Which of the following duties is not a permitted activity for an unlicensed personal assistant?

a. Negotiate agreements regarding commission structuring.
b. Secure documents that are public information from the courthouse and other sources available to the public.
c. Have keys made for company listings.
d. Write advertisements and promotional materials with the approval of the licensee and supervising broker.

Answers

Answer 1

Negotiate agreement regarding commission structuring is not a permitted activity for an unlicensed personal assistant.

An unlicensed personal assistant would be permitted to host an open house while the licensed associate is showing another listing and try to negotiate an offer complete contract forms after the licensed associate has captured the important things like price and closing date show a property to a potential buyer when the licensed associate is busy and negotiate price and terms for their offer.

Unlicensed assistants cannot do licensed activities, such as negotiating, providing advise or signing contracts.Thus, option (a) is correct.

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Related Questions

what factors determine how difficult it is for a manufacturer to persuade retailers to purchase its products?

Answers

The difficulty a producer has in persuading retailers to buy its products depends on how vertically integrated the channel is or how the channel is structured.

What is the product?

The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.

The degree of vertical integration of the channel, which is one component of channel structure, determines the level of difficulty a producer faces in obtaining retailers to buy its products.

Therefore, The difficulty a producer has in persuading retailers to buy its products depends on how vertically

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Which of these is not part of the marketing concept?

Multiple Choice
Providing customer satisfaction
Matching competitors' offering
It relies on the integrated effort of numerous departments, not just marketing
That corporate goals can be achieved through customer satisfaction

Answers

From the following, the one which is not a part of the marketing concept is that, it relies on the integrated effort of numerous departments, not just marketing.

Marketing is considered to be the process of getting the right goods or services or ideas to the right people at the right place, time, and also the right price. This can be done  using the right promotion techniques and utilizing the appropriate people to provide such customer service.

It is seen that the most successful organizations are said to have adopted the marketing concept. Thus, this marketing concept is based on the right principle. The marketing concept is oriented toward customers satisfaction by offering value, and does not rely on integrated effort of numerous departments.

Hence, option C is correct.

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a high value for the times interest earned ratio means that a company is a lower risk borrower.
a. true
b. false

Answers

A corporation is a lesser risk borrower if the times interest earned ratio is high is False

Explain about the High risk borrower?

when the applicant has a high likelihood of defaulting due to a low credit score, poor credit history, or both. A high-risk borrower is likely to have few, if any, other loan options, according to the lender.

Your payment processor has determined that your business has a higher risk of chargebacks or fraud and has assigned you a high-risk merchant account. High-risk merchant accounts incur higher processing fees to cover the risk the payment processor assumes.

You have a lower chance of being authorized the more risk you present to a lender. High-risk loan categories could include: Securing loans: These loans call for the holding of an asset as collateral, like your house or vehicle.

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You are 18 years old single, and still live at home.
What type of life insurance policy should you purchase?

Answers

Answer: none of the above

Explanation: i took the test

Responses

term life insurance

variable life insurance

universal life insurance

none of the above

none of the above

Answer:

i one person plan

Explanation:

What is the requirement to form contract ?

Answers

The requirement to form a valid contract are -

1. Acceptance: Your Offer Is Accepted

Acceptance entails exactly what it sounds like: the recipient of the offer accepts its terms. Acceptance must be willingly given. In other words, because he is under duress, a person who signs a contract while a pistol is pointed directly at him is not legally permitted to accept the offer. This is an extreme case, but there are times when one side is subjected to threats or blackmail in order to prevent him from signing the contract. These are not enforceable in court. The acceptance of the offer must be mutually binding and based solely on the parties' mutual agreement to the conditions of the contract.

2. Consideration: Who Is Paying What.

Consideration is the amount one party will "pay" for the contract to be fulfilled. When defining consideration in a contract, the term "payment" is ambiguous because what a party receives for signing the agreement isn't always monetary. Therefore, even if a real estate contract may specify that the property would be transferred for $1 million in consideration, a renter may be provided with housing in exchange for making improvements to the property while they are residing there .In the end, consideration is regarded as something valuable, and typically, it takes the form of money. However, you would still be accorded consideration if you offered to the company to share your skills and expertise.

