Mls ga - Study guides, Class notes & Summaries

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GA MLS Real Estate Practical Final Exam Latest Update with Verified Solutions "Assume and Agree" to Pay Assuming borrower defaults payment, the bank will go to assuming borrower for the payment If the bank cannot collect from the assuming borrower, they will go to the original borrower "Subject to" Existing Mortgage Assuming borrower will give/pay the seller equity upfront If assuming borrower fails payment, original borrower liable Acceleration Clause The clause un a mortgag...

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GA MLS midterm review Questions and Answers 100% Solved Conditions of terminating a contract REEP SAD -Revocation (client) or Renunciation (agent) -Expiration -Extinction -Performance (BEST WAY TO TERMINATE CONTRACT!!) -Supervening Illegality (eminent domain) -Agreement -Death Bundle of Legal rights Ownership rights to real property DEEP-C disposition enjoyment exclusion Possession control Economic Characteristics of Real Estate SLIP: