Agent regulations loans - Study guides, Class notes & Summaries

Certified Pennsylvania Evaluator Exam (CPE) Questions And Answers 2023 Assessor - Correct Answer-Any person responsible for the valuation of real property for ad valorum taxation purposes Duties and Responsibilities of an Assessor - Correct Answer-Discovering, Listing, Valuing Clean & Green - Act 319 - Correct Answer-Has two values, Value in Use and Value in Exchange An Assessor is accountable to whom? - Correct Answer-Himself, taxpayers and all taxing authorities In order for an asses...

Government loans include correct answersFHA, VA, and USDA loans. _____________________ means with actual awareness, or flagrant disregard of prudent and fair business practices. correct answersIntentionally What year was the Texas Real Estate License Act(TRELA) created? correct answers1939 What year was the Texas Real Estate Commission(TREC) created? correct answers1949 How many members make up TREC? correct answers9 members TREC members serve what term limits? correct answersSix ...

What kind of retirement plan can a 75-employee for profit corporation establish? - ANSWER-Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - ANSWER-Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT - ANSWER-failure to pay all claims that are reported within 90 days after a loss occurs The settlement option that allows p...

WASHINGTON STATE BROKERS EXAM CRAM TEST #1 QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. Which of the following best describes the difference between building codes and zoning regulations? - -Building codes affect improvements on the property; zoning regulations control the use of real property A independent contractor relationship between a real estate brokerage firm and a licensee requires that the: - -brokerage and licensee must enter into a written agreement An advertisement for a ho...

Primarily involved with the disclosure of closing costs and the prevention of kickbacks, which may raise the closing costs to the consumer: - ️️RESPA (Regulation X) Enforces the RESPA regulations. HUD was the previous enforcer. - ️️Consumer Financial Protection Bureau __________ can be given in exchange for the referral of business with the exception of real estate brokerage firms that are allowed to exchange referrals between themselves. - ️️Nothing of Value A __________ may ...

MLBPA Agent Exam Study Guide Questions and Answers 100% Solved Agent Regulations - Equipment - $3,000 worth of equipment per year for each player. - Applies to all players regardless of roster status. - Within 48 hours of an agent change, must report to MLBPA total amount of equipment purchased. - Annual disclosure must be submitted to MLBPA no later than 3/1. Agent Regulations - Fee Statements Must be submitted no later than 3/1. Agent Regulations - Loans - Loans prohibited w/o pri...

NMLS 2024 Exam Questions with Correct A What law deals with credit, APR & advertising of consumer loans? - Answer- TILA/REGULATION Z Which regulation prohibits kickbacks? - Answer-RESPA Which regulations requires the lender to cancel PMI when the loan reaches 78% LTV? - Answer-HPA - Homeowners Protection Act Which regulation prohibits fee splitting? - Answer-RESPA Regulation X is the letter used to describe which Law? - Answer-RESPA RESPA is the acronym used to describe which law...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...

Virginia Final Exam Questions with Correct Answers 2024 A void contract is one that is A. not in writing. B. voidable by only one of the parties. C. rescindable by agreement. D. not legally enforceable. - answerD. not legally enforceable. In order to be enforceable, real estate contracts must meet the legal requirements for contracts in general. For example, a contract signed by a minor or a "seller" who doesn't own the property in question was never legal to begin with and is thus ...

NMLS SAFE TEST REVIEW 2025/2026 SOLVED 100% CORRECT. When ordering an appraisal, it is illegal to- Correct Answer -Request that the appraiser return a minimum or specific value. Mortgage professionals are permitted to communicate their own or the borrower's opinion when ordering an appraisal; however, requesting a specific or minimum value is considered improper influence of an appraiser and is a serious ethical and legal violation. Borrower credit is- Correct Answer -An amount paid by ...