Broker
New manufactured homes cannot be sold by real
estate licensees
Real estate licensees are not allowed to act as agents
in the sale of mobile homes that can be used as
vehicles on the highway
68. B. Marketing
Brokers may sell manufactured home that have been
registered with the Department of Motor Vehicles for
at least one year and are larger than 8 feet in width
and 40 feet in length
Manufactured homes create greater title problems
than ordinary real estate transactions
69. Chapter Summary
• Why Invest in Real Estate?
• Objectives
• Capacity
• Soundness
• Benefits of Investing
• Tax Shelter
• Appreciation
• Hedge Against Inflation
• Income
• Interim Use
• Stability
• Control and Use
• Refinancing
• Amenities
• Financing Income Properties
• Sources of Financing
• Available Funds
• Your Role in the Investment Process
• Apartment Prospecting and Marketing
• Investment Planning and Counseling
70. Chapter Summary
• Residential Income Properties
• Property Analysis
• Analyzing the Rental Market
• Study Area Characteristics
• Characteristics of the Rental Market
• Syndication
• Purchase Group
• Brokerage Opportunities
• Forms of Legal Organization
• Small Business Opportunities
• Selling a Business
• Listing Agreement
• UCC
• Security Agreement and Financing
Statement
• Sales and Use Tax
• Assignment of Lease
• Valuation of Business Opportunities
• Tax Consequences
• Alcoholic Beverage Control Act
71. Chapter Summary
• Ancillary Activities and
Specialty Roles
• Real Property Securities Dealer
• Notary Public Services
• Property Management
Activities
• Escrow Activities
• Loan Brokerage Activities
• Probate Sales
• State of California Sales
Opportunities
• Subdivision Sales Opportunities
• Real Estate Investment Counselor
• Manufactured Housing and the
Licensee
• Mobile Home Dealer
• Marketing