Sellers disclosure - Study guides, Class notes & Summaries

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MLO SAFE NMLS EXAM 2024 WITH 100% CORRECT ANSWERS
  • MLO SAFE NMLS EXAM 2024 WITH 100% CORRECT ANSWERS

  • Exam (elaborations) • 38 pages • 2024
  • Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. Answer - Predatory Lending. RESPA-Real Estate Settlement Procedures Act Answer - The Federal Statute that deals with the settlement of residential mortgage loans. RESPA's section 9 Prohibits Answer - Home sellers from requiring home buyers to purchase title insurance f...
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REAL ESTATE LICENSE EXAM Questions Solved 100% Correct| Verified
  • REAL ESTATE LICENSE EXAM Questions Solved 100% Correct| Verified

  • Exam (elaborations) • 211 pages • 2024
  • which disclosure regarding radon is required when purchasing or leasing real property in FL? a. a disclosure statement in the contract indicating that the house has been tested for radon and that the test indicated a safe level of radon b. an estimate of the cost for a required radon test c. a disclosure statement in the contract indicating that the seller is required to have the property tested for radon at the sellers expense if requested by the buyer d. a disclosure statement in the co...
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MLO SAFE NMLS SAFE EXAM 2024 WITH 100% CORRECT ANSWERS
  • MLO SAFE NMLS SAFE EXAM 2024 WITH 100% CORRECT ANSWERS

  • Exam (elaborations) • 38 pages • 2024
  • MLO SAFE NMLS SAFE EXAM 2024 WITH 100% CORRECT ANSWERS Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. - correct answer Predatory Lending. RESPA-Real Estate Settlement Procedures Act - correct answer The Federal Statute that deals with the settlement of residential mortgage loans. RESPA's section 9 Prohibits - cor...
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Moseley Pre License State Exam Prep Questions with 100% correct answers
  • Moseley Pre License State Exam Prep Questions with 100% correct answers

  • Exam (elaborations) • 34 pages • 2024
  • An applicant must meet which of the following requirements in order to become a salesperson or broker? Select one: A. Be at least 18 years of age B. Be a US citizen C. Hold degree in real estate D. Be a Virginia resident for at least 1 year correct answersBe at least 18 years of age A salesperson contacts a neighborhood FSBO about listing the house with her firm. When is agency disclosure required? Select one: A. At the first meeting between the FSBO and the agent B. Before the ...
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PSI Real Estate 2024 Test Updated
  • PSI Real Estate 2024 Test Updated

  • Exam (elaborations) • 31 pages • 2024
  • If an owner wants to list a property for sale "as is", the listing agent should Questions the seller to any know defects - Question the seller to any known defects When valuing a three- bedroom home in a neighborhood a very similar properties, one- comparable has four bedrooms. After determining the fourth bedroom at approximately $8000 to a homeowners value, what adjustment should be made? Subtract $8,000 from the value of the comparable property - Subtract $8,000 from the value of the com...
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Texas Law of Contracts: Quiz Questions & Answers(2024 LATEST UPDATE)
  • Texas Law of Contracts: Quiz Questions & Answers(2024 LATEST UPDATE)

  • Exam (elaborations) • 19 pages • 2024
  • Consumers - ANSWER The DTPA helps protect...? Agents Consumers Sellers Attorneys Before the Prospective Buyer Makes an Offer - ANSWER In order to help prevent the buyer from withdrawing their offer, when should a seller provide a prospective buyer with the property disclosure form...? After the contract is signed with the prospective buyer Before the prospective buyer makes an offer After the prospective buyer's offer is accepted After the prospective buyer's home inspector cond...
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COLORADO FORMS AND CONTRACTS QUESTIONS AND ANSWERS REAL/ VERIFIED| latest update 2024/25|
  • COLORADO FORMS AND CONTRACTS QUESTIONS AND ANSWERS REAL/ VERIFIED| latest update 2024/25|

  • Exam (elaborations) • 23 pages • 2024
  • COLORADO FORMS AND CONTRACTS QