Escrow chapter 4 - Study guides, Class notes & Summaries

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Massachusetts Real Estate Salesperson License Questions and Answers 100% Pass
  • Massachusetts Real Estate Salesperson License Questions and Answers 100% Pass

  • Exam (elaborations) • 109 pages • 2023
  • Massachusetts Real Estate Salesperson License Questions and Answers 100% Pass RE Salesperson License requirements? 18 years old, 40 hour class, pass the exam, must affiliate with a broker to practice and may not accept direct client payments Broker's License requirements? 3 years salesperson experience, 40 hour class, pass the exam, $5,000 bond and pay a fee. What is MLS? Multiple Listing Service. It's a marketing tool used by Salespeople to show their listings. Difference between RE Salesp...
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NMLS - EXAM 2024 QUESTIONS & ANSWERS RATED 100% CORRECT
  • NMLS - EXAM 2024 QUESTIONS & ANSWERS RATED 100% CORRECT

  • Exam (elaborations) • 15 pages • 2024
  • Available in package deal
  • 5 rights under FACRA - 1. Right to adverse action notice 2. Free copy of credit report 3. Request credit score 4. The right to dispute incomplete or inaccurate information 5. Limit prescreened offers A registered LO means any individual who is an employee of ... - *a depository institution *A subsidiary that is- *owned and controlled by a depository institution and *regulated by a Federal Banking agency;or *An institution regulated by the Farm Credit Administration *And is registered and ...
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Florida Real Estate Exam Questions
  • Florida Real Estate Exam Questions

  • Exam (elaborations) • 23 pages • 2024
  • Florida Real Estate Exam Questions Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - ANS $1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a ...
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Principles of Real Estate 1- study guide Austin Inst questions and answers
  • Principles of Real Estate 1- study guide Austin Inst questions and answers

  • Exam (elaborations) • 33 pages • 2023
  • Texas Real Estate Agent A person who is licensed through TREC. Texas Real Estate Commission Does a person who manages, buys, sells, leases, or rents their own property have to be licensed through TREC? No. There are two types of licenses: broker's and salesperson's license What is the most popular division of the real estate market? Residential real estate because there are more transactions in residential in other forms of real estate. Residential brokerage in...
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California Real Estate Principles NINTH EDITION
  • California Real Estate Principles NINTH EDITION

  • Exam (elaborations) • 546 pages • 2024
  • INTRODUCTION TO REAL ESTATE 2 2 PART I: LEGAL DESCRIPTIONS, METHODS OF ACQUIRING TITLE, AND DEEDS 20 PART II: ESTATES AND METHODS OF HOLDING TITLE 53 3 ENCUMBRANCES, LIENS, AND HOMESTEADS 70 4 REAL ESTATE AGENCY 94 5 REAL ESTATE CONTRACTS AND MANDATED DISCLOSURES 120 6 PRACTICAL REAL ESTATE MATHEMATICS 166 7 INTRODUCTION TO REAL ESTATE FINANCE 194 8 PART I: REAL ESTATE LENDERS 224 PART II: FHA, VA, AND CAL-VET LOANS AND THE SECONDARY MORTGAGE MARKET 241 9 REAL ESTATE APPRAISAL 262 1...
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Bob Hogue chapter 5
  • Bob Hogue chapter 5

  • Exam (elaborations) • 5 pages • 2024
  • Bob Hogue chapter 5 John Anderson is a licensed real estate sales associate. Under which name may he register and be licensed: a.) Complete Real Estate Sales Services b.) John Anderson Brokerage c.) John Anderson, LLC d.) John Anderson and Partners - ANS John Anderson, LLC A sales associate receives a binder deposit from a prospective buyer and Thursday morning. Later that same day, the associate gives the binder deposit to his broker. By the end of business on what day of the we...
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Legal Aspects of Real Estate Chapter 15 100% Correct
  • Legal Aspects of Real Estate Chapter 15 100% Correct

  • Exam (elaborations) • 9 pages • 2023
  • Available in package deal
  • Legal Aspects of Real Estate Chapter 15 100% Correct What is described as the written instrument that passes the title to the personal property? A title receipt A bill of sale A balance sheet A transaction record A bill of sale California law has held that a post-dated check may be considered the equivalent of a certificate of deposit. cash deposit. promissory note. cashier's check. promissory note. What is the continuing education requirement to renew a real estate license in Californ...
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Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+
  • Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+

  • Exam (elaborations) • 202 pages • 2024
  • Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+ 312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be ...
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Chapter 17 Iowa Law All Answers Correct
  • Chapter 17 Iowa Law All Answers Correct

  • Exam (elaborations) • 19 pages • 2024
  • Chapter 17 Iowa Law All Answers Correct It is legal, in the case of a large earnest money deposit, for the money to be put into an approved trust account with the interest being paid to the buyer. True False t Which of the following is not required to have an active real estate license? A property manager A person who sells only his neighbors properties A person who sells time shares A support person of a licensee who only works open houses. A person who sells time shares Aft...
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Superior Engrade Chapter 11 A Exam Questions with Verified Answers
  • Superior Engrade Chapter 11 A Exam Questions with Verified Answers

  • Exam (elaborations) • 3 pages • 2024
  • Available in package deal
  • Superior Engrade Chapter 11 A Exam Questions with Verified Answers A homebuyer recently financed his first home with a fixed rate conventional loan. The type of interest he will pay over the life of the loan is probably -Answer-Simple interest A building was sold for $115,000. Down payment was made in the amount of $15,000 and deposited in escrow. The buyer obtained a new loan for the balance of the purchase price. The lender charged two discount points. What was the total amount charged t...
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