Case Study 1: Kelloggs Stakeholders
1. What is a stakeholder? (five points)
Stakeholders are individuals, groups, and organizations that are interested in having a say in the
decision a company makes and the
1 / 1 pts
Informal institutions are based on the rules and legal systems of an economy
1 / 1 pts
Ethnocentrism is the quality of a society that perceives its own culture, ethics, and norms as natural, rational, a
BTE 117 Personal Finance: Online Spring 2016, Hamilton and Middletown
COURSE MASTER SCHEDULE-LATE START
(Note: Additional Comments Are Noted at the End of this Schedule)
(year = 2016)
Mon Feb 8
12:01 AM thru
Sun Feb 14
Regulation of Residential Construction
International Code Council (ICC) rules to ensure both comfort and safety for
homeowners; these standards became forerunners of present municipal building codes
Federal Housing Administration (FHA) and Depar
Which type of construction is generally preferred in residential construction? Why?
Who (originally) established building codes in the U.S.?
Who enforces building codes in the U.S. today?
Describe the difference between blueprints (plans) and sp
Elements of a valid contract:
Offer and acceptance
Statute of Frauds: to be enforceable must be in writing
Discharge a Contract:
Release by one pa
December 8, 2010
The Case Against Homeownership
In the current economy, homeownership has let us down. It is believed that
houses owned by the people who lived in them created social and financial stability.
They were more-involved
December 1, 2010
Private Mortgage Insurance
After reading this article on The Money Alert website, I have a much better
understanding of the advantages and disadvantages of private mortgage insurance, or
PMI. Private mortgage insura
November 17, 2010
Fannie and Freddie Face Uncertain Future
This article in The New York Times discusses the different viewpoints on the
future of both Fannie Mae and Freddie Mac. Since the Republicans recent takeover of
the House, t
November 10, 2010
Fed to Spend $600 Billion to Speed Up Recovery
The Federal Reserve is trying to push the economy into recovery with a bold but
risky plan to pump $600 billion into banking system. This action is the second time in
November 3, 2010
Wall Street and Mortgages
In The New York Times article How Wall Street Hid Its Mortgage Mess, William
D. Cohan discusses our economic meltdown and how Wall Street continued to hide and
cheat mortgages. He explains
Essentials of Real Estate Finance, 12th Edition
by David Sirota and Doris Barrell
The American economy is most strongly affected by which of the following industries?
When Homestead Savings
October 20, 2010
The period for which a lease will run for each tenant is considered the term of the
lease. The starting and ending dates of the contract, or lease, are clearly stated from the
beginning. The leases
BTE 231 Final Exam Study Guide
1.) Mortgagee vs. Mortgagor
2.) Mortgage: a voluntary lien against real estate
3.) Rights of a Mortgagor
Title Theory: mortgagor gives legal title to the mortgagee and retains
1.) What is real estate?
2.) What terminates a contract?
3.) What happened within months that caused housing boom?
4.) Credit comes from what Latin word?
5.) Supply factors affecting real estate market? (4)
6.) Fixture or personal property? hot water heat
A contract is a legally enforceable promise or set of promises that mst be performed; if a
breach occurs, the law provides a remedy.
Contracts may be classified in different ways:
- According to whether the parties intentions are express or mer
Liens are claims of creditors or taxing authorities against the real and personal property
of a debtor.
A lien is a type of encumbrance.
Liens are either general, covering all real and personal property of a debtor-owner, or
Sole ownership, or ownership in severalty, means that title is held by one natural person
or legal entity.
Under co-ownership, title can be held concurrently by more than one person in several
Under tenancy in common, each party holds sepa
Chapter 7: Listing Agreements and Buyer Representation
Listing agreement: an employment contract and agency agreement rather than a
real estate contract
o Contract for personal professional services of broker, not for transfer of
Chapter 4: Real Estate Brokerage
Brokerage: the business of bringing the parties together
o Mortgage brokers- match lenders with buyers
o Stockbrokers- bring together investors and corporations
Real estate broker: a person licensed to buy, sell, excha
Chapter 3: Concepts of Home Ownership
Types of Housing:
- Apartment complexes: groups of apartment buildings with any number of units in
- Condominiums: popular form of residential ownership, especially if you want to
own the property but no
Chapter 2: Real Property and the Law
Land: the earths surface extending downward to the center of the earth and
upward to infinity, including permanent natural objects such as trees and water
o Not only means surface of earth, but also the underlying so
Chapter 1: Introduction to the Real Estate Business
Consumers of real estate services: buyers and sellers of homes, tenants and
landlords, investors, and developers.
- Every real estate professional must have basic knowledge of: appraisal, property