Deed of trust loan - Study guides, Class notes & Summaries

Notary Exam 2023 Practice Questions with Verified Solutions If a Notary identifies a signer through proper ID but forgets to put the information in her journal, she would be fined for? 750 Aaron has filed his Oath of Office and bond with the county recorder's office where he holds his principal place of business. Aaron is under oath for the duration of his commission to follow all Notary laws as a result. If Arron falsifies a statement, verbally or in writing, he may be found guilty of: Forge...

What is the loan balance called? - ANS the principal Charging interest in excess of this rate is called __________ or illegal interest. - ANS usury What is the total dollar amount of interest and points paid by a borrower at closing. - ANS prepaid interest What are a one-time fee paid at closing to increase the yield to the investor. - ANS points Points give the lender more money up-front so he will be encouraged to make a loan at a __________ interest rate. - ANS lo...

Homes for All considers itself a nonprofit organization. In order for its employees to be exempt from the licensing requirements of the S.A.F.E. Act, each of the following must be true about Homes, except: A) It has tax-exempt status under the Internal Revenue Code B) Its employee compensation package does not encourage an employee to act in his or her own interests over that of his or her clients C) It promotes affordable housing D) It may engage in both nonprofit and for-profit activitie...

Delaware Real Estate Law Final Exam Questions and Answers Loan to Value Ratio - Answer️️ -Amount of the loan vs value of real estate Who is the Devisee under a Will? - Answer️️ -Devisee under will is person who receives property under a will (maker of will is devisor) What are the Requirements for a valid deed in DE - Answer️️ -The deed has to be in writing The deed has to describe property with specificity The deed must have the name of grantor and grantee The deed must be signed an...

Escrow Sample Test Questions and Answers Rated A An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. A, B, C, E When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instructions require recording...

Salesperson is working for a principal, but the salesperson exceeds authority in agreement. Principal does nothing to correct the actions, and the public is led to believe the actions were okay. Agency? - Answer-Estoppel Amount stated in a purchase contract in case the buyer breaches is called: - Answer-Liquidated In a sublease with a positive leasehold who benefits from excess rent? - Answer-Sub-lessor Property taxes are 1,525. 1st half paid by seller closes November 2nd - Answer-512.57 De...

Deed of Trust Loan - Answer-Deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan Factors influencing real estate supply - Answer-- Labor force availability - Construction and material costs - Government controls - Govt. financial policies Factors influencing real estate demand - Answer-- Population - Demographics - Employment and wage levels Realtor - Answer-Member of the National Association of Realtors Schools are part of...

Deed of Trust Loan - correct answer Deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan Factors influencing real estate supply - correct answer - Labor force availability - Construction and material costs - Government controls - Govt. financial policies Factors influencing real estate demand - correct answer - Population - Demographics - Employment and wage levels Realtor - correct answer Member of the National Associ...

Deed of Trust Loan - correct answer Deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan Factors influencing real estate supply - correct answer - Labor force availability - Construction and material costs - Government controls - Govt. financial policies Factors influencing real estate demand - correct answer - Population - Demographics - Employment and wage levels Realtor - correct answer Member of the National Associ...

Real Estate Principles Final Exam Colibri Questions and Answers Already Passed Long Beach salesperson Eric Janey is providing sellers Julie and Zach Roberts with the necessary disclosures they must be given upon the sale of real property. Which of the following is NOT a disclosure that is given upon the sale of real property? Mold Disclosure Required Lead-based Paint Disclosure Required Natural Hazards Disclosure Required Radon Detection Test Disclosure - NOT REQUIRED IN CA Escrow ...