Lender - Study guides, Class notes & Summaries

Written documents affecting a title to real estate are recorded: A. where the titleholder resides B. where the titleholder has legal residence C. at the county clerk's office where the property is located D. at any county clerk's office in Texas (Ans - C. at the county clerk's office where the property is located A person appointed by a court to settle the estate of a deceased person when the executor cannot perform or refuses to perform is: A. another executor B. a legate...

Colibri Real Estate Practice Final Exam 2024 Questions with 100% Verified Correct Answers Rated A+ Why is the condition of bearing walls more important than non bearing walls? - Correct Answer Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has - Correct Answer transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? - Correc...

In the highest and best use analysis, when an appraiser is evaluating the land as though vacant, what is one of the four criteria the appraiser will evaluate? (Ans- the physical possibility of an intended use the appraiser's collection of supply and demand data has application to what areas of the data collection process? (Ans- both market area data and comparable property data In the appraiser's data collection process that involves a market value assignment, which of the following ...

Chapter 03 Financial Services: Finance Companies     
True / False Questions
  1. Finance companies differ from banks in that they do not accept deposits. 
TRUE   2. Finance companies have been among the slowest growing FI groups in recent years. 
FALSE   3. General Electric Capital Corporation (GECC) provides services to more than 15 million businesses and consumer is Asia alone. 
TRUE   4. In 2008, GE Capital Corporation accounted for approximately 50 percent...

PSI NJ Real Estate Exam, PSI Practice Test. 2024, 136 Questions and Correct Answers. Water Rights The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is an agent to the broker and a subagent to the principal. Depreciation is calculated based on the Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of th...

Lender Interest Provisions - Answer Protects lender interest by allowing the lender certain rights in the policy. Coinsurance Penalty - Answer A property insurance provision that penalizes the insured's loss recovery if the limit of insurance purchased by the insured is not equal to or greater than a specified percentage (commonly 80 percent) of the value of the insured property. Underinsured - Answer A situation resulting from a failure to carry enough coverage on the value of a property...

SC Property Management Exam Questions with Complete Solutions | 100 % Correct | 2024 Update Residential Landlord and Tenant Act - Answer ️️ -Created in 1986 Residential Landlord and Tenant Act - Purpose - Answer ️️ -Simplify, clarify, modernize, and revise the law governing rental of dwelling units and the rights, obligations of landlords and tenants. To encourage landlords and tenants to maintain and improve the quality of housing. Administration Remedy - Answer ️️ -Any right ...

A Tennessee licensee must use the "Exclusive Right to Sell" form required by the licensee's broker. According to the level of authority delegated to the agent, the usual real estate agency is a limited agency. When must the contract be in writing? John is agreeing to sell his shed to Shawn for $1,000. One disadvantage in using active listings for comparables is they provide somewhat dubious comparisons because listing prices are not selling prices. Why is it sometimes necessary to inclu...

appraisal - ANSWER-defined as an appraiser's opinion of value. Loan-to-Value Ratio (LTV) - ANSWER-is the percentage of value or sales price that a lender is willing to finance. Principle of Substitution - ANSWER-According to this principle, a commodity's value is influenced by the cost of acquiring a substitute or comparable item. Principle of Regression - ANSWER-The presence of lower-priced properties in the area will cause a decline in the value of the subject property. Principle...

South African Constitutional Law in Context 2e offers a comprehensive, clear, and concise introduction to the study of South African constitutional law. Situated within a framework of historical, political, social and economic context, the text invites readers to discover the meaning, operation and effects of the South African Constitution, and to understand its critical importance and potential. The text balances an accurate description of the most authoritative interpretation of the constituti...