Write a4 to6 page paper (not including title page or reference page) in APA Format.

Your paper must be written in 12 Point Arial or Times New Roman font. In your paper you must address the following questions:

1. Compare and contrast the differences in listing and selling residential properties and specialized properties.

2. Discuss how a new agent locates new Real Estate listings. Who and whatdo you consider? Where is best to look?

3. How does a new agent properly prepare for a listing appointment?

4. Discuss potential difficult situations as a new Real Estate Agent and how to avoid or handle these situations.

Question #3 Setup:

3. You’re trying to obtain financing for a Restaurant you’re purchasing. The lender has agreed to originate a loan which carries a 7.00% interest rate, a 30-year amortization, and calls for annual (not monthly) payments. Your lender hasn’t mentioned their constraints regarding Debt Service Coverage Ratio, Loan-to-Value, or Loan-to-Cost.

The net operating income for the property is $1.9 million per year.

3(a). What is the Loan Constant for this proposed loan? Round four digits to the right of the decimal (i.e $0.1234). Show the Excel formula you used.

Note: You may want to take 30 seconds to view this tutorial on working with decimal places in Excel:

3(b). What Debt Service Coverage Ratio are you implicitly offering the lender for your proposed $15.4 million loan? Show your work.

3(c). Your lender informs you that they’re willing to accept a Debt Service Coverage Ratio as low as 1.40 (but no lower). Under this constraint what is the maximum loan size? Show your work

Question #3 Setup:

3. You’re trying to obtain financing for a Restaurant you’re purchasing. The lender has agreed to originate a loan which carries a 7.00% interest rate, a 30-year amortization, and calls for annual (not monthly) payments. Your lender hasn’t mentioned their constraints regarding Debt Service Coverage Ratio, Loan-to-Value, or Loan-to-Cost.

The net operating income for the property is $1.9 million per year.

3(a). What is the Loan Constant for this proposed loan? Round four digits to the right of the decimal (i.e $0.1234). Show the Excel formula you used.

Note: You may want to take 30 seconds to view this tutorial on working with decimal places in Excel:

3(b). What Debt Service Coverage Ratio are you implicitly offering the lender for your proposed $15.4 million loan? Show your work.

3(c). Your lender informs you that they’re willing to accept a Debt Service Coverage Ratio as low as 1.40 (but no lower). Under this constraint what is the maximum loan size? Show your work