REAL ESTATE FINANCE FINAL EXAM WITH CORRECT QUESTIONS WITH CORRECTRY ANALYZED ANSWERS (ACTUAL EXAM) ALREADY GRADED A+ LATEST 2024 Deposit Receipt - ANSWERS -A good faith deposit that when accepted becomes a binding contract of sale. liquidated damages - ANSWERS -a sum certain, normally 3% if buyer breaches or reasonable or fair market value in most residential sales The federal reserve is empowered to - ANSWERS -Set, oversee and contraol an estates that remains for the life of the estate is the - ANSWERS -life estate personal property that is often included with real estate is called - ANSWERS -chattel a fuidciary relationship is - ANSWERS -a personal with a relationship of finanical trust, a special agency reglationship the first bank was - ANSWERS -the bank of the united states The federal reserve system overseend by - ANSWERS -Board of Governors The highest form of possessory interest - ANSWERS -Fee simple estate legal power to print money is - ANSWERS -power of currency prime rate - ANSWERS -given to best csutomers impact fees - ANSWERS -regulation levied on new housing projects A grant deed implies - ANSWERS -an implied warranty on a promissory note the borrower is the - ANSWERS -maker or payor or obligor who is the owner of the deed of trust? - ANSWERS -Trustor in california what is the most often form of deed - ANSWE RS-
Trustee sale Regulzation B made it illegal to - ANSWERS -discriminate by intent practice or by effect Regultion Z - ANSWERS -disclure, recession or of the three which is a govenrmental agency - ANSWERS -GNMA
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