Tx real estate - Study guides, Class notes & Summaries

TX - SAE REAL ESTATE LAW PRACTICE EXAM Q & A 2024.

appraisal - value of a property maybe affected by social, economic, govt and environmental influences Loan-to-Value Ratio (LTV) - The percentage of value or sales price that a lender is willing to finance. limited appraisal report - exterior only/drive by inspection. deemed as low risk loan highest and best use of property - legal use that gives the greatest return Principal of Contribution - cost does not equal value Residential Mortgage Loan Originators (RMLO) - Must be certified licenc...

TX-Brokerage (SAE) Questions with correct Answers 2024 The _____ is required to ascertain that Brokers are aware of all of their responsibilities. Texas Real Estate Commission The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of a broker's responsibilities and obligations under 22 TAC §535.2. Broker Responsibility MCE Who Must Ta...

TX REAL ESTATE EXAM PREP-MATH PROBLEMS (2024 / 2025) Questions with Verified Answers, 100% Guarantee Pass Score

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TX Real Estate Promulgated Forms - Champions Exam Questions and Answers 100% Correct TX Real Estate Promulgated Forms - Champions Exam Questions and Answers 100% Correct TX Real Estate Promulgated Forms - Champions Exam Questions and Answers 100% Correct lead based paint disclosure - ANSWER-a federal disclosure requirement for residential properties built prior to 1978 TREC has promulgated forms for what? - ANSWER-residential transactions the number of days allowed for objections to title...

TX Real Estate Exam - TREC & Licensing Already Passed Which of the following is true regarding the Texas Real Estate Commission? A) Commissioners serve staggered 3-year terms. B) Nine members are elected to 6-year terms. C) Three members must represent the public. D) Six members are appointed by the governor with the approval of the Senate. C The TREC is empowered to A) enact laws to administer license law statutes. B) discipline violators of license laws. c) impose incarceration senten...

Real Estate Finance - Aceable (TX) Study Guide

lenders bear less risk in making an FHA loan beacuse the FHA - ANSWERSFHA is default insurance that will pay a claim to a lender in the event of a default by the homeowner portfolio loan - ANSWERSretained by the lender and it is not sold in the secondary market. commercial banks are active in residential mortgage lending an appropriate loan for a property in need of significant rehabilitation would be - ANSWERSconstruction to permanent loan a borrower plans to be in a home long term, or...