Default of contract and types of damages - correct answer -In the event of default by the buyer, the seller may have several options, which include: -Liquidated damages. The seller can choose to accept the buyer's earnest money as liquidated damages, releasing all parties from any further obligatio...
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The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - correct answer B A(n) __________________ contract is defined as a contract that is bindi...
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Add to cartThe elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - correct answer B A(n) __________________ contract is defined as a contract that is bindi...
Most common reason a property fails to sell is - correct answer price Matching human needs with goods or services to meet those needs is the process of - correct answer marketing _____________________ is a key personality trait of a successful agent - correct answer problem solving 3 Ways S...
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Add to cartMost common reason a property fails to sell is - correct answer price Matching human needs with goods or services to meet those needs is the process of - correct answer marketing _____________________ is a key personality trait of a successful agent - correct answer problem solving 3 Ways S...
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Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Packag...
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Add to cartLoan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Packag...
What does D.U.S.T. stand for? - correct answer Demand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - correct answer Loan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its c...
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Add to cartWhat does D.U.S.T. stand for? - correct answer Demand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - correct answer Loan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its c...
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