3. Our intention is for this agreement to be enforceable in court.

This prerequisite for a contract concerns the goals of each side. Friends and relatives frequently make informal agreements, but they never intend for them to be legally enforceable, meaning that they do not want one person to be able to sue the other if the other does not follow through on their commitments. Due to the lack of a legal intent, this kind of agreement is not a genuine contract. The contract's provisions must also abide by the rules and laws of the state where the agreement was made.

4. Competence: Parties Must Be Experienced

The contract must be signed by and entered into by competent parties. This indicates that the signer is of legal age, has the mental capacity to understand the contract, and is not otherwise incapacitated at the time of signing—that is, not intoxicated or under the influence of drugs or alcohol. Although "capable parties" are a prerequisite for any legal contract, they are closely examined in agreements involving elderly or disabled people. Dementia patients may not be mentally capable of signing a contract transferring ownership of their property to another party.

5. Legal things

A contract can only be considered valid under the Contract Act if it has a legal consideration and a legal purpose. According to the Contract Act, the reasons and purposes listed below are unlawful.

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Should the U.K., France, and the U.S. have concentrated their relief efforts along historical colonial lines during the Ebola outbreak? In general, do the U.S. and other imperialist nations have particular ethical responsibilities to aid their former colonies? Explain your reasoning.​

Answers

Even though I believe that it was a great gesture for the ways that the nations of U.K., France, and the U.S. have concentrated their relief efforts along historical colonial lines, I do not believe that they should have.

Yes The US and other imperialist nations have particular ethical responsibilities to aid their former colonies.

What is imperialism?

Imperialism is the state's strategy, practice, or advocacy for expanding power and domination, particularly through direct territorial conquest or by seizing control of neighboring regions' politics and economies, frequently through the use of both hard power and soft power.

For instance, when King George III stationed British troops in the colonies to uphold ever-stricter economic and political constraints imposed on the colonists during the 16th and 17th centuries, colonialism in America gave way to imperialism.

The Latin word imperium is where the word "imperialism" originates. Its meaning is "to order." Imperialism is the practice of expanding a nation's influence into foreign lands or dominating the politics or economy of another nation.

These countries typically provide specific assistance and efforts to the countries that they controlled.

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if a life policy allow the policy owner to makes periodic additions to the face amount at standard rates without proving insurability, the policy includes a

Answers

If a life policy allows the policy owner to make periodic additions to the face amount at standard rates, without providing insurability, the policy includes a: Guaranteed insurability rider.

What is the Guaranteed insurability rider?

The guaranteed insurability rider can be described as the policy hat gives room for the  policy owner to purchase specific amounts of additional insurance at specific dates or events,

It should be noted that in this policy , the amount that is been needed can be provided depending on the condition.

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On December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudoun uses the allowance method. On February 15, Year 2, one of Loudoun's customers failed to pay his $1,050 account and the account was written off. On April 4, Year 2, this customer paid Loudoun the $1,050. Which of the following correctly states the effect of the adjusting entry, dated December 31, Year 1, on the elements of the financial statements of the Loudoun Corporation? Balance Sheet Income Statement Statement of Cash Flows Asset = Liabilities + Stockholders’ Equity Revenue − Expenses = Net Income A. (3,375) 3,375 NA NA NA NA NA B. (3,375) NA (3,375) NA 3,375 (3,375) NA C. 3,375 NA 3,375 NA (3,375) 3,375 3,375 OA D. NA NA NA NA NA NA NA Multiple Choice Option A Option B Option C Option D

Answers

The effect of the adjusting entry, dated December 31, Year 1, on the elements of the financial statements of the Loudoun Corporation is B. (3,375) NA (3,375) NA 3,375 (3,375) NA.

How the adjusting entry for uncollectible allowance affects the financial statements:

                Balance Sheet                         Income                    Statement of

                                                                Statement                  Cash Flows

      Asset = Liabilities + Equity         Revenue − Expenses

                                                                = Net Income

B. (3,375 ) =  NA          + (3,375 )       NA − 3,375 = (3,375 )          NA

The reason for the above illustration of the effect of the adjusting entry for the uncollectible allowance is that its decreases assets by increasing the allowance for uncollectible (which is a negative asset account).

The uncollectible allowance will also decrease the net income and equity but does not affect the statement of cash flows, which deals with only cash inflows and outflows from operating, financing, and investing activities.

