Origination points - Study guides, Class notes & Summaries

Superior School Of Real Estate Exam QUESTIONS & Revised CORRECT ANSWERS <UPDATED&ALREADYPASSED> Which of the following would create legally binding acceptance of a written offer? - ANSWER : 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 fe...

PRINCIPAL - ANSWER-What is the term that describes the money that is lent? CASH TO CLOSE - ANSWER-Down payment minus earnest money? TOTAL SALES PRICE - ANSWER-Loan payment + loan principal? ORIGINATION POINTS - ANSWER-Loan points/fees charged 1% to compensate loan officers for underwriting and administering the loan. DISCOUNT POINTS - ANSWER-Loan points/fees charged 1% in exchange for a lower interest rate on the loan. DAY OF CLOSING - ANSWER-When is the seller responsible for pro...

Post-Licensing Practice Exam for Florida Real Estate Sales Associates Accurate 100% FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party cancels in writing. The listing contract is - ANSWER void. Unlicensed personal assistants - ANSWER who are dir...

FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party cancels in writing. The listing contract is void. Unlicensed personal assistants who are directed by the sales associate in how to do their jobs cannot be classified as independent contractors, and...

If the base side of a triangular plot measures 45' and the height line measures 12', what is the area of the plot in square feet?([b x h] x ½ = A) 270 square feet An applicant is allowed to use what electronic devices during the real estate exam? Handheld calculator Convert the following fraction to a decimal for ease of computation: 31/25 1.24 What is the general formula to determine Capital Gain? Profit from Sale - Base Value = Capital Gain A property owner borrows $490,000 at a 12% i...

Champions School of Real Estate - Real Estate Finance Latest Update Rated A+ A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) Non- Conforming Loan VA Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity Cash price minus the loan balance A clause often found in a blanket loan allowing the borrower to obtain partial releases of specific lots by making required lump sum payments. Release Clause ...

parcel portion of land delineated by boundaries • Real property ownership of real estate and the bundle of rights associated with owning the real estate. • Personal property ownership of anything that is not real estate, and the rights associated with owning the personal property item • Tangible property physical, visible, and material Intangible property abstract, having no physical existence in itself, other than as evidence of one's ownership interest. ...

TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - Answer Formulas to calculate commission? PRINCIPAL - Answer What is the term that describes the money that is lent? CASH TO CLOSE - Answer Down payment minus earnest money? TOTAL SALES PRICE - Answer Loan payment + loan principal? ORIGINATION POINTS - Answer Loan points/fees charged 1% to compensate loan officers for underwriting and administering the loan. DISCOUNT POINTS - Answer Loa...

FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party cancels in writing. The listing contract is - ANSWER void. Unlicensed personal assistants - ANSWER who are directed by the sales associate in how to do their jobs cannot be classified as independent ...

Aceable Agen4 Question and answers already passed 2023/2024TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - Formulas to calculate commission? PRINCIPAL - What is the term that describes the money that is lent? CASH TO CLOSE - Down payment minus earnest money? TOTAL SALES PRICE - Loan payment + loan principal? ORIGINATION POINTS - Loan points/fees charged 1% to compensate loan officers for underwriting and administering the loan. DISCOUNT POINTS - Loan...