Md real estate psi - Study guides, Class notes & Summaries

MD Real Estate PSI exam (2022/2023) Already Passed home equity loan A loan under which a property owner uses the property as collateral and can then draw funds up to a prearranged amount against the property. Also called a home equity line of credit, or HELOC. home inspection A thorough visual survey of a property's structure, systems, and site conditions conducted by a professional. Home Mortgage Disclosure Act A federal law, implemented at its creation by Regulation C of the Federal Reserve...

MD Real Estate PSI exam with complete solutions

home equity loan - Answer A loan under which a property owner uses the property as collateral and can then draw funds up to a prearranged amount against the property. Also called a home equity line of credit, or HELOC. home inspection - Answer A thorough visual survey of a property's structure, systems, and site conditions conducted by a professional. Home Mortgage Disclosure Act - Answer A federal law, implemented at its creation by Regulation C of the Federal Reserve, that requires lend...

MD Real Estate PSI exam with complete solutions

PSI Real Estate Exam (MD State Portion) Questions with Verified Solutions Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Ser...

Usury MOST nearly means - Answer A: illegal interest. Each state sets its own ceiling for the maximum interest rate lenders may charge. Rates above that ceiling are considered ________ and ______. No reputable lender exceeds those rates and those that make a practice of it are commonly known as loan sharks. - Answer usurious and illegal. Which of the following describes a mortgage that requires principal and interest payments at regular intervals and is called the liquidation of debt by pe...

PSI Real Estate Exam (MD State Portion) Questions With Compete Solutions.

PSI Real Estate Exam (MD State Portion) (verified 100%)

MD Real Estate PSI National Exam 1 With Correct Questions And Answers 2024

MD Real Estate PSI exam Questions And Answers