Guam real estate exam - Study guides, Class notes & Summaries

Guam Real Estate Exam Correctly Answered. How does supply & demand affect real estate market? - CORRECT ANSWER availability, construction and material costs, and governmental controls and financial policies Who is NAR - CORRECT ANSWER National Association of REALTORS® Difference between land & real estate - CORRECT ANSWER Land is defined as the Earth's surface extending downward, real estate is land plus all things permanently attached to it naturally or artificially Ownership ri...

GUAM Real Estate Exam (Latest 2023 – 2024) Rated A+

Guam State Practice Exam Questions & Answers. How many members and term for the RE Commission? - CORRECT ANSWER 7 members/4 years Real Estate Commission Functions - CORRECT ANSWER 1. Adopt Rules and Regulations relating to administration 2. Make recommendations and suggestions of policy to the commissioner as the commissions deems beneficial and proper for the welfare and progress or the real licensees and of the pu lic and of the real estate business on Guam. 3. Adopt a seal, which ma...

UOG Real Estate State Exam Questions with100% Correct Answers #2024 Guam System Development Charge *Ans* GWA's fee for new connections to the water and sewer lines Planned Unit Development (PUD) *Ans* A type of exception, or special use, permitted under many modern zoning ordinances, allowing a mixture of different land uses or densities. Compact parking stall size *Ans* 120 square feet Standard parking stall size *Ans* 160 square feet How long is contractor's homeowner's warranty...

Guam State Written Exam 2024. How many members and term for the RE Commission? - correct answer 7 members/4 years Real Estate Commission Functions - correct answer 1. Adopt Rules and Regulations relating to administration 2. Make recommendations and suggestions of policy to the commissioner as the commissions deems beneficial and proper for the welfare and progress or the real licensees and of the pu lic and of the real estate business on Guam. 3. Adopt a seal, which may be either engrav...

The SAFE Act Ch 6 Exam Questions With 100% Correct Answers Nontraditional Mortgage Product - answerDefined by the SAFE Act as any mortgage product other than a 30-year fixed rate mortgage; as defined by the Interagency Guidance on Nontraditional Mortgage Product Risk, allows a borrower to defer principal and, sometimes, interest. Registered Loan Originator - answerA natural person who is employed by a depository institution that is regulated by a federal banking agency and is exempt from ...

The SAFE Act Ch 6 Exam Questions With 100% Correct Answers Nontraditional Mortgage Product - answerDefined by the SAFE Act as any mortgage product other than a 30-year fixed rate mortgage; as defined by the Interagency Guidance on Nontraditional Mortgage Product Risk, allows a borrower to defer principal and, sometimes, interest. Registered Loan Originator - answerA natural person who is employed by a depository institution that is regulated by a federal banking agency and is exempt from ...

How does supply & demand affect real estate market? correct answersavailability, construction and material costs, and governmental controls and financial policies Who is NAR correct answersNational Association of REALTORS® Difference between land & real estate correct answersLand is defined as the Earth's surface extending downward, real estate is land plus all things permanently attached to it naturally or artificially Ownership rights correct answersownership is the of use right...

The SAFE Act Ch 6 Exam Questions With 100% Correct Answers Nontraditional Mortgage Product - answerDefined by the SAFE Act as any mortgage product other than a 30-year fixed rate mortgage; as defined by the Interagency Guidance on Nontraditional Mortgage Product Risk, allows a borrower to defer principal and, sometimes, interest. Registered Loan Originator - answerA natural person who is employed by a depository institution that is regulated by a federal banking agency and is exempt from ...