Granting clause - Study guides, Class notes & Summaries

Establish the Validity of a deed: acknowledgment - (Notarized/witnessed) does not have to be recorded; signature of the grantor is being notarized Elements of a deed: delivery: 3 ways - 1. Actual delivery 2. Constructive (recorded) 3. 3rd party (hold in escrow or trust) Elements of a deed: consideration - Amount paid is usually hidden by "ten dollars and other good and valuable consideration" Elements of a deed: signature - Signature of only the grantor(seller/owner) of the property El...

Legal Aspects of Real Estate Chapter 11 Already Passed What conveys title rights in a property over to an assigned trustee? A right of assignment A subordination clause A deed of trust A release of deed A deed of trust What was passed by Congress in 1977 to prevent redlining and to encourage banks and thrifts to help meet the credit needs of all segments of their communities, including low-and moderate-income neighborhoods? The Economic Recovery Act The Equal Opportunity Act The Tax Reli...

1 REAL ESTATE STATE EXAM FOR OHIO REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE/ Fiscal Policy - -Treasury Department Monetary Policy - -Federal Reserve Bond Truth In Lending Act - -To provide standard disclosure procedures that all lenders must follow. Required so consumers will know exactly what they are paying for credit so they can compare Annual Percentage Rate (APR) - -The relationship between the cost of borrowing money and the total amount financed, represented by a percentage Us...

Florida Claims Adjuster Exam, STUDY Exam Questions and Answers Peril - Answer- Somthing that causes a loss. Hazard - Answer- Something that increases the probability that a loss will occur. Warranty - Answer- A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation - Answer- An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. C...

Fiscal Policy - Treasury Department Monetary Policy - Federal Reserve Bond Truth In Lending Act - To provide standard disclosure procedures that all lenders must follow. Required so consumers will know exactly what they are paying for credit so they can compare Annual Percentage Rate (APR) - The relationship between the cost of borrowing money and the total amount financed, represented by a percentage Usury Lending Law - Charging an interest rate that exceeds the legal limit (set by state)...

Real Estate State Exam for Ohio QuestiFiscal Policy - ANSWER Treasury Department Monetary Policy - ANSWER Federal Reserve Bond Truth In Lending Act - ANSWER To provide standard disclosure procedures that all lenders must follow. Required so consumers will know exactly what they are paying for credit so they can compare Annual Percentage Rate (APR) - ANSWER The relationship between the cost of borrowing money and the total amount financed, represented by a percentage Usury Lending Law...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 Olivia took out a 15-year loan secured with a deed of trust. She made her last payment this month. What happens now? - answerThe trustee grants a reconveyance deed to Olivia. - answer - answer - answer What is the reproduction cost? - answerthe cost to build an exact replica of the subject, with the same materials and deficiencies. Which fiduciary duty continues even after a transaction closes? - answerAcconting What i...

National And Missouri Real Estate Quiz 1 Mike Ed and Bob were concurrent owners of a parcel of RE. Ed died, and his interest passed according to his will. What was the ownership of the property? ️ B. Tenancy in common It is license renewal time, and Julie just realized she took six hours of core classes and six hours of elective classes. What should Julie do? ️ B. Julie is fine, the state requires at least three hours of core material. Able agent failed to complete his education ...

Law correct answers Law is a group of rules and regulations that line out how governments treat their people and the ability to enforce it. Regulatory Role of Law correct answers directs and standardizes activities that would otherwise be considered purely private interactions of individuals Executive Law Powers correct answers Executive Orders, Appoint Executive Officials and Judges Judicial Law Powers correct answers Common Law (Judge Made/Case Law), Interpret Law, Judicial Review ...

CPMSM - Study Guide Material Questions and Answers Latest Updated What are four models of HMOs? Staff Model Group Model Network Model Independent Practice Association (IPA) What are the four types of committees? Standing Ad hoc Task force Continuous quality improvement team How many medical staff members comprise a Bylaws Committee? 5 At least five active medical staff How many medical staff members comprise a Credentials Committee? 5 At least five active ...