Who can obtain a va loan - Study guides, Class notes & Summaries
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Bob Hogue Real Estate Questions And Answers With Verified Study Solutions
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Requirement that the infrastructure for sanitary sewers, potable water, and waste treatment facilities be 
in place before new development is allowed is the - Answer-Concurrency Provision 
The only active general partner in a real estate brokerage partnership has his license suspended. All of 
the licenses of the sales associates in that brokerage are - Answer-placed in inactive status 
Legal Title always passes from the seller to the buyer - Answer-When the deed is voluntarily delivered 
and vo...
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Champions - Real Estate Finance Questions And Answers 2024 100% Scores
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Champions - Real Estate Finance 
Questions And Answers 2024 100% 
Scores 
Loan Processing - CORRECT ANSWER-The process of collecting information about a 
borrower in order to build a loan file that will be used to make an underwriting decision. 
Underwriting - CORRECT ANSWER-The process of evaluating a borrower's loan 
application to determine the risk involved for the lender. 
Funding - CORRECT ANSWER-The process of transferring funds to a title or escrow 
company for disbursement. 
Servic...
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NMLS Test Questions and Answers Graded A+
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NMLS Test Questions and Answers Graded A+ 
What is the pass rate for the NMLS Test and how long is it? 
75% of 115 questions, 125 questions long with 10 ungraded 
 
 
 
What is the biggest thing to remember about taking the test? 
Read the questions twice, slowly, but do not take over 30 seconds per question the first time through. 
 
 
 
 
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California Real Estate License Exam 1 Verified Answers
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California Real Estate License Exam 1 Verified Answers 
1.1. A title was recorded for a parcel of real property vested in the name of Johan Wilson, a single 
woman. After her marriage to William Roberts, she executed a deed to the property only in the name of 
Johan Roberts, a married woman. The discrepancy in the grantors name is: 
A. Valid if William Roberts agrees to it 
B. A defect on title that may cause title to be vested as tenants in common 
C. Immaterial if the property is properl...
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National Real Estate Exam 2024 Questions and Answers Already Passed
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National Real Estate Exam 2024 
Questions and Answers Already Passed 
 
When payments are made on amortized mortgage loans, the debt service includes Payment 
of principal, interest, taxes, and insurance on the mortgaged property 
 
A couple bought their first home, quantifying for a 30-year loan. The lender required regular, 
equal payments of sufficient size and number to pay all interest due on the loan and reduce the 
amount owed to zero by the loan's maturity date.This is most likely A ful...
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Champions School Of Real Estate ( Real Estate Finance) 2024 Tested
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Champions School Of Real Estate ( Real 
Estate Finance) 2024 Tested 
A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) - 
CORRECT ANSWER-Non-Conforming Loan 
VA - CORRECT ANSWER-Veteran's administration - assists veterans in the purchase 
of housing by guaranteeing loans) 
Seller's equity - CORRECT ANSWER-Cash price minus the loan balance 
A clause often found in a blanket loan allowing the borrower to obtain partial releases of 
specific lots by making required ...
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Real Estate Final Exam Questions With Solutions Latest Updated 2023-2024 Graded A+
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Real Estate Final Exam Questions With Solutions Latest Updated Graded A+. A buyer bought a property without telling the seller of his intended purpose for the property. The 
contract contains no contingency clauses and it is a properly executed contract. After the closing, 
the buyer is unable to obtain the zoning he needs for his commercial project. What is the contract 
at this stage? Enforceable 
6. The seller and the buyer finally agreed to a purchase price of $203,500 with the closing to 
...
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Colorado State Real Estate Exam Questions and Answers Graded A+
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Colorado State Real Estate Exam Questions and Answers Graded A+ The Amend/Extend Contract With Broker is used to change : Any contract to which the broker is a party 
According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract to Buy and Sell Real Estate: non-applicable financing conditions 
In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: Additional Provisions of a commission approved contract 
"MEC" in a contract mea...
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ACEABLE AGENT- REAL ESTATE FINANCE EXAM WITH GUARANTEED ACCURATE ANSWERS
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Who owns the property when the borrower has a reverse mortgage? - ACCURATE ANSWERS Borrower 
 
A period of significantly reduced economic activity that lasts longer than six months is known as - ACCURATE ANSWERS Recession 
 
Stabilized high unemployment, home foreclosures and low govt interest rates are a sign of which phase of real estate cycle - ACCURATE ANSWERS Recovery 
 
When Fannie Mae packages Kona's to be sold to investors they are creating - ACCURATE ANSWERS Mortgages backed securities...
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Loan Signing Questions and Answers Rated A
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Loan Signing Questions and Answers Rated A contingency a clause in an agreement that keeps things from being legally binding unless a condition is met. A typical contingency clause might read like this: "This contract is contingent upon Buyer successfully obtaining a mortgage loan at an interest rate of 6 percent or less." 
recording fee The fee charged by a government agency for registering or recording a real estate purchase or sale, so that it becomes a matter of public record. Recording fe...
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