Deed in lieu - Study guides, Class notes & Summaries

Deed in lieu of foreclosure - ANSWERSYin Lee is an owner of several properties as well as a relatively high profile individual. In order for Yin Lee to attempt to avoid a possible foreclosure from becoming a matter of public record by being recorded, Yin Lee would want to give the lender a: A real estate license - ANSWERSIf a contractor intends to sell 10 properties in a calendar year, he/she will need Desire and means - ANSWERSDemand for property requires what two factors of the populace ...

Land value plus current construction costs minus depreciation : Cost Approach He can refuse to rent to the tenant because of the history of violence. : A landlord discovered that a potential tenant who applied for a unit has a history of alcoholism and violence. What should the landlord do? A person has AIDS : Under FHA, It is illegal to discriminate if A judgement against a borrower if the foreclosure sale does not bring enough to pay the balance owed : Deficiency Judgment Is used w...

Who does a salesperson represent? A. Client B. Customer C. Employing Broker D. Co-operating Broker - Answer-Employing broker when must licensee report criminal conviction - Answer-10 days licensed mortgage loan originators are registered through - Answer-Nation Wide Mortgage Licensing System a clause in real estate transactions allows adjustments of payments up or down - Answer-escalation clause escrow company may disperse commissions directly to salesperson if - Answer-escrow agent ge...

Bermuda Real Estate and Licensing Exam with Complete Solution Latest 2024/2025. Defect/Cloud in the title - Ans Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - Ans Has no specific expiration but the length is specified (like a month to month lease) Net Lease - Ans lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession - Ans A ...

ASREB PracTEST 100% Correct Solved Who does a salesperson represent? A. Client B. Customer C. Employing Broker D. Co-operating Broker - Correct Answer ️️ -Employing broker when must licensee report criminal conviction - Correct Answer ️️ -10 days licensed mortgage loan originators are registered through - Correct Answer ️️ -Nation Wide Mortgage Licensing System a clause in real estate transactions allows adjustments of payments up or down - Correct Answer ️️ -escalation...

The owner of 50 acres of land with 500 feet of frontage on a desirable recreational lake wishes to subdivide the parcel into salable lots. She wants to retain control over the lake frontage while allowing lot owners to have access to the lake. What type of access rights should she give prospective lot purchasers? - ️️An appurtenant easement A couple has signed over their property to First Federal Bank eliminating all liens they had. They were part of a - ️️Deed in lieu of foreclosur...

Which of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings - C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building only. B. the land only. C. both the land and the building. D. income obtained from the bui...

Arkansas Real Estate Exam Questions and Answers 100% Pass Homeowner Dean owns the Northwestern 1/2 of the Northwestern 1/2 of the Northeastern 1/4 of the southwestern 1/4 of the south western 1/4 of section 31. how many acres is that property? A. 5 acres B. 10 acres C. 80 acres D. 2.5 acres - Correct Answer ️️ -2 x 2 x 4 x 4 x 4= 256 640/256= 2.5 D. 2.5 acres Seller Gareth is certain there are no clouds on his property's title. What type of deed should he provide buyers to show ...

Washington State Real Estate Broker Exam Questions & Answers(SCORED A+)Washington State Real Estate Broker Exam Questions & Answers(SCORED A+)Deed in lieu of foreclosure - ANSWERSYin Lee is an owner of several properties as well as a relatively high profile individual. In order for Yin Lee to attempt to avoid a possible foreclosure from becoming a matter of public record by being recorded, Yin Lee would want to give the lender a: A real estate license - ANSWERSIf a contractor intends to sell ...

When a deed in lieu of foreclosure is given to a lender, which of the following is true? - Time and cost are less B buys land from W using a deed of trust as security for the carryback. B makes all the payments except the final three and is now in default. W does nothing and decides not to foreclose until later. By doing this W is exercising his right of: - Forbearance A commercial building is sold in a foreclosure for $100,000 less than the balance due the lender. Which of the followi...