Credit Sales = $112,500

Estimated allowance for uncollectible = 3%

= $3,375 ($112,500 x 3%)

December 31, Year 1: Bad Debts Expense $3,375 Allowance for Uncollectible $3,375

February 15, Year 2: Allowance for Uncollectible $1,050 Accounts Receivable $1,050

April 4, Year 2: Cash $1,050 Accounts Receivable $1,050

Accounts Receivable $1,050 Allowance for Uncollectible $1,050

Thus, when the adjusting entry is recorded on December 31, Year 1, its effect is illustrated by Option B.

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You have observed that the average size of a particular goldfish is 1.5 inches long. The standard deviation of the size of the goldfish is 0.25 inches. What is the size of a goldfish such that 95 percent of the goldfish are smaller? Assume a normal distribution for the size of goldfish.

Answers

You have observed that the average size of a particular goldfish is 1.5 inches long. The size of a goldfish such that 95 percent of the goldfish are smaller is 1.25 inches

What is the size of a goldfish?

Now let us say that the length of a certain goldfish is denoted by the letter X.

It is said that the mean size is 1.5 inches, and the standard variation of the size is 0.25 inches. Also stated is that the mean size is 1.5 inches.

Take it for granted that X follows a normal distribution.

Calculate the size of a goldfish in such a way that only 16% of goldfish are less than the calculated size by using the following formula:

P (X < x) = 0.16

⇒ P (Z < z) = 0.16

The z-value that corresponds to such a probability is as follows:

[tex]\begin{aligned}&z=\frac{x-\mu}{\sigma} \\&-0.99=\frac{x-1.5}{0.25} \\&x=1.5-(0.99 \times 0.25) \\&x=1.2525 \\&x \approx 1.25\end{aligned}[/tex]

Therefore, 16 percent of the goldfish measure less than 1.25 inches in length.

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Acuity Insurance's motivational programs primarily support which area of the Rocket Model?

Answers

Insurance can fulfil your desire for fulfilling employment and motivational participation by pursuing a career in insurance. Defense of fellow citizens was the inspiration behind the creation of the insurance industry.

For Insurance, insurance can pay for the costs of repairing a home after a fire, providing assistance for grieving family members, or helping motivational employees who have been wounded at work. Most agents quit because they can't generate enough revenue to sustain themselves and their families. The only way to fix that is to learn how to create more, better leads and follow up on them. People go on online fact-finding missions. I work hard because I want to succeed.

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TC= Q2 + 120 Q + 400. The level of output where average cost is minimized for Hilltop Corp. is

Answers

The level of output where average cost is minimized for Hilltop Corp. is 20

How to solve for the output level

Average cost is  the production cost calculated as the product of the total cost (TC) and the total output (Q), or, mathematically, AC = TC/Q.

We have the total cost function as

TC= Q² + 120 Q + 400.

Average cost AC = TC / Q

= [tex]\frac{Q^2 + 120 Q + 400}{Q}[/tex]

dAC/dQ = 1 + 0 - 400 / Q² = 0

we would have 400 = Q²

Take the square root of the two sides

√400 = Q

20 = Q

Hence the level of output for Hilltop corp is given as 20

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Over the past year, Ionia’s money supply increased by $5 billion, $6 billion in bonds were sold to the public, an unused military base was sold for $1 billion, and the government spent $20 billion.
1. determine the amount of Ionia’s budget deficit or surplus
2. determine the amount of Ionia’s tax revenue for the year

Answers

According to the available data, Ionia experienced a budget deficit The $9 billion budget surplus or deficit for Ionia. Ionia received $11 billion in tax income last year.

What was Lonia 's Budget ?  

1. According to the information provided, Ionia had a budget deficit since spending exceeded income.

2. The surplus or deficit in Ionia's budget

Budget surplus or deficit = $1 billion +$3 billion + $5 billion

$9 billion, whether in deficit or excess.

3. Tax collection

$20 billion in tax revenue - ($1 billion, $3 billion, and $5 billion)

Tax revenue = $20 billion- $9 billion,

$11 billion in tax revenue

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a. What is the meaning of office procedure?​

Answers

Answer:

Meaning of Office Procedure

Office procedure is a set of rules or policies guiding the operations of an office. Office procedures set the standard for how staff work together in the office.

Explanation:

Answer:

Office procedure is the set of rules regarding the operations in an office.

