If a seller w - Study guides, Class notes & Summaries

mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk Origination - Answer- The process of creating a new mortgage loan U...

ASREB Test with 100% Correct Solutions A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - Correct Answer ️️ -Equity A broker, acting as a property manager, would be considered what type of agent? - Correct Answer ️️ -General A contract has been signed, but title has not yet been passed. The contract is... - Correct Answer ️️ -Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $6...

Accuplacer Exam Questions With Correct Answers 2024. E If a ≠ b and 1/x + 1/a = 1/b, then x = A. 1/b - 1/a B. b - a C. 1/ab D. a - b/ab E. ab/a - b C The graph of which of the following equations is a straight line parallel to the graph of y = 2x ? A. 4x - y = 4 B. 2x - 2y = 2 C. 2x - y = 4 D. 2x + y = 2 E. x - 2y = 4 A An equation of the line that contains the origin and the point (1, 2) is A. y = 2x B. 2y = x C. y = x -1 D. y = 2x +1 E. y/2 = x - 1 E An apartment building contains 12 units ...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

A lawyer or law firm may sell or purchase a law practice or area of a law practice, including goodwill, if: - Answer-1. the seller ceases to practice law entirely or within a geographic area or jurisdiction; 2. written notice is given to the clients regarding the proposed sale, the clients' right to seek other counsel, and the fact that consent to the transfer of files will be presumed if no action is taken by a client w/in 90 days. If a client cannot be given notice, the representation of tha...

1968 case in which U.S. supreme court ruled that discrimination by race is absolutely prohibited in any form or at any level - Jones v. Mayer 2 docs borrow must always create in a mortgage loan - note & deed of trust (mortgage) 2 important functions of a commercial RE broker - provide prospective buyer w/ info about property & to negotiate compromises 2 levels of brokerage licensure - salesperson: must work for broker broker: can operate own brokerage agency 3 approaches to value - sales ...

CPCU 530 Practice Exam Questions and Answers common stock - Answer-An ownership interest in a corp that gives stockholders certain rights and privileges, such as the right to vote on important matters and to receive dividends preferred stock - Answer-Stock that is generally nonvoting but that has priority over common stock, usually regarding dividends and capital distribution if the corporation ends its existence Par value - Answer-An arbitrary dollar value that an organization assigns...

1. Successions with a Will - Who signs?: No liquidator = all legatees W/ a liquidator = full admin liquidator or simple admin liquidator with authorization from legatees and legal heirs. 2. Successions w/o a Will - Who signs?: No liquidator = All legal heirs W/ a liquidator = liquidator authorized by legal heirs 3. Successions - What documents do you need?: During liquidation of the suc- cession? -Declaration of transmission (w/ or w/o a Will) -If no Will and there's a liquidator, an Act o...

CPCU 530 Practice Exam Questions and Answers common stock - Answer-An ownership interest in a corp that gives stockholders certain rights and privileges, such as the right to vote on important matters and to receive dividends preferred stock - Answer-Stock that is generally nonvoting but that has priority over common stock, usually regarding dividends and capital distribution if the corporation ends its existence Par value - Answer-An arbitrary dollar value that an organization assigns...

Arkansas Real Estate Law Mid-Term Questions and Answers 100% Pass In a timely manner - Correct Answer ️️ -A licensee is representing the seller solely in a real estate transaction. When must the agent disclose his or her agency relationship to the prospective buyer? At first contact - Correct Answer ️️ -A licensee is representing the buyer solely in a real estate transaction. When must the agent disclose his or her agency relationship to the seller or the agent of the seller? No,...