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Motivation is the arousal of enthusiasm and persistence to pursue a certain course of action.

Stephanie is nervous about giving a presentation at the marketing firm where she works. One of her male coworkers told her, “Don’t be such a girl, attack that presentation!”  What did Stephanie’s coworker use in his comment to Stephanie?

A food manufacturer hires people based on their technical qualifications, has a classical hierarchy of authority, and ensures all administrative acts are recorded in writing. What style of management does it practice? 

The set of key values, beliefs, understandings, and norms that are shared by members of an organization are combined to create the symbols of an organization.

In ascertaining whether a borrower has the ability to pay off his loan over time, a mortgage bank may rely on calculating a total debt ratio as part of its underwriting process. Utilizing the following information, calculate the total debt ratio.   Monthly principal and interest on mortgage loan: $635 Monthly Tax and insurance payments into escrow: $125 Monthly Car lease payment (lease term is 3 years): $350 Gross monthly income: $2,500

Under the law of agency, a real estate broker is given the right to act on behalf of another individual or entity who is trying to buy or sell a property. The individual or entity that grants authority to the broker to act on their behalf is more commonly referred to as the:

Assumptions for ALGO APARTMENTS Number of apartments: 15 Rent per unit (per month): $1,300 Vacancy and Collection Loss: 10% Operating Expense Ratio:  35% Capital Expenditures: 10% of effective gross income (ABOVE THE LINE) Acquisition Price: $3,250,000 3% Annual Rent Growth Rate 8% Terminal Capitalization Rate 3% Sales Cost 15% Hurdle Rate (Discount Rate)-Unleveraged and Leveraged 3 year hold period   LOAN TERMS 20 year Amortization Period with Monthly Payments 10 year Maturity 5% Annual Interest Rate 70% LTV   What is the Effective Gross Income Multiplier for ALGO Apartments (Year 1)?  (Round to the nearest 100th, i.e. 0.00)

Mortgage originators can either hold loans in their portfolios or sell them to investors. When a mortgage originator decides to sell mortgages to another institution, this transaction occurs in what is commonly referred to as the:

Traditional home mortgage underwriting is said to rest on three elements, the “three C’s.” The housing expense ratio is one tool that lenders will use to address concerns associated with which of the “three C’s?”

Assumptions for ALGO APARTMENTS Number of apartments: 15 Rent per unit (per month): $1,300 Vacancy and Collection Loss: 10% Operating Expense Ratio:  35% Capital Expenditures: 10% of effective gross income (ABOVE THE LINE) Acquisition Price: $3,250,000 3% Annual Rent Growth Rate 8% Terminal Capitalization Rate 3% Sales Cost 15% Hurdle Rate (Discount Rate)-Unleveraged and Leveraged 3 year hold period   LOAN TERMS 20 year Amortization Period with Monthly Payments 10 year Maturity 5% Annual Interest Rate 70% LTV   Assuming a loan origination fee of 2 discount points, what is the Lender’s Yield for ALGO Apartments? (Do not take into account early repayment of remaining mortgage balance).  Round to the nearest hundredth of a percent (i.e. 0.00%)