Hypothecation - Study guides, Class notes & Summaries

Maine Real Estate Questions Marth lives on one side of a two-family house. She wants to advertise the other side as non-smoking. Can she legally do so? - correct answer Yes, because the right to smoke is not protected by law. Under the Equal Credit Opportunity Act (ECOA) a lender does not have to offer a loan to: a.) a recipient of food stamps b.) recipient of social security c.) a 90-year-old man looking for a 30-year mortgage d.) a recipient of public assistance with poor credit hist...

Colorado Real Estate Exam Prep Questions and Answers 100% Pass Title Theory - Correct Answer ️️ -lender owns, borrower has equitable title Hypothecation - Correct Answer ️️ -pledging property as collateral for a loan without giving up possession Mortgagee - Correct Answer ️️ -Lender Mortgagor - Correct Answer ️️ -borrower Non Judicial foreclosure - Correct Answer ️️ -*CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after ...

What is the difference between limited and full discretion with regard to an account where the representative has trading authority? correct answers Limited: the ability to buy and sell securities. Full: same as limited, but includes the ability to extract funds. What additional authorizations and forms are required for full discretion for a representative as compared to limited discretion? correct answers Written authorization from client. Written acceptance by a registered principal (Seri...

Real Estate Finance Test of the following clauses in a loan agreement enable the lender to demand the entire remaining dept be paid immediately EXCEPT a/n a. due-on-sale clause b. alienation clause c. defeasance clause d. acceleration clause - ANSWER defeasance clause A real estate loan payable in periodic installments that are sufficient to pay the principal in full during the term of the loan is called a a. straight loan b. partially amortized loan c. conventional loan d. fully am...

Affixed -:- Typically in reference to mineral, water, or surface rights, resources that go with the property are affixed. Annexation -:- The process of personal property becoming real property. With reference to subsurface rights, annexation is adding water or mineral rights to the property. Legal tests include method of annexation, adaptability, relationship of the parties. Appurtenance -:- Something that comes with real property. Water or a well, or an easement could be an ap...

©BRAINBARTER 2024/2025 Utah Real Estate Class Arti Study Guide. Chapter 1 Affixed - answerTypically in reference to mineral, water, or surface rights, resources that go with the property are affixed. Annexation - answerThe process of personal property becoming real property. With reference to subsurface rights, annexation is adding water or mineral rights to the property. Legal tests include method of annexation, adaptability, relationship of the parties. Appurtenance - answerSomething ...

Phil owns shares in a corporation that gives him the right in a unit of a building that is owned by the corporation. Phil lives in a... A) condo B) cooperative C) leasehold estate D) timeshare - b Suellen meets with licensee Nick to discuss selling the home where she has lived for 30 years. Suellen wants to purchase a condo in a new community and have enough to buy some new furniture without going into debt. She tells Nick she needs to make $215,000 on the sale. Anything he can get over ...

IACCP (MASTER TERMS) EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Assignment Correct Answer: Any direct or indirect transfer or hypothecation of an investment advisory contract by the assignor Who is not an Investment Advisor? Correct Answer: A Bank, Lawyer, accountant, engineer, teach whose performance of such services is solely incidental to the practice of his profession, Broker-dealer (commission only)published of any bona fide newspaper, magazi...

Requirement that the infrastructure for sanitary sewers, potable water, and waste treatment facilities be in place before new development is allowed is the - Answer-Concurrency Provision The only active general partner in a real estate brokerage partnership has his license suspended. All of the licenses of the sales associates in that brokerage are - Answer-placed in inactive status Legal Title always passes from the seller to the buyer - Answer-When the deed is voluntarily delivered and vo...

Champions Real Estate Finance Exam (2024) || Questions & Answers (Rated A+) Champions Real Estate Finance Exam (2024) || Questions & Answers (Rated A+) Mortgage - ANSWER - A pledge of real property as security for a debt. Deed of Trust - ANSWER - A three party loan instrument - borrower, lender and trustee. Note, Promissory Note - ANSWER - A personal promise to repay a debt. Mortgagor - ANSWER - Borrower under a mortgage Mortgagee - ANSWER - Lender under a mortgage Beneficiary...