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CompuCram Questions and answers graded A+ 2023 updated which of the following deeds is most preferred by the seller? - correct answer quitclaim deed The legal description of a property based upon points of beginnings, distances, directions and degrees is a/an: - correct answer metes and bounds de...

Compucram: Contracts question and answers rated A+ 2023Listing - correct answer A written agency contract between seller and a real estate broker, stating the broker will be paid a commission for finding (or attempting to find) a buyer for the seller's real property. implied contract - correct a...

Compucram Math question n answers 2023 updated verified to passa. 0 ; the sellers agreed to pay. Math practice: Loan amount x points ( $95k x 0.03 ) = Total amount paid in points ($2850) - correct answer A real estate agent has written an offer in which Luke, the buyer, asked the sellers to pay hi...

CompuCram Tests questions correctly answered rated A+ 2023Karen and David Carpenter are a team. They have one employee and four sales agents; they also enjoy flipping properties. David asks one of the sales agents to write an offer for him but to use the company name instead of his first and last na...

NMLS SAFE Test Compucram question and answers rated A+ 2023 passedA borrower who has a FICO score below 580, is required to make a minimum down payment of at least _____% for an FHA loan. - correct answer 10% What is the maximum seller concession for an FHA loan? - correct answer 6% When evalu...

CompuCram Real Estate Quiz 1 correctly answered to pass 2023 Cooperative Time Share - correct answer A buyer is considering purchasing an interest in a time share. The buyer is offered the right to buy stock in a corporation that owns the property; he will receive a lease of its units for his time s...

Compucram Practice question with complete solution rated A+ 2023The Pennsylvania Real Estate Commission may enforce its power to issue disciplinary action upon which of the following? a. An investor misrepresenting a property b. An auctioneer selling property at a bona fide auction c. An attorne...

Compucram Questions, Answers, and Rationalities fully solved rated A+ 2023In some states, the common law legal rights that a wife has in property owned by her husband during their marriage are best known as - correct answer dower What type of land use does NOT comply with the zoning restriction f...

Compucram question with 100% correct answers rated A+ 2023note - correct answer Outlines the prepayment terms, by signing the note the borrower promises to pay draws - correct answer Partial payments for progress to the builder are called draws or obligatory advances eminent domain - correct a...

Financing (CompuCram)question n answers 2023 passed Disintermediation refers to - correct answer The movement of money out of a savings account into a higher yeild investment. While both the mortgage deed and the mortgage note are signed by the borrower, the note is: - correct answer Not recorded...

CompuCram question with answers graded A+ fully solved Which of the following is true of the common area of a condominium project? - correct answer The owners association usually has liability insurance coverage for the common area When all of the terms of the agreement have been satisfied the a...

CompuCram Pre-Assessment question and answers graded A+ already passedThe client is always liable for the acts of - correct answer his/her agent. The agent may be liable to the seller for breach of duty. Revocation occurs when - correct answer the principal ends the relationship; the agent is no ...

compucram P&C question and answers rated A+ 2023 verified to passvoluntary relinquishment or abandonment of a legal right under a valid contract - correct answer waiver does not have to be present in order for a contract to be legally binding to both parties - correct answer written agreement ...

CompuCram Property Valuation & Appraisal question well answered 2023Which of the following would not be used in the cost approach? Replacement Cost Net Income Depreciation Separate Value for the land - correct answer Net Income When a rural neighborhood loses its only fire station this is c...

CompuCram question and answers graded A+ 2023 Passed What is a material fact that must be disclosed? - correct answer Water tank under the house What is the legal basis of the relationship that exists between a broker and his sales staff? - correct answer Real estate licensing statutes A tenan...

Compucram 11. Real Estate Calculations question and answers graded A+ Passed 2023Cap Rate - correct answer A percentage rate of return used by investors to calculate the present value of future income. Used for an income approach to appraisal Mill - correct answer One-tenth of one cent used in so...

Real Estate CompuCram question and answers graded A+ 2023 verifieddeposits water-borne sediment on shoreline property. Ad Valorem - correct answer A Latin phrase meaning 'according to value'; used to refer to taxes assessed on the value of property. Air Rights - correct answer The right to u...

Compucram question with correct answers 100% A borrower elects to buy down the interest rate on his mortgage loan. This appears on the Loan Estimate as a - correct answer Charge to the borrower As set forth by the FCRA, when adverse action is based on information in a consumer report from a consu...

CompuCram missed stimulated exam(question and answers)2023 verified The Commission may conduct a covert investigation: - correct answer only if expressly authorized by the Commission. Undercover or covert investigations may not be conducted unless the Commission expressly authorizes the invest...

General Principles of Agency (CompuCram)question well answered rated A+ 2023 passedThe fiduciary duty of loyalty requires that the agent - correct answer Hold the principals interest above all other interest Which of the following would terminate an agency relationship between a seller and listin...