The Airsota Real Estate Agent in California
Question
A lender agrees to make a loan on a large commercial complex provided the borrower gives the lender a 2% interest in the ownership. This type of loan would be known as a:
Selections
A. Package loan
B. Participation loan
C. Open-end loan
D. Take-out loan
(more…)Question
Which of the following is not a requisite for creation of an undeclared leasehold agreement?
Selections
A. Amount of rental payments
B. That rent payments be made in advance
C. Length of time the lease will continue
D. Description of the property
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