A lender m - Study guides, Class notes & Summaries

REAL ESTATE SALESPERSON NATIONAL PREP EXAM 1 ACTUAL 2024 COMPLETE EXAM CORRECTLY ANSWERD VERIFIED EXAMS WITH RATIONALES GRADED A+ 1. John owns the dominant estate with an easement appurtenant. John sells the property. What happens to the easement? a. A commercial tenant's lease will expire at the end of the month. It is terminated by the sale. b. It belongs to the buyer. c. (Its ownership must be negotiated outside the sale. d. John retains ownership of the easement. Appurtenant ­...

2023/2024 PROMULGATED CONTRACT FORM EXAM ACTUAL EXAM WITH 180 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |A+GRADE If a Buyer wants the Seller to pay some or all of their closing costs, it should be added to the contract in: A) Paragraph #11 (Special Provisions) B) Paragraph #12 - Seller participation in the Buyer's costs C) Third Part financing Addendum D) All of the above If a Buyer chooses not to be represented by an agent, the Buyer must be made aware that any info...

HUD Practice Test Questions with Correct Answers Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - Correct Answer ️️ -Pay Stub A client would like to purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? - Correct Answer ️️ -Find a second job A credit repor...

Promulgated Contract Forms: Final Exam 2024 Questions & Answers 100% Accurate!!. When earnest money is deposited with an escrow agent, the escrow agent: - ANSWER-A) Is not responsible for the performance of any signatory B) Has the right to secure written release of all signatories C) Is not liable for interest on the money How does the Texas Real Estate License Act define the first face-to-face meeting with required agency disclosure? - ANSWER-When a substantive dialogue about a specific re...

M-100 Focus : LEGAL BASIS Exam Questions With 100% Correct Answers Define a community association and its 3 characteristics - answerA community association is a legal entity in which the owners enjoy the protection, enhancement, maintenance and preservation of their homes and property. - Membership is mandatory - Governing documents bind the owner and the association to each other through mandated actions - Mandatory lien-based assessments (maintenance fees) are levied on each owner in o...

M-100 The Essentials of Community Association Management (Cert Exam) Latest Characteristics of a Community Association - CORRECT ANSWER-Mandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association - CORRECT ANSWER-Business - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3 Basic Types of Community Associations - CORRECT ANSWER-Planned Community - Owners owns his lot/living unit an...

M-100 The Essentials of Community Association Management Exam Questions With 100% Correct Answers Characteristics of a Community Association - answerMandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association - answerBusiness - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3 Basic Types of Community Associations - answerPlanned Community - Owners owns his lot/living unit and communi...

M-100 Focus Questions: LEGAL BASIS Exam Questions And Answers Define a community association and its 3 characteristics - answerA community association is a legal entity in which the owners enjoy the protection, enhancement, maintenance and preservation of their homes and property. - Membership is mandatory - Governing documents bind the owner and the association to each other through mandated actions - Mandatory lien-based assessments (maintenance fees) are levied on each owner in order ...

Texas Real Estate Exam PREP Questions and Answers 100% Solved An unlicensed assistant is showing property for her broker. Which of the following penalties would apply and to whom? Both the broker and the unlicensed assistant would be subject to fines by TREC The listing presentation went welland the seller has agreed to list with the broker. The listing agreement has not been signed but the broker has an appointment with the sell The broker must wait for the written permission to place the sig...

CMCA PRACTICE EXAM 136 Questions with Verified Answers The Joint Commission (JC) requires the Factors that Affect Learning must be assessed for a hospital or hospital owned physician practice as well as other health care facilities. When assessing this element what does this include? A. The patient's ability to read, method of learning and understanding. B. Any language or physical disabilities. C. Cultural beliefs. D. All the above - CORRECT ANSWER D. All the above Report cop...