ACEABLE AGENT EXAM BUNDLE(COMPLETE PACKAGE) Questions With Complete Solutions!

Amortization - ANSWERSThe repayment of a loan principle over time Arrears - ANSWERSPayment for an item or service after it's received Down Payment - ANSWERSThe initial payment made when buying something on credit, a ____________ is paid directly by the buyer to the seller Proration - ANSWE...

What is investment gain? - ANSWERSan increase in property value due to active and purposeful developments or improvements Ben has recently purchased a policy for title insurance. Two weeks after making his purchase, it is revealed that there were unknown liens attached to the title. What is TRUE ...

Appraisal - ANSWERSthe value of a property, based on factor determined by the opinion of a certified appraiser General Data - ANSWERSinformation about the area surrounding a property; this could include the city, region, and neighborhood in which the property is situated Specific Data - ANSWER...

REO - ANSWERSWhat term describes a property that is owned by a lender because a third-party buyer couldn't be found at a foreclosure auction? Real Estate Mortgage Investment Conduit (REMIC) - ANSWERSA type of SPV that holds commercial and residential mortgages in trust, assembles said mortgages ...

REO - ANSWERSWhat term describes a property that is owned by a lender because a third-party buyer couldn't be found at a foreclosure auction? Real Estate Mortgage Investment Conduit (REMIC) - ANSWERSA type of SPV that holds commercial and residential mortgages in trust, assembles said mortgages ...

During the transaction process the buyer of a property is changed with knowledge of all the documents that are recorded in the public record as well as the responsibility to: - ANSWERSdetermine the marketability of seller's title to the property Sales comparison approach does NOT utilize: - ANSW...

Primary Mortgage Market - ANSWERSthe arena in which borrowers and lenders meet up for the purposes of negotiating loan terms of mortgage transaction Secondary Mortgage Market - ANSWERSthe marketplace where home loans and their servicing rights are bought and sold between lending institutions (tha...

What is investment gain? - ANSWERSan increase in property value due to active and purposeful developments or improvements Ben has recently purchased a policy for title insurance. Two weeks after making his purchase, it is revealed that there were unknown liens attached to the title. What is TRUE ...

A REMIC holds commercial and residential mortgages in trust, assembles the mortgages into pools based on risk, and issues bonds (securities) on these pools to sell to investors in the: - ANSWERS- secondary mortgage market Which of the following is NOT a role of the Federal Reserve System? - ANSWE...

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Principles of Real Estate II Final Exam Questions with Complete Solutions Principles of Real Estate II Final Exam Questions with Complete Solutions Principles of Real Estate II Final Exam Questions with Complete Solutions Principles of Real Estate II Final Exam Questions with Complete Solut...

commercial property - ANSWERSA real estate specialty. Commercial property includes: Office buildings, Retail Stores, gas stations Industrial property - ANSWERSIncludes commercial property used for: manufacturing, storage, distribution centers, research, warehousing Home inspector - ANSWERSA pr...

The borrower pays the lender interest in exchange what? - ANSWERSPrincipal With an amortizing loan, mortgage payments are paid how? - ANSWERSMortgage payments are structured to gradually pay off both the principal balance and the interest over the life of the loan. These payments are typically ma...

The Real Estate Law is found in A. The Licensing Code B. The Business and Professions Code C. The Health and Safety Code D. The Corporations Code - ANSWERSB. Business and Professions Code The Real Estate Commissioner reports to a. the California Bureau of Real Estate. b. the governor. c...