Sc psi real estate exam - Study guides, Class notes & Summaries

SC PSI Real Estate Exam Prep Questions and Answers Which of the following describes the term appreciation? - Correct Answer ️️ -An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - Correct Answer ️️ -An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - Correct Answer ️️ -Balloon mortgage The following reason accounts for why b...

SC PSI Real Estate Exam Prep Questions and Answers Which of the following describes the term appreciation? - Correct Answer ️️ -An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - Correct Answer ️️ -An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - Correct Answer ️️ -Balloon mortgage The following reason accounts for why b...

SC PSI REAL ESTATE EXAM PREP QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Which of the following describes the term appreciation? - -An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - -An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - -Balloon mortgage The following reason accounts for why bridge loans are not used much anymore: - -Mo...

SC PSI Real Estate Exam Prep Already Graded A Which of the following describes the term appreciation? An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: Balloon mortgage The following reason accounts for why bridge loans are not used much anymore: More second mortgage lenders now will lend at ...

SC PSI Real Estate Exam Prep Questions and Answers (Rated A+ Solutions)

Which of the following describes the term appreciation? - Answer- An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - Answer- An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - Answer- Balloon mortgage The following reason accounts for why bridge loans are not used much anymore: - Answer- More second mortgage lenders now will lend at ...

Which of the following describes the term appreciation? - Answer An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - Answer An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - Answer Balloon mortgage The following reason accounts for why bridge loans are not used much anymore: - Answer More second mortgage lenders now will lend at a hi...

Which of the following describes the term appreciation? - Answer An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - Answer An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - Answer Balloon mortgage The following reason accounts for why bridge loans are not used much anymore: - Answer More second mortgage lenders now will lend at a hi...

Which of the following describes the term appreciation? -ANSWER An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: -ANSWER An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: -ANSWER Balloon mortgage The following reason accounts for why bridge loans are not used much anymore: -ANSWER More second mortgage lenders now will lend at a high t...

SC REAL ESTATE PSI EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Agent AKA Proxy - -One engaged to respresent and be under the control of a principal Principal AKA Client - -One who contracts with another for represenation, advise and cousel in legal or business dealings with third parties. Third Party AKA customer - -The person(s) the agent is trying to do busines with while representing the client Common Law - -Created by judges Statues - -written State or Federal laws Ty...