Ch 14 escrow title - Study guides, Class notes & Summaries

CH. 14- Escrow & Title Questions with complete solution 2023/2024WHAT IS ESCROW? - correct answer For purposes of real estate, escrow is defined as the process in which a disinterested third party holds all money and documents relating to a transaction until all of the terms and conditions of the escrow instructions have been satisfied. The parties to the escrow - the buyers and the sellers - are the persons who decide what the escrow instructions will be. These instructions detail the proced...

(Practice) Ch. 14 - Escrow and Title Insurance Question and answers already passed 2023/2024RESPA gives the buyer the right to review the completed closing disclosure how long before closing? A. Two calendar days B. One business week C. One calendar week D. Three days - correct answer D. Three days Who is responsible for ordering the preliminary title report? A. Buyer B. Escrow officer

CH. 14- Escrow & Title

CH. 14- Escrow & Title

Gold Coast 1001 CRAM (Q&A, 100% Verified) Gold Coast 1001 CRAM (Q&A, 100% Verified) 901. Complete the sentence. A sales associate cannot ____ (Ch. 5, Sales Associate Duties) a. Change the policies of his or her employer without consent b. Change the terms and conditions of a sales contract without permission c. Change the terms and conditions of a listing contract without permission d. All of the above 902. Who may directly receive compensation for performing any of the eight service...

(Practice) Ch. 14 - Escrow and Title Insurance

(Practice) Ch. 14 - Escrow and Title Insurance

Gold Coast 1001 CRAM (Q&A, 100% Verified) 901. Complete the sentence. A sales associate cannot ____ (Ch. 5, Sales Associate Duties) a. Change the policies of his or her employer without consent b. Change the terms and conditions of a sales contract without permission c. Change the terms and conditions of a listing contract without permission d. All of the above 902. Who may directly receive compensation for performing any of the eight services of real estate? (Ch. 2, Activities Requir...

Areas of expert knowledge required for all real estate licensees? - Answer- 1. Property Transfer 2. Valuation 3. Marketing (Not accounting or construction) Real estate licensees can perform valuations under the real estate license law if the valuation is not to be used _________. - Answer- in a federally related transation real estate licensees usually prepare... - Answer- CMAs or give a BPO. They do NOT perform appraisals Does Florida have a reciprocity with any other state with regard...

Prorating Rent - Answer- paid in advance monthly rent collected by the seller for the month must be divided between seller and buyer Areas of expert knowledge required for all real estate licensees? - Answer- 1. Property Transfer 2. Valuation 3. Marketing (Not accounting or construction) Real estate licensees can perform valuations under the real estate license law if the valuation is not to be used _________. - Answer- in a federally related transation real estate licensees usuall...