Need on this please

Answers

Answer:

Explanation:

America has an absolute advantage in selling everything, a comparative advantage in selling mobile phones, a comparative advantage in selling tablets in Brazil

so we choose D

27. In logistics, how long it takes to assemble a car is known as a. lead time b. cycle time c. order time d. delivery time ​

Answers

In logistics, how long it takes to assemble a car is known as a lead time.

A lead time in logistics tend to refer to the time which it takes from when a purchase order is created for a supplierwhich is until the goods are delivered from that supplier to the customer, so, this can be an individual or  maybe a store.

Here, coping with this concept is pivotal in order to organize all the different processes throughout your supply chain. Thus, the material lead time is an amount of time between which a company tend to become aware of a need for raw materials and when the materials are said to be physically obtained.

Hence, option A is correct.

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why Nike is a competitor to Decathlon? and i need a website for this ìnormation

Answers

Based on the available information, Nike is a competitor to Decathlon because both brands are manufacturers of sports wears.

Similarities between Nike and Decathlon

From the business activities of Nike and Decathlon, it has been revealed that both brands major in the production of Sportswear.

The sportswear produced by Nike and Decathlon includes but is not limited to the following:

BootsSnowboardsFootballBasketballWinter JacketsHelmets, etc.

These two brands are considered competitors because they both have the same consumers to patronize their products.

Also, since both brands are in the same line of business, they are considered to be in the same industry.

Hence, in this case, it is concluded that the correct answer is that both brands are manufacturers of sports wears.

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Eugene Torres works in a shared role for Multiglass Computers. He works in both the programming and the research departments for the company and splits his time equally in both roles. Eugene is paid $12 per hour in the programming department and $16 per hour in the research department. When he works overtime in the research department, what is his pay rate? Multiple Choice $18.00 per hour $36.00 per hour $32.00 per hour $24.00 per hour

Answers

In the research section, hourly pay is $24. Thus, if he puts in more time at the research department.

How to calculate overtime pay =

Hourly rate of pay x 1.5

= $16 X 1.5 equals

= $24 per hour.

The amount of additional time owed to each employee during a pay period is what is known as overtime compensation.

The research division compiles and analyses consumer and target market data. The work of the creative department and account management is supported by this data. The selection and placement of advertisements in print and broadcast media is a specialty of media planners.

It is frequently both efficient and successful for a firm to seek the services of independent marketing facilitators because marketing functions need a great deal of experience. These are businesses and consultants whose sole or main duty is to handle marketing-related tasks.

All or a portion of these tasks are internal in many larger businesses. However, most businesses only need occasional or part-time assistance from marketing facilitators, thus this is neither required nor justifiable.

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Western Electric has 25,500 shares of common stock outstanding at a price per share of $66 and a rate of return of 13.65 percent. The firm has 6,650 shares of 6.50 percent preferred stock outstanding at a price of $88.50 per share. The preferred stock has a par value of $100. The outstanding debt has a total face value of $365,000 and currently sells for 104.5 percent of face. The yield to maturity on the debt is 7.69 percent. What is the firm's weighted average cost of capital if the tax rate is 21 percent?

Multiple Choice

10.15%
10.38%
11.39%
11.16%

Answers

The firm's weighted average cost of capital if the tax rate is 21 percent is: D. 11.16%

How to find Weighted average cost of capital (WACC)

Common stock:

Common stock = 25,500 × $66

Common stock = $1,683,000

Preferred stock:

Preferred stock = 6,650 × $88.50

Preferred stock  = $588,525

Debt:

Debt = 104.5% ×  $365,000

Debt = $381,425

Total market value =  $1,683,000 + $588,525 + $381,425

Total market value  = $2,652,950

WACC = ($1,683,000 /$2,652,950)(.1365) + ($588,525 /$2,652,950 )(6.5/88.50) + ( $381,425/$2,652,950 )(.0769)(1 -.21)

WACC = ($1,683,000 /$2,652,950)(.1365) + ($588,525 /$2,652,950 )(0.07344633) + ( $381,425/$2,652,950 )(.0769)(.79)

WACC =0.0865939803+0.0162931836 +0.0087344

WACC= 0.1116 ×100

WACC=11.16%

Therefore the correct option is D.

