Blanket lien - Study guides, Class notes & Summaries

Which of these is a licensing requirement for an Illinois broker's license?* a. Licensed at least two out of the preceding three years as a real estate broker or salesperson b. Successfully complete 75 hours of instruction at an approved real estate school c. Successfully complete 30 hours of situational activities and case studies at an approved real estate school d. Successfully complete a four-year course of study in college b. Successfully complete 75 hours of instruction at an approved...

Timeshare Test #3 100% Correctly Solved "Unit" as used in NRS 119A means: a. A lot of any size b. The total timeshare unit c. That portion of a project which is designated for separate use d. A tract of land consisting of 15 acres or more - Correct Answer ️️ -That portion of a project which is designated for separate use A timeshare resort having both whole unit owners and timeshare interest owners is referred to as: a. vacation destination resort b. tenancy in severalty resort ...

What type of listing is typically a verbal agreement? Answer> An Open Listing Implied Agency Answer> Relationship was never discussed but actions of one or more of the parties "implied" a relationship exists. What two agreements are considered personal services agreements? Answer> Listing agreement and Buyer agreement When both the buyer and the seller are represented by the same brokerage firm is called: Answer> Dual Agency Who typically manages the MLS? Answer> Lo...

CFA Level 1 Exam - Corporate Issuers Test || With Questions & 100% Correct Solutions CFA Level 1 Exam - Corporate Issuers Test || With Questions & 100% Correct Solutions stakeholder management - ANSWER - management of company relations with stakeholders and is based on having a good understanding of stakeholder interests and maintaining effective communication with stakeholders legal infrastructure - ANSWER - identifies the laws relevant to and the legal recourse of stakeholders when thei...

Fundamentals of Mortgage Brokerage Exam With Complete Solutions AACI - answerAccredited Appraiser Canadian Institute - designation granted by Appraisal Institute of Canada Accelerated Payments - answerpayment options stream whereby the monthly mortgage payment is either split in half or in quarters and is paid every two weeks (bi-weekly) or every week (weekly) Accredited Mortgage Professional - AMP - answernational designation for mortgage professionals in Canada issued by the Canadian A...

Texas Salesperson Real Estate Exam (National) Latest 2023 Graded A Real Property Land and Improvements and the Right to Use Them Fixture Personal property that has been attached. "Installed" or "Annexation" Trade Fixtures Required to run a business. They may be removed from the property prior to the termination of the lease. (Doctors, Dentists, Chef, Barber) Non-homogeneity Land: No two pieces are exactly alike. Immobility Land: Cannot be moved Indestructibility Land: "Durability" - i...

A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) : Non-Conforming Loan VA : Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity : Cash price minus the loan balance A clause often found in a blanket loan allowing the borrower to obtain partial releases of specific lots by making required lump sum payments. : Release Clause One percent of a loan that is a loan processing fee : Origination Point 2 ...

Blanket Loan - ANSWER-Several pieces of property secured by a single loan (several lots on one note) Package Loan - ANSWER-A loan secured by real property plus personal property Down Payment Assistance Programs - ANSWER-Government and private programs whose stated purpose is to help buyers to become homeowners Subordination Clause - ANSWER-a clause allowing a lender to move to or take a lower lien position Mortgage - ANSWER-Lender under a mortgage Non-Judicial Foreclosure - ANSWER...

Fundamentals of Mortgage Brokerage Exam With Complete Solutions AACI - answerAccredited Appraiser Canadian Institute - designation granted by Appraisal Institute of Canada Accelerated Payments - answerpayment options stream whereby the monthly mortgage payment is either split in half or in quarters and is paid every two weeks (bi-weekly) or every week (weekly) Accredited Mortgage Professional - AMP - answernational designation for mortgage professionals in Canada issued by the Canadian A...

WASHINGTON STATE MANAGING BROKER EXAM QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. At what point has listing agent earned a commission? - -When a ready, willing, and able buyer is found. If the seller backs out after accepting the offer, even if the buyer agrees to a rescission, the commission is still due. At closing, a sale doesn't go through because the seller's anticipated transfer to another city gets suddenly postponed, and the seller no longer wants to sell. Does the seller owe...