Exam (elaborations)
Azure Tide Section 14 Exam Questions and Complete Solutions Graded A+
- Course
- Institution
Azure Tide Section 14 Exam Questions and Complete Solutions Graded A+
[Show more]
Content preview
Azure Tide Section 14Exam Questions and
Complete Solutions
Graded A+
Usually, whichever party is to sign a particular closing document pays the fee for document preparation.
- Answer: True
Security deposits held by seller are entered as a credit to the seller and a debit to the buyer. - Answer:
False
The statutory method means that you always use 30 days to calculate a monthly proration and 365 days
to calculate a years proration. - Answer: False, 30 days to calculate monthly proration and 360 days to
calculate a years proration
Interest on an assumable mortgage is paid ahead, so seller gets a credit from the buyer at closing. -
Answer: False
Intangible tax is paid on every dollar of both new mortgages and assumed mortgages at $.002. - Answer:
False, paid on new mortgages only not assumed mortgages
The Closing Disclosure is the financial summary of the deal. - Answer: True
The broker commission is usually paid by the seller or whoever employed the broker unless otherwise
negotiated beforehand on the contract. - Answer: True
Even though the lender's title insurance is required by the buyer's lender, it may be paid by the seller at
closing. - Answer: True
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
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!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
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.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82977 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now