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Pro-forma FY+1 EPS for Amazon Inc. is expected to be: Review Later $45.71 $36.77 $50.00 $130.33

Answers

Option B. The Pro-forma FY+1 EPS for Amazon Inc. is expected to be 36.77 based on the calculation.

How to solve for the Pro-forma FY+1 EPS

The normalized net earnings = $23688

normalized net earnings of snap = -581

proforma adjustment = - 3134

Total proforma earning = 19973

Next we have to solve for the cost of acquisition

shares of snap * price of snap * (1 + premium)

= 1734 * 44.29 (1 + 20%)

cost of acquisition = $92158.63

Next is the cost financed by equity

= $92158.63 * 80 percent

= 73726.91 dollars

Next is to solve for the new price of the equity issue

= 3099.4 * (1 - 50%)

= 2944.43 dollars

Next is the number of new shares 73726.91 dollars / 2944.43

= 25.04

Total share after acquisition

shares outstanding + new shares

= 518 + 25.04

= 543.04

The EPS would be the next to solve for

this is gotten by the formula

total proforma / number of shares

= 19973 /  543.04

= 36.78

Hence the Pro-forma FY+1 EPS is going to be: $36.77

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complete question: check attachment

A plan presenting financial forecasts for the business​

Answers

A plan presenting financial forecasts for the business profit and loss statement, cash flow statement, balance sheet, cash flow forecast, and budget for expenses should all be included in the financial component of your business plan.

A financial forecast outlines the measures that must be taken in order to earn future income and pay for future expenses, whereas a financial forecast is an estimation or projection of expected future income or revenue and expenses. A financial plan can also be thought of as what a person or business intends to do with income or revenue acquired.

A financial plan is a road map created now that can be followed over time, whereas a financial forecast is a projection or estimate of future outcomes predicted today. Both processes aim financial activity toward the future.

For a corporation to succeed, financial forecasting is essential. A business must have a realistic estimate of the amount of revenue it expects to generate over a specific period of time in order to manage working capital and cash flow successfully.

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a _____ attempts to gain access to a system for malicious purposes without the owner's consent.

Answers

Answer:

A black hat hacker

Answer: Black hat hacker

Explanation:

Quantum computing can assist with data analytics by
a) offering more imaginative solutions to problems
b) solving problems that do not involve variables
Oc anticipating human behavior
O d)
solving problems on a large scale with multiple variables

Answers

Quantum computing can assist with data analytics by solving problems on a large scale with multiple variables. [OPTION D]

what is quantum computing?It is a field of computer science that uses the principles of quantum theory. Quantum theory describes the behavior of energy and matter at the atomic and subatomic levels. Quantum computing uses subatomic particles such as electrons and photons.A type of computation that can be used to manipulate quantum mechanical phenomena such as superposition, interference, and entanglement. A device that performs quantum computation is called a quantum computer.This research field focuses on the development of computational techniques centered on the principles of quantum theory. this theory describes the properties and behavior of energy and matter at the quantum level (atomic and subatomic).

thus,  solving problems on a large scale with multiple variables. [OPTION D]  is the correct answer.

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You need to revise your budget to meet your short-term
goal of buying a new computer. You will need to budget
$50 a month.
How will you revise your budget to meet this goal?

Answers

I could increase my discretionary spending to $365, which would allow me to spend $50 per month on my computer.

 I could also reduce other expenses to compensate for the change. For example, I could replace my entertainment budget with a computer budget.

Make sure to include the following :

creating a new budget item of $50 for a computer

reducing one or more areas by $50 to account for the new budget item

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Answer:

Sample Response -

I could increase my discretionary spending to $365, which would allow me to spend $50 per month on my computer.

I could also reduce other expenses to compensate for the change. For example, I could replace my entertainment budget with a computer budget.

Explanation:

Edge 2023


EXERCISE: Conduct online research about entrepreneurs. What did you discover about these individuals?
Some links to get you started:

Answers

Entrepreneurs are those persons who start their own businesses with their own money or capital by taking all financial risks.

