easy · National Real Estate Exam math
Before a first practice session, Noel Irwin asks which statement best defines loan-to-value ratio.
Which definition should the learner use?
- It is only an internal brokerage label with no legal, financing, valuation, or transaction effect.
- It means this approach is correct: A learner divides property value by the loan amount.
- It means a party’s preferred result controls even when the definition’s required facts are absent.
- LTV compares the loan amount with the property value or price base used by the lender.
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