ASREB PracTEST 100% Correct Solved
Who does a salesperson represent?
A. Client
B. Customer
C. Employing Broker
D. Co-operating Broker - Correct Answer ️️ -Employing broker
when must licensee report criminal conviction - Correct Answer ️️ -10 days
licensed mortgage loan originators ar...
ASREB PracTEST 100% Correct Solved Who does a salesperson represent? A. Client B. Customer C. Employing Broker D. Co -operating Broker - Correct Answer ✔️✔️-Employing broker when must licensee report criminal conviction - Correct Answer ✔️✔️-10 days license d mortgage loan originators are registered through - Correct Answer ✔️✔️-Nation Wide Mortgage Licensing System a clause in real estate transactions allows adjustments of payments up or down - Correct Answer ✔️✔️-escalation clause escrow company may dispers e commissions directly to salesperson if - Correct Answer ✔️✔️-escrow agent gets written permissions for each transaction who can receive referral fee for out of state referrals - Correct Answer ✔️✔️-licensed agents (NO unlicensed people! i.e. ( anyone who makes referral is WRONG) If the trust account is interest -bearing, then the interest must be cleared - Correct Answer ✔️✔️-once annually property damaged due to fire, tenant can terminate lease with - Correct Answer ✔️✔️-14 day written notice broker is re quired by law to reconcile trust account - Correct Answer ✔️✔️-at least once a month application for variance would most likely show as - Correct Answer ✔️✔️-spot zoning Buyer wants to know his cash on cash return. What is he most interested in? - Correct Answer ✔️✔️-price paid non- disturbance clause most benefits - Correct Answer ✔️✔️-lesee "crack in the earth opening from aquifers - Correct Answer ✔️✔️-groundwater overdraft buyer buys parcel of land, what happens with mineral rights - Correct Answer ✔️✔️-
transfer with buyer When the county assessor evaluates real estate for the purpose of taxation, this is called: - Correct Answer ✔️✔️-assessed value what is the max amount fi xer/ flipper may make without using a licensed contractor - Correct Answer ✔️✔️-$1000 when people will pay more for a property but there is no objective reason to do so, this is most likely due to: - Correct Answer ✔️✔️-amenities If a HOA has additional ex penses, how would they be handled? - Correct Answer ✔️✔️-
Each owner will pay pro rata share Deed in Lieu of Foreclosure - Correct Answer ✔️✔️-A deed given by the mortgagor to the mortgagee when the mortgagor is in default under the terms of the mortgage. T his is a way for the mortgagor to avoid foreclosure.can be denied by lender. $90,000 loan, payable 1500/ month at 6% per annum what is interest on 4th month a. 427.50
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