Escrow chapter 11 Study guides, Class notes & Summaries

NJ Real Estate Exam [SOLVED] 2023Broker - ANSWER One who buys and sells for another for a fee. Broker-Salesperson - ANSWER A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control - ANSWER regulations covering out of state properties sold in NJ continuing education - ANSWER 12 hours required every two years, two of which must be on ethics NJ Real Estate Commission - ANSWER Department of Banking and...

Florida RE Exam Practice Questions c - ANS Which tax lien is superior? a. Mechanic Lien Jan 2, 2013 b. Housing Lien March 30, 2013 c. Property Tax Lien Jan 1,2013 d. Mortgage Lien September 30, 2013 b - ANS A landlord has how many days to make a claim on a deposit? a. 15 b. 30 c. 7 d. 3 b - ANS Which of the following ways is NOT a way to determine a fixture. a. Intent b. Disposition c. Method d. Adaptation a - ANS What fees does the buyer pay...

Broker - Answer One who buys and sells for another for a fee. Broker-Salesperson - Answer A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control - Answer regulations covering out of state properties sold in NJ continuing education - Answer 12 hours required every two years, two of which must be on ethics NJ Real Estate Commission - Answer Department of Banking and Insurance. 8 members. 5 brokers ...

NJ Real Estate Commission - correct answer Administration of NJ RE licenses by? Dept. of Banking and Insurance - correct answer NJ Real Estate Commission is under Real Estate License Act Title 14 Chapter 15 - correct answer Licenses governed by? Title 11, Chapter 5 - correct answer Rules and regulation...

Broker - Answer- One who buys and sells for another for a fee. Broker-Salesperson - Answer- A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control - Answer- regulations covering out of state properties sold in NJ continuing education - Answer- 12 hours required every two years, two of which must be on ethics NJ Real Estate Commission - Answer- Department of Banking and Insurance. 8 members. 5 bro...

AYPO Real Estate Promulgated contracts actual exam questions "Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these - ANS c. Permitted disclosures If there is a field in a promulgated form for which you have no information to include, your safest option is which of the following? a. Run a line through it ...

Broker One who buys and sells for another for a fee. Broker-Salesperson A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control regulations covering out of state properties sold in NJ continuing education 12 hours required every two years, two of which must be on ethics NJ Real Estate Commission Department of Banking and Insurance. 8 members. 5 brokers for at least 10 years, two from general public a...

Qualified and Non-qualified Mortgage Programs - ANSWER-The Qualified Mortgage (QM) is a section of TILA that went into effect in 2014. It was mandated by the Dodd-Frank Wall Street Reform Act of 2010 and enforced by the CFPB. The QM Rule works hand in hand with the Ability to Repay Rule (ATR). The QM requirements generally focus on prohibiting certain risky features and practices such as negative amortization and interest-only periods and loan terms longer than 30 years. Features of a qual...

The redemption value of an open-end investment company's shares is based on the: previous offering price previous closing NAV NAV computed after the order is received offering price computed after the order is received NAV computed after the order is received The computation of dollar prices and accrued interest on municipal bonds is normal on what calendar basis? 30/360 30/365 Actual/360 Actual/365 30/360 Blue-sky laws are regulated by which of the following entities? SEC MSRB F...

Promulgated Contracts Questions with complete solutions A "release clause" in a mortgage agreement would allow which of the following without additional lender approval? To section off a portion of the property, the equivalent value of which has been paid off, and sell off that portion if desired. An oral contract for the lease of a property for one year or less has a statue of limitation of: two years Which of these is an exemptions to the "legal capacity" requirement to fo...