Recission - Study guides, Class notes & Summaries

Which of the following is NOT considered "Middle Housing" A) Cottage Cluster B) Townhouses C) Large multifamily homes D) Condo's - ANSWER-Large Multi-family residences Which of the following documents do not need signatures for both buyer and seller? A) Final Agency Agreement B) Title Report C) D) - ANSWER-Final Agency Agreement? Because if the seller doesn't accept the offer they are not obligated to sign Final Agency Agreement - ANSWER-Sale Agreement Types of Depr...

Loan Officer – NMLS Questions and Answers Graded A+ ECOA - REG B Equal Credit Opportunities Act If App for Cedit is Denied based on Appraisal, Borrower has 90 days to request a copy then Lender has 30 days to deliver HMDA - REG C Home Mortgage Disclosure Act Found in: Section 10 of 10-03 Loan App Government Monitoring Section Eliminates / Identifies Possible Discrimination RESPA - REG X Real Estate Settlement Procedures Act TIL/TILA - REG Z Truth in Lending Act (2015) Deals with:...

SCCJA CHAPTERS 17, 18,19, 22, 26, 28, AND 30: EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED/ Agency law is concerned with your __________for the _______ of others and their _____________ to you. - -responsibility, actions, obligations To create an agency relationship, there must be: A ______________ and An _______________ Who _________ consent that the __________ will act on behalf of the _________ Be subject to the ______________'s control thereby creating a ___________ relationship -...

RECA Fundamentals Study Guide Exam Questions And Answers (Updated And Verified) Duty-based ethics - answerIndividual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - answerSells the optimal result for the greatest number of people Advisory note - answerPunishment for a technical breach Administrative penalty/ fine - answerOne or two potentially serious infraction would cause this punishment Ratification- acting without autho...

duty-based ethics - Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - Sells the optimal result for the greatest number of people Advisory note - Punishment for a technical breach Administrative penalty/ fine - One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of authority Implication- advice outside of objective - These two ways of creating...

RECA fundamentals study guide with complete solutions duty-based ethics -Answer-Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics -Answer-Sells the optimal result for the greatest number of people Advisory note -Answer-Punishment for a technical breach Administrative penalty/ fine -Answer-One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of authori...

RECA fundamentals study guide questions and answers latest 2023duty-based ethics - correct answer Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - correct answer Sells the optimal result for the greatest number of people Advisory note - correct answer Punishment for a technical breach Administrative penalty/ fine - correct answer One or two potentially serious infraction would cause this punishment Ratification...

What is the Tennessee Real Estate Commission (TREC)? The judicial body of the real estate industry in Tennesee Following Discriminitory practice, you should make a coplaint within _____ days 180 What is time share estate? ownersihp or leashold estate in property devoted to a time share fee, tenants in common, time span, ownership, interval ownership, and a time share lease What is an acquisition agent? License and attempts directly to encourage any person to attend a s...

RECA Fundamentals Study Guide Exam Questions And Answers (Updated And Verified) Duty-based ethics - answerIndividual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - answerSells the optimal result for the greatest number of people Advisory note - answerPunishment for a technical breach Administrative penalty/ fine - answerOne or two potentially serious infraction would cause this punishment Ratification- acting without autho...

Florida Health 240 Insurance Exam Questions With Verified Solutions Rules of Construction - answerHelp to identify and establish the intent of the parties to the contract Utmost good faith - answerEach party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract - answerA contract under which one party's performance is contingent on an unc...