Real Estate Principles Unit 14 multiple choice 1

A factory built home manufactured prior to June 15th, 1976 constructed on a chassis and wheels

• Mobilehome

• Pre-fabricated home

• Modular home

• Mobile estate

Home built in a factory after June 15, 1976 that conforms to Federal Manufactured Home Construction and Safety Standards

• Mobilehome

• Manufactured home

• Modular home

• Pre-fabricated home

Certification signed by the county, tax collector in mobilehomes sales

• Commissioners certificate

• Tax credit certificate

• Clearance of tax liability

• Mobile estate tax assessments certificate

Any type of business that is for lease or sale

• Business opportunity

• Due diligence

• Listing

• Turn-key operation

The expectation of the continued patronage of an existing business

• Good faith

• High growth potential

• Anticipated competitive advantage

• Goodwill

Code regulating security interests in personal property of businesses

• Uniform Commercial Code

• Real Estate Stabilization Act

• Real estate Security and Interest Mandate

• Real Estate Investments Security Act

The sale of a substantial part of the inventory of a business

• Liquidation

• Downscale

• Bulk sales

• Downsize

The document commonly used to secure a loan on personal property

• Loan approval certificate

• Note of conveyance

• Credit authorization

• Security agreement

The document used to record the debt; it is not actual evidence of the debt

• Financing statement

• Promissory note

• Financing receipt

• Lien Documentation

Tax collected as a percentage of the retail sales sales of a product, by a retailer

• State tax

• Sales tax

• Retail tax

• Federal tax