Escrow statement - Study guides, Class notes & Summaries

Lead Inspector/Risk Assessor | ALL QUESTIONS AND ANSWERS 2023 GRADED A+!! Permanent abatement options include... - Paint removal, component removal, enclosure, encapsulation Lead Inspector - A certified individual who conducts a surface-by-surface investigation to determine the presence of lead-based paint. Lead-based paint - 1 mg/cm2 5000micrograms/g = 5000ppm .5% by weight What is lead based paint? - any surface coating containing at least 1 miligram per square centimeter of lead...

Real Estate Principles 2 Questions and Answers 100% Pass What is the primary purpose of an appraisal in real estate? To determine the market value of a property. What is a key factor that affects property value? Location of the property. What is the difference between a lien and a mortgage? A lien is a legal claim on a property for the payment of a debt, while a mortgage is a specific type of lien used to secure a loan for purchasing property. What is an easement in real es...

California Notary 2024 Exam; All Latest 350 Questions With Verified Answers/ 100% Answered Correct What Are The Situations Where A Notary Public Would Have A Direct Financial Or Beneficial Interest? [Correct Ans: - If Named As A Principal To A Financial Transaction Or Named As Any Of The Parties To A Real Property Transaction. In What Situations Would A Notary Public Not Have A Direct Financial Or Beneficial Interest? [Correct Ans: - If Acting As An Agent, Employee, Insurer, Attorney, Esc...

CO REAL ESTATE CONTRACTS & REGULATIONS EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ Real Estate Recovery Funds - -This is a fund maintained specifically for reimbursing members of the public who have been injured by a licensee's actions or omissions in a real estate transaction, and who have no other recourse against the licensee. A recovery fund is usually funded with a portion of the license application and renewal fees collected by the state's real estate licensing agency Transact...

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content Exam Questions With Verified Answers What does UST stand for? - answerUniform State Test Who does the CFPB protect? - answerThe Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - answerCFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are shopping for,...

Real Estate: Practice Questions and Answers 100% Pass A broker obtained an offer with a deposit from a buyer on June 10, 2008, which states that the offer was irrevocable for five days from date. There had been no acceptance by the next day when the buyer called and revoked his offer. The broker should: get an acceptance by June 15th. get an acceptance by June 16th. return the deposit to the buyer. place the deposit in escrow. return the deposit to the buyer. Informing a person th...

NC Post License 303 Selected Topics Questions and Answers 100% Pass What is the purpose of a rental application? To gather information about a prospective tenant’s background, including credit history and rental history What does the term “property tax lien” refer to? A legal claim against a property for unpaid property taxes What should a real estate agent do if they suspect fraud in a transaction? Report the suspicion to the appropriate authorities and follow legal and e...

What action should the seller take when an offer is rejected? Make a formal counter offer. Complete a contract rider. Complete an addendum. Note the rejection on the offer. Note the rejection on the offer. Which of the following requires a written contract? The purchase of a TV for $378.00 A real estate lease for a term less than one year A real estate lease for a term longer than one year A potential buyer visiting an open house showing A real estate lease for a term longer...

NMLS Exam Questions and Answers 100% Correct NMLS Exam Questions and Answers 100% Correct NMLS Exam Questions and Answers 100% Correct NMLS Exam Questions and Answers 100% Correct 3 - ANSWER-Most RESPA disclosures must be sent within ___ days from application Initial Escrow Statement - ANSWER-What document is typically delivered at settlement, yet a lender has 45 days from settlement to deliver it? X - ANSWER-RESPA is also known as Regulation ___ 1. Loan Terms 2. Projected...

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the con...