Real estate terminology - Study guides, Class notes & Summaries

Math Calculation - Principal, Interest, and Term - ANSWER Principal: the amount of the loan itself Interest: money paid at a particular rate for the use of money loaned to a person or entity Term: the term of the debt obligation(s) Real Estate Transaction Terminology - ANSWER Funding: process of transferring funds to a title or escrow company for disbursement Servicing: includes sending monthly payment statements and collecting monthly payments, maintaining records of payments and...

REAL ESTATE TERMINOLOGY EXAM 2024 Updated A summary of digest of the conveyance, transfer and any othe facts elide on as evidence of title, together with any other elements of record which may impair the title - Answer -ABSTRACT OF TITLE A clause in a trust deed or mortgage giving the lender the right to call all sums owing him to be immediately due andpayable upon the happening of a certain event - Answer -ACCELERATION CLAUSE The right of the owner to everything produced, incorporated or a...

Florida Real Estate Exam Terminology With Complete Solutions

Champions Real Estate Finance (Exam Review)Rated 100% Correct!!

Succession Succession: - This aspect of law deals with what happens to an estate (the assets you leave behind) after you pass away. - Estate = the assets, obligations, liabilities, debts, etc. that you leave behind. - Inheritance = what is left once all the debts and liabilities have been paid. - Succession determines who qualifies to inherit. There are 2 types of succession: - 1) Testate = dealing with wills. - 2) Intestate = dealing with no wills. Terminology: - Deceased = person w...

Real Estate Finance (Exam Review)QueVA Loan Requirements - ANSWERS- must be honorably discharged - must meet service requirements - time frame of service; number of days active duty - must obtain certificate of eligibility (COE) Loan Terminology - origination, funding, underwriting, servicing - ANSWERS1) Origination - process of creating a new mortgage loan; includes steps to attract and qualify a borrower 2) Funding - process of transferring funds to a title or escrow company for disbu...

1-Introduction to Real Estate Exam 1 Review |Graded A+| real estate salesperson existence dependent on *Ans* broker broker *Ans* one who is licensed to represent another persona in a real estate transaction with the intent to revive compensation or valuable consideration who/what can be a broker *Ans* person partnership association limited liability partnership corporation what does broker do (5) *Ans* sell list leases exchanges negotiate FOR A FEE salesperson aka *Ans* associa...

SIE Securities Industry Essentials Exam LICENSE EXAM MANUAL 3RD EDITION Contents SIE Exam and Industry Introduction 1 What Is the SIE? 1 How the Exam Is Structured 1 How to Make an Exam Appointment 2 On the Day of Your Exam 3 Knopman Marks Method 4 Financial Industry Introduction 5 Regulatory Entities and Agencies 6 Market Participants 7 Section 1: Understanding Products and Their Risks 11 1. Equity Securitie...

VA Loan Requirements - ANSWERS- must be honorably discharged - must meet service requirements - time frame of service; number of days active duty - must obtain certificate of eligibility (COE) Loan Terminology - origination, funding, underwriting, servicing - ANSWERS1) Origination - process of creating a new mortgage loan; includes steps to attract and qualify a borrower 2) Funding - process of transferring funds to a title or escrow company for disbursement 3) Underwriting - process...

Real Estate Finance Champions Stud VA loan requirements - ANSWERS· Must be honorably discharged · Must meet service requirements · Time frame of service; number of days active duty · Must obtain certificate of eligibility Loan terminology - origination, funding, underwriting, servicing - ANSWERS· Origination: Process of creating a new mortgage loan; includes steps to attract and qualify a borrower · Funding: Process of transferring funds to a title or escrow company for disbursemen...