Escrow co - Study guides, Class notes & Summaries

Escrow Chapter 1 Quiz

Escrow chapter 1 Questions with complete solution 2023/2024Which of the following is a true statement regarding and escrow? - correct answer It is a process in which a third neutral party handles the legal paperwork in a real estate transaction, and escrow only proceeds when all the agreed to conditions have been performed. Escrows are required by state law and all of the following transactions except - correct answer The sale of a residence Real property is defined as - correct answer Lan...

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content Exam Questions With Verified Answers What does UST stand for? - answerUniform State Test Who does the CFPB protect? - answerThe Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - answerCFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are shopping for,...

Hawaii Real Estate Review Quiz 1 100% Correct Solved The ownership of a condo unit differs from that of an ownership in a co-op apt project in which of the following ways A) You can be deeded fee simple title on a condo unit B) THe owner of a co-op apt projects owns an undivided interst in the entire project C) Condo's are subject to subdivision laws D) They are identical - Correct Answer ️️ -A) You can be deeded fee simple title on a condo unit A licensed broker can establish his m...

CCR Exam Questions 2024 with Complete Solutions If a buyer notifies the seller in writing of a termination of the contract under the Loan Objection provisions, what happens to the earnest money? a. buyer and seller will mediate any disagreement about earnest money b. the broker must hold the earnest money until she gets mutual agreement to return it to buyer c. as the buyer could not get a loan, money goes to the seller d. the earnest money must be returned to the buyer immediately - ...

WA Fundamentals Final Exam Questions and Answers Already Passed A $4,500 earnest money check bounces because of insufficient funds. The first thing the broker should do is: A. notify escrow to charge this amount, plus the bounced check fee, to the buyer B. Notify the borrower C. Notify the principals D. Write a personal check for $4,500 to cover the shortage C. Notify the principals A and B sign a rental agreement in which A agrees to lease her property to B in exchange for rent...

Hawaii Real Estate Review Quiz 1 100% Correct Solved The ownership of a condo unit differs from that of an ownership in a co-op apt project in which of the following ways A) You can be deeded fee simple title on a condo unit B) THe owner of a co-op apt projects owns an undivided interst in the entire project C) Condo's are subject to subdivision laws D) They are identical - Correct Answer ️️ -A) You can be deeded fee simple title on a condo unit A licensed broker can establish his m...

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content Exam Questions With Verified Answers What does UST stand for? - answerUniform State Test Who does the CFPB protect? - answerThe Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - answerCFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are shopping for,...

DID NOT PROVIDE FULL DISCLOSURE TO HIS PRINCIPAL AS REQUIRED - Answer-A broker has a long term listing with his principal with a price that had been fully researched at the time of the listing a year ago. He has just been informed that the property next to his has been rezoned. this means that the principals property is likely to increase significantly in value. the broker informs one of his investors, who buys the property at full price. This makes the seller happy after such a lengthy listing....

A home is being purchased for $275,000. The buyer agrees to an 80% loan with the seller paying $5,000 of the buyer's closing costs. What amount will the ... - $55,000 A national company desires a parcel of land which must be four times the size of its proposed building. If the building design includes 20,000 square feet .... - B) 2 acres A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the .... Acco...