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[Show more]How many hours of annual continuing education are required by the SAFE Act for state-licensed 
mortgage loan originators? - 8hrs - The SAFE Act mandates that state-licensed mortgage 
loan originators take at least eight hours of continuing education every year. 
As of July 21, 2011, the Consumer Fin...
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Add to cartHow many hours of annual continuing education are required by the SAFE Act for state-licensed 
mortgage loan originators? - 8hrs - The SAFE Act mandates that state-licensed mortgage 
loan originators take at least eight hours of continuing education every year. 
As of July 21, 2011, the Consumer Fin...
The loan estimate and closing disclosure must be used for most _____________mortgages? - 
Closed end 
Identify the statement that is TRUE about the UST section of the SAFE MLO National Test 
component. - All applicants after April 2013 will be required to take and pass the UST 
section of the test. ...
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Add to cartThe loan estimate and closing disclosure must be used for most _____________mortgages? - 
Closed end 
Identify the statement that is TRUE about the UST section of the SAFE MLO National Test 
component. - All applicants after April 2013 will be required to take and pass the UST 
section of the test. ...
In some states, the common law legal rights that a wife has in property owned by her husband 
during their marriage are best known as - dower 
What type of land use does NOT comply with the zoning restriction for its location, but is 
permitted because it benefits the public? - conditional use 
What...
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Add to cartIn some states, the common law legal rights that a wife has in property owned by her husband 
during their marriage are best known as - dower 
What type of land use does NOT comply with the zoning restriction for its location, but is 
permitted because it benefits the public? - conditional use 
What...
The primary purpose of the FACT Act is to - protect consumers from identity theft 
What rule within the GLB Act governs the collection and disclosure of nonpublic personal 
information to third parties? - Financial Privacy Rule 
For an electronic funds transfer, a SAR must be filed when there is a t...
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Add to cartThe primary purpose of the FACT Act is to - protect consumers from identity theft 
What rule within the GLB Act governs the collection and disclosure of nonpublic personal 
information to third parties? - Financial Privacy Rule 
For an electronic funds transfer, a SAR must be filed when there is a t...
A borrower who has a FICO score below 580, is required to make a minimum down payment of 
at least _____% for an FHA loan. - 10% 
What is the maximum seller concession for an FHA loan? - 6% 
When evaluating rental income that is not reported on current tax returns, the lender will use a 
portion of ...
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Add to cartA borrower who has a FICO score below 580, is required to make a minimum down payment of 
at least _____% for an FHA loan. - 10% 
What is the maximum seller concession for an FHA loan? - 6% 
When evaluating rental income that is not reported on current tax returns, the lender will use a 
portion of ...
Which of the following would not be used in the cost approach? 
Replacement Cost 
Net Income 
Depreciation 
Separate Value for the land - Net Income 
When a rural neighborhood loses its only fire station this is called: 
Functional depreciation 
Regression and Progression 
Physical deprecation 
Econ...
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Add to cartWhich of the following would not be used in the cost approach? 
Replacement Cost 
Net Income 
Depreciation 
Separate Value for the land - Net Income 
When a rural neighborhood loses its only fire station this is called: 
Functional depreciation 
Regression and Progression 
Physical deprecation 
Econ...
The client is always liable for the acts of - his/her agent. The agent may be liable to the seller 
for breach of duty. 
Revocation occurs when - the principal ends the relationship; the agent is no longer 
authorized to act on behalf of the client. 
A lender must give a buyer a - good-faith estimat...
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Add to cartThe client is always liable for the acts of - his/her agent. The agent may be liable to the seller 
for breach of duty. 
Revocation occurs when - the principal ends the relationship; the agent is no longer 
authorized to act on behalf of the client. 
A lender must give a buyer a - good-faith estimat...
Who uses the term REALTIST? - members of the National Association of Real Estate 
Brokers 
A REALTIST is a member of the National Association of Real Estate Brokers, a group 
comprised primarily of minority brokers as a response to discrimination from membership to the 
NAR(R). The Women's council ...
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Add to cartWho uses the term REALTIST? - members of the National Association of Real Estate 
Brokers 
A REALTIST is a member of the National Association of Real Estate Brokers, a group 
comprised primarily of minority brokers as a response to discrimination from membership to the 
NAR(R). The Women's council ...
A borrower signs the note and mortgage for a refinance on his principal residence on Thursday, 
Dec. 31. What is the earliest day the funds for this loan could be disbursed (assuming no bona 
fide financial hardship)? - Wednesday, Jan. 6 
Who manages the National Do Not Call Registry? - Federal Trad...
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Add to cartA borrower signs the note and mortgage for a refinance on his principal residence on Thursday, 
Dec. 31. What is the earliest day the funds for this loan could be disbursed (assuming no bona 
fide financial hardship)? - Wednesday, Jan. 6 
Who manages the National Do Not Call Registry? - Federal Trad...
which of the following deeds is most preferred by the seller? - quitclaim deed 
The legal description of a property based upon points of beginnings, distances, directions and 
degrees is a/an: - metes and bounds description 
The taking of private property for public use is called: - condemnation 
Th...
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Add to cartwhich of the following deeds is most preferred by the seller? - quitclaim deed 
The legal description of a property based upon points of beginnings, distances, directions and 
degrees is a/an: - metes and bounds description 
The taking of private property for public use is called: - condemnation 
Th...
When selling an individual condominium unit which of the following would be appurtenant to 
the unit? - Cabinets in the unit 
Bob and Jerry take title together. Bob owns one half and Jerry owns one half of the same 
property. What form of co-ownership does the law presume? - Tenancy in common 
Owner...
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Add to cartWhen selling an individual condominium unit which of the following would be appurtenant to 
the unit? - Cabinets in the unit 
Bob and Jerry take title together. Bob owns one half and Jerry owns one half of the same 
property. What form of co-ownership does the law presume? - Tenancy in common 
Owner...
The inspection of the electrical system should begin with which of the following locations on the 
property? - Exterior... All parts of the home inspection start on the exterior. 
A professional inspector delivers a home inspection report written in paragraph form based on 
his observations and opin...
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Add to cartThe inspection of the electrical system should begin with which of the following locations on the 
property? - Exterior... All parts of the home inspection start on the exterior. 
A professional inspector delivers a home inspection report written in paragraph form based on 
his observations and opin...
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