Compucram - Study guides, Class notes & Summaries

Tom, Rick, and Harry own a house. When Rick dies, his heirs receive his share of the ownership interest. What type of co-ownership did Tom, Rick, and Harry have? correct answers Tenancy in common A type of legal description used to describe real estate that includes feet, degrees, and natural markers as monuments is called a correct answers Metes and bounds ABC Remodeling, Inc. buys a new warehouse for its trucks and excess building materials. How will it take title? correct answers Tenanc...

CompuCram UPDATED Exam Questions and CORRECT Answers The owners of an undivided interest in land, with no rights of survivorship, would be considered - CORRECT ANSWER- tenancy in common What best describes ownership of a condominium? - CORRECT ANSWER- fee simple absolute What is NOT considered when determining whether an item is a fixture or personal property? - CORRECT ANSWER- value of the annexed item

Compucram Exam National PA Questions with Answers-Latest Update.Compucram Exam National PA Questions with Answers-Latest Update.Compucram Exam National PA Questions with Answers-Latest Update.

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Regulation B states that a creditor must provide an applicant a copy of all appraisals and other written valuations developed in connection with an application for credit that is to be secured by a first lien on a dwelling. For closed-end credit, the appraisal copy must be provided to the applicant at least ____ business days prior to consummation of the transaction correct answers 3 Regulation B, which implements ECOA, states that a creditor must provide an applicant a copy of all appraisals...

NMLS Test Prep CompuCram Test Questions with correct answers.

ACTUAL CompuCram Exam 2024 Questions With Completed Answers To Score A+!! If a building sells for $1,200,000, produces a gross income of $12,000 monthly, and annual building expenses are $8,400, what is the gross annual rent multiplier? 8.30 QUESTION RATIONALE Remember, GRM uses gross income, not net income, so ignore the expenses of $8,400. Because the question asks for the annual rent multiplier, multiply the monthly income of $12,000 by 12 ($12,000 x 12 = $144,000). Use the GRM formula; V...

Compucram Simulated Exam | Questions with 100% Correct Answers | Latest Update 2024 | Verified

______ is a black tar-like substance that builds up inside the chimney through normal use. - Creosote... Excessive creosote buildup is a fire hazard. _______ is a study that includes soil types and the location of vegetation and water. - Topography _______ is the amount of current or electricity flowing through the wire. - Amperage _______ prevents wind and moisture from penetrating the junction of the soffit and sheathing. - Frieze board, This is located at the soffit. A "header" is a c...

CompuCram (pre-exam) Questions With Complete Solutions.