Va state real estate exam - Study guides, Class notes & Summaries

A brokerage relationship is a correct answerscontractual one A brokerage relationship is between the correct answersbrokerage and the client, even if the salesperson initiated the relationship A brokerage agreement must be signed before the licensee performs any correct answerslicensed activities for the client Licensees must disclose that they work for their brokerage when they have correct answerstheir first substantive discussion with a client about a specific property Limited ser...

WASHINGTON STATE REAL ESTATE EXAM SET 1 | QUESTIONS & 100% VERIFIEDANSWERS | LATEST UPDATE | PASSED when does the real estate agent give the seller's a copy of their listing agreement form? Correct Answer: immediately what are the elements needed for a valid purchase and sales agreement? Correct Answer: consideration (not of monetary value), in writing & lawful purpose. There does not need to be earnest money but often is a mortgage that secures both real and personal property as c...

WASHINGTON STATE REAL ESTATE EXAM SET 1: QUESTIONS AND ANSWERS, GRADED A+/ when does the real estate agent give the seller's a copy of their listing agreement form? - - immediately what are the elements needed for a valid purchase and sales agreement? - -consideration (not of monetary value), in writing & lawful purpose. There does not need to be earnest money but often is a mortgage that secures both real and personal property as collateral to secure a borrower's debt - - package mor...

National Real Estate Exam 2024 Questions and Answers Already Passed When payments are made on amortized mortgage loans, the debt service includes Payment of principal, interest, taxes, and insurance on the mortgaged property A couple bought their first home, quantifying for a 30-year loan. The lender required regular, equal payments of sufficient size and number to pay all interest due on the loan and reduce the amount owed to zero by the loan's maturity date.This is most likely A ful...

Colorado state Real Estate Exam Graded A+ The Amend/Extend Contract With Broker is used to change : ️Any contract to which the broker is a party According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract to Buy and Sell Real Estate: ️non-applicable financing conditions In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: ️Additional Provisions of a commission approved contract "MEC" in a contract means...

Barney Fletcher Final Exam | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024 B. an exclusive right to sell listing - -A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an open listing D. all listings C. do not tell them even ...

ASREB Exam Practice Questions and Answers types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) Two types (Upfront and Monthly) Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) Drops off automatically at 78% loan to value (LTV) Ask for removal at 80% loan to value VA Loan - Correct Answer ️️ -Funding Fee based on value USDA loan - Correct Answer ️️ -loan is zero do...

STATE (Nebraska) Real Estate Practice Exam 1 with Complete Solutions Restrictive Covenants prohibit all future owners from certain actions or modifications of their property and placed by private parties, consistency and desirability of a neighborhood Closing Disclosure, a statement of actual charges and adjustments, to the borrower by the lender The TRID form, TILA-RESPA escrow accounts that accumulate funds from closing costs and monthly payments to ensure that property taxes and ...

Minnesota (real estate) practice State Exam Questions with Certified Solutions All of the following are considered common interests community properties, except ? Apartments The renewal period for real estate licensees is 2 years A couple owns property as joint tenants and is going through dissolution of marriage. One of the spouses wishes to sell a property they own. Which of the following statements about selling property is true The property may be sold by as per the divorce decr...

Civil Service practice for Louisiana state Exam 150 Questions with Verified Answers Which of the following statements is true regarding Purchase Agreements? Select one: a. They must have a definite expiration date. b. They do not have to have an expiration date. c. A copy must be filed with the Real Estate Commission. d. A copy must be retained by the broker for 10 years. - CORRECT ANSWER They must have a definite expiration date. Under what conditions may a person or comp...