Package deal
Bundle for Compucram Exams Compilation | Verified | Guaranteed Success
Bundle for Compucram Exams Compilation | Verified | Guaranteed Success
[Show more]Bundle for Compucram Exams Compilation | Verified | Guaranteed Success
[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...
Preview 2 out of 6 pages
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. ...
Preview 2 out of 6 pages
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...
Preview 2 out of 8 pages
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...
Preview 2 out of 13 pages
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 ...
Preview 1 out of 3 pages
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...
Preview 2 out of 13 pages
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...
Preview 3 out of 26 pages
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 ...
Preview 2 out of 11 pages
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...
Preview 3 out of 18 pages
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...
Preview 2 out of 8 pages
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...
Preview 4 out of 39 pages
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...
Preview 3 out of 25 pages
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...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller Preach. Stuvia facilitates payment to the seller.
No, you only buy these notes for $40.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
67163 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now