Your videos are very informative!!! Can you please make a video about tax proration and rent proration. I’m still having trouble understanding wether it’s the seller’s credit or the buyers! I would really appreciate it. Thank you.
Here are 3 videos that may interest you! How to Prorate Rent - th-cam.com/video/E8z8P1HA9nE/w-d-xo.html How to prorate Taxes (360/30 day) - th-cam.com/video/IslRvH7vunU/w-d-xo.html How to prorate taxes (365 day) - th-cam.com/video/xbFcwU7knjo/w-d-xo.html
I absolutely love the content..I watch your videos over and over. They are very helpful although it can be a bit confusing when you give details on facts irrelevant to everyone, I'm studying for the MD exam..not Nebraska. LOL
Thank you.... All videos under the Principles & Practice or Exam Prep Playlist are not specific to anyone one state but to the national exam. The irrelevent stuff is for context. :o) Thanks for leaving a comment. Best of luck on the MD Exam! You will crush it!
@@TheRealEstateClassroom I chose the answer that seems logical to me, which probably was wrong, request a discount on purchase price to correct the deficiency
Radon comes predominantly from rocky ledge- Granite - Arizona is a desert Nebraska is a plain reason they get better tests- IF in soil it would not discriminate to mountains locations - east coast is mountainous with houses built on literal rock ledges they get the worst radon tests- New Hampshire (the granite State) it’s real bad
In the scenario; The seller did not provide the buyer the property disclosure forms, and insist in sell without it just as is. The buyer conducted a home inspection and a latent asbestos defect were found. Alternatives given were to request a discount to the seller to correct defect, another was to buy the property as is. Buyer be responsible for correct the deficIency. Cancel purchase. Your expertise and knowledge on this situation. Thanks in advance!
This varies state by state BUT property disclosures are mandated by law. So, offering a home for sale "as-is" does not relieve a seller from providing the disclosure. Certainly, if issues are disclovered the buyer and seller may negotiate an alternative purchase price and let the buyer resolve the issue but most lenders won't allow that. A buyer's ability to cancel the contract also varies from state to state and in accordance with what type of contingencies are in the purchase offer.
@@TheRealEstateClassroom there is no disclosure for Asbeatos mold or radon only leadits the buyers responsibility to test or inspect asbestos mold or radon- it’s on mandatory disclosure so answer is buyer responsible for deficiency
I had a question that went soMething like this, what is a lot with hazardous material/waste. The answers I remember they was ( not in order but) A. Greenish B. Brownish C. Blackish D. Greyish Idk if I ask the question right but the answer I remember well. So with that information can you tell what this was even about. I looked my National book all over and can’t find it??? I hope someone knows. Thanks for all the help. I needed 4 points to pass so hopefully I will pass next time.
I got a question on the exam regarding which one is most harmful to children…. I believe the answer is lead poisoning. Other options were radon, asbestos, and EMFs
Related Video: "Environmental Laws" - th-cam.com/video/ugmu7ZvF0yE/w-d-xo.html
Lead-Based Paint Disclosure (seller/buyer) - @MyAs
Lead-Based Paint Disclosure (Landlord/Tenant) - @E7_s
I am so grateful for these videos!!!!! Very helpful. Straight to the point. Thank you!
Thank you, we are glad these videos are helpful. Best of luck with your studies! :o)
You are blessings to new person... your explanation are amazing
Thank you
Your are such a great teacher, I have learn a lot from you!
Hi Karen... thank so much for your kind comments. I am glad the videos are helping with your studies. Keep on studying! :o)
Your videos are very informative!!! Can you please make a video about tax proration and rent proration. I’m still having trouble understanding wether it’s the seller’s credit or the buyers! I would really appreciate it. Thank you.
Here are 3 videos that may interest you!
How to Prorate Rent - th-cam.com/video/E8z8P1HA9nE/w-d-xo.html
How to prorate Taxes (360/30 day) - th-cam.com/video/IslRvH7vunU/w-d-xo.html
How to prorate taxes (365 day) - th-cam.com/video/xbFcwU7knjo/w-d-xo.html
@@TheRealEstateClassroom thank you
what a great video! Thank you so much for this great information. I take my test in Fresno on the 25th of this month.
Thank you... you will crush the exam :o)
I absolutely love the content..I watch your videos over and over. They are very helpful although it can be a bit confusing when you give details on facts irrelevant to everyone, I'm studying for the MD exam..not Nebraska. LOL
Thank you.... All videos under the Principles & Practice or Exam Prep Playlist are not specific to anyone one state but to the national exam. The irrelevent stuff is for context. :o) Thanks for leaving a comment. Best of luck on the MD Exam! You will crush it!
I believe the radon standard for remediation is 4 pCi/L, not 0.4 pCi/L.
Hi Sondrita... you are correct. I'll go back to the video and see where I made the mistake... Thank you for bringing it to my attention!
Paul: During the test last week a question that came on was in regard of a property that was listed for sale As Is. The owner did not gave to buyer
Hi Carlos... can you remember anymore of the question including any potential answer?
@@TheRealEstateClassroom I chose the answer that seems logical to me, which probably was wrong, request a discount on purchase price to correct the deficiency
Radon out of all the issues is the easiest to remove
True
Does Nebraska require asbestos testing?
Nope... no testing requirement....
Radon comes predominantly from rocky ledge- Granite - Arizona is a desert Nebraska is a plain reason they get better tests- IF in soil it would not discriminate to mountains locations - east coast is mountainous with houses built on literal rock ledges they get the worst radon tests- New Hampshire (the granite State) it’s real bad
Radon is no joke!
In the scenario;
The seller did not provide the buyer the property disclosure forms, and insist in sell without it just as is. The buyer conducted a home inspection and a latent asbestos defect were found. Alternatives given were to request a discount to the seller to correct defect, another was to buy the property as is. Buyer be responsible for correct the deficIency. Cancel purchase. Your expertise and knowledge on this situation. Thanks in advance!
This varies state by state BUT property disclosures are mandated by law. So, offering a home for sale "as-is" does not relieve a seller from providing the disclosure. Certainly, if issues are disclovered the buyer and seller may negotiate an alternative purchase price and let the buyer resolve the issue but most lenders won't allow that. A buyer's ability to cancel the contract also varies from state to state and in accordance with what type of contingencies are in the purchase offer.
@@TheRealEstateClassroom there is no disclosure for Asbeatos mold or radon only leadits the buyers responsibility to test or inspect asbestos mold or radon- it’s on mandatory disclosure so answer is buyer responsible for deficiency
@@TheRealEstateClassroom after any inspection buyer can cancel offer to purchase
I had a question that went soMething like this, what is a lot with hazardous material/waste. The answers I remember they was ( not in order but)
A. Greenish
B. Brownish
C. Blackish
D. Greyish
Idk if I ask the question right but the answer I remember well. So with that information can you tell what this was even about. I looked my National book all over and can’t find it??? I hope someone knows. Thanks for all the help. I needed 4 points to pass so hopefully I will pass next time.
A
Research brownfield act-
I got a question on the exam regarding which one is most harmful to children…. I believe the answer is lead poisoning. Other options were radon, asbestos, and EMFs
I got that question too on the exam and still don't know the answer.
Most definately lead poisoning
Most definately lead poisoning
@@TheRealEstateClassroom Thank you
@@nerikadevonna3599 You're welcome... keep studying :o)
Power lines also look like shit around the house
Indeed they do!!!!!!!!