Who is an entrepreneur?entrepreneurs are those persons who initiate their own businesses from scratch.A person who organizes and operates one or more companies, thereby taking an above-average financial risk.The one who starts a new business takes most of the risks and enjoys the most rewards. The process of starting a business is known as entrepreneurship. Those are generally seen as innovators, sources of new ideas, products, services, and businesses/processes.

qualities of entrepreneurs are as follows:

innovativepassionatedecision-makerrisk takerdisciplinedsharp memorydynamic vision foresightflexibilitysmartcommunication skills sharp mind

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A responsibility center is best described as?

a. any part of an organization that has responsibility for optimizing customer service and satisfaction
b. any financial sub-unit within an organization that has the responsibility to account for the performance of other organizational sub units.
c. any part of an organization whose manager has control over and is accountable for cost profit or investments
d. any part of an organization that has responsibility for managing product and service quality

Answers

Answer: C. Any part an organization whose manager has control over and is accountable for cost profit or investments.

Explanation: A responsibility center is an operational unit or entity within an organization, that is responsible for all the activities and tasks structured for that unit. These centers have their own goal, staffs, objectives, policies and procedures, and financial reports. And are used to balance responsibilities related to expenses incurred, revenue generated, and funds invested to an individual.

In a multinational or large corporation, the organization tasks are divided into a subtask, and each task is given to various small division or groups. In this context, all groups in that organization are responsibility centers.

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Which major promotion category uses catalogs, telephone marketing, kiosks, and the Internet?

A) sales promotion
B) direct marketing
C) horizontal diversification
D) public relations

Answers

Direct marketing helps businesses cut

costs. Media for direct marketing include

face-to-face sales, direct mail, catalogue

marketing, telemarketing, TV, and kiosks.

Delivering individualized and frequently

interactive promotional materials to specific consumers through channels like mail, catalogues, the Internet, e-mail, telephone, and direct-response advertising is known as direct marketing.

Direct marketing is a style of advertising that involves communicating with your target market directly to offer information about your business, product, or service.Some examples of direct marketing techniques include telephone marketing,emails, online ads, flyers,database marketing, promotional letters,newspapers,and outdoor advertising.

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what is escalation clause?

Answers

Explanation:

 is a contract provision that allows for an automatic increase in the agreed-upon wages or prices if certain conditions change while the contract is in effect.

An adjustment to a labor contract may be triggered by an increase in the inflation rate. An adjustment to a business-to-business contract may be triggered by an increase in expenses necessary to fulfill the agreement. A landlord may demand an escalation clause in a long-term rental agreement to cover any tax increases or a substantial change in market conditions.

Which of the following is an example of time series data

Answers

The following is an example of time series data b.amount of labor employed yearly in a specific factory from 1990 through 2010.


The required details about time series data is mentioned in below paragraph.


A time series data is a group of observations of well-described statistics objects acquired via repeated measurements over time. For example, measuring the fee of retail income every month of the year might contain a time collection. time series data is statistics this is recorded over regular periods of time. Cross-sectional statistics includes numerous variables recorded on the identical time. Pooled statistics is a mixture of each time collection statistics and cross-sectional statistics.A time series data is a collection of observations on a unmarried entity over time — e.g. the every day ultimate fees over 12 months for a unmarried monetary security, or a unmarried affected person's coronary heart charge measured each minute over a one-hour procedure.

(COMPLETE QUESTION)

Which of the following is an example of a time-series data set?

a.            amount of labor employed in each factory in the U.S. in 2010.

b.            amount of labor employed yearly in a specific factory from 1990    through 2010.

c.             average amount of labor employed at specific times of the day at a specific factory in 2010.

d.            All of the above are time-series data

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store-level goals such as increasing store traffic, managing inventory, and managing employees are called _______.

Answers

Answer:

Tactical Goals

Explanation:

Can you use a home equity loan for whatever you want?

Answers

One of the major benefits of a HELOC is its flexibility. Like a home equity loan, a HELOC can be used for anything you want.

A HELOC is a line of credit taken up using the equity in your home as collateral.

How is home equity calculated for a HELOC?You must have at least 20% equity in your house to be eligible for a Home Equity Line of Credit (HELOC). Subtract the amount owing on the home's mortgage loans from the home's current appraised value to determine the equity in the property.A crucial component of that is an appraisal. A lender will probably demand an appraisal to determine the value of your home because HELOCs and home equity loans are secured by your home. An appraisal ensures that you don't borrow more than your home is worth, protecting both the lender and the borrower.Start by multiplying the current market value of your home by 80% to get an idea of how much equity you have. Subtract your mortgage balance next. The balance is how much you can borrow from a HELOC, as long.

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