Mortgage agent Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Mortgage agent? On this page you'll find 4271 study documents about Mortgage agent.
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Mortgage Agent Final Exam prep 2023 Graded A+
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Mortgage Agent Final Exam prep 2023 Graded A+ 
 
1. Briefly describe when a Mortgage Agent would be required to obtain the following documents from an applicant. 
a) T4: typically when a Borrower has salaried or hourly employment income 
b) T4A: typically when a Borrower has commission income 
c) Job Letter: typically when a Borrower's income or position information is required 
d) Paystub: typically in addition to a Job Letter to confirm that the individual is still employed and that the YTD i...
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Mortgage Agent Top Compulsory Exam Questions and CORRECT Answers
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This will determine what land can be used for residential, commercial, industrial, agricultural 
among others Municipal Plans 
ABC Mortgage Administrators Inc. is moving their office. What do they need to do? 
ABC Mortgage Administrators Inc. must notify the FSRA with 5 days of the change. 
Which of the following occur if a brokerages license expires? All agents of the 
brokerage will automatically be suspended. 
A brokerage must disclose the following- The name of the lender, if any with whom...
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CA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS LATEST
- Exam (elaborations) • 35 pages • 2024
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CA LIFE INSURANCE EXAM QUESTIONS 
AND ANSWERS LATEST 
J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd 
birthday and realizes that she wants to use her rider and buy more death benefit. Which 
of the following will apply to J's request? 
A: The insurer will allow J to add more insurance without proving insurability. 
B: The insurer will allow J to add more insurance pending a paramedical exam. 
C: The insurer will deny J's request to add more insu...
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Mortgage Agent Final Exam Prep Questions with Answers 2023/2024 (Graded A+)
- Exam (elaborations) • 22 pages • 2023
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Mortgage Agent Final Exam Prep Questions with Answers 2023/2024 (Graded A+). What is a Certificate of Independent Legal Advice and under what circumstances 
would it be required? - ANSWER This document proves that an individual has 
been given advice by his or her lawyer with regards to the proposed mortgage. It is 
usually required when the proceeds of a refinance are being provided to a third 
party and not the Borrower or if the loan is a reverse mortgage. 
On a T4A slip in Box 61 what inform...
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California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified
- Exam (elaborations) • 48 pages • 2023
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California Real Estate Exam: Questions & Answers Latest Update 2023/2024 100% Verified. Reed vs. King Case 
(Ans- Must disclose death (and manner of death) on a property if occurs 
within 3 years, except AIDS 
Jones vs. Mayer Supreme Court Decision (1968) 
(Ans- Racial discrimination not allowed (whether selling or buying) in all 
PRIVATE property transactions (based on Civil Rights Act of 1968) 
Easton vs Strassburgar 
(Ans- Seller disclosures to third parties AND agent visual inspection of all...
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Mortgage Agent Final Exam prep 2023 Graded A+
- Exam (elaborations) • 12 pages • 2023
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Mortgage Agent Final Exam prep 2023 Graded A+ 
 
1. Briefly describe when a Mortgage Agent would be required to obtain the following documents from an applicant. 
a) T4: typically when a Borrower has salaried or hourly employment income 
b) T4A: typically when a Borrower has commission income 
c) Job Letter: typically when a Borrower's income or position information is required 
d) Paystub: typically in addition to a Job Letter to confirm that the individual is still employed and that the YTD i...
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Superior School of Real Estate Final | 110 Questions With 100% Correct Answers.
- Exam (elaborations) • 16 pages • 2023
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Which of the following would create legally binding acceptance of a written offer? -The seller's 
agent emails the buyer's agent that the seller signed the offer as written. 
A broker is preparing a comparative market analysis (CMA) for a subject property with 3200 square feet. 
A comparable property has 2750 square feet. The estimated value of 450 additional square feet is 
$22,500. The broker should... -Add $22,500 to the sales price of the comparable property. 
An option to purchase has bee...
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Nevada Real Estate Exam Questions and Answers (Graded A)
- Exam (elaborations) • 37 pages • 2023
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Nevada Real Estate Exam Questions and Answers (Graded A)Nevada Real Estate Exam Questions and Answers (Graded A)Nevada Real Estate Exam Questions and Answers (Graded A)Nevada Real Estate Exam Questions and Answers (Graded A)What is the minimum balance of the real estate education, research, and recovery fund? 
A) $300,000. 
B) $100,000. 
C) $250,000. 
D) $500,000. - ANSWER-a 
 
2. How long after the signing of a contract for the purchase of a lot in NV or anywhere else may the purchaser cancel t...
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NC Life Insurance Exam Prep Questions and Answers Already Passed
- Exam (elaborations) • 38 pages • 2023
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NC Life Insurance Exam Prep Questions and Answers Already Passed 
An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide 
All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents 
What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled 
An agent who signs a blank contract application or policy of insu...
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NYS Real Estate Exam 2024
- Exam (elaborations) • 27 pages • 2024
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NYS Real Estate Exam 2024 
Which of the following is considered a fixed operating expense? utilities, cleaning expenses, 
insurance premiums, management fees. - Answer ️️ -Insurance Premiums 
What is overage rent? - Answer ️️ -Rent calculated on a percentage of sales volume 
what is the amount a buyer owes at closing equal to? - Answer ️️ -The excess of the buyers 
debits over the buyers credits 
real estate agents are typically what kind of agent - Answer ️️ -special agent 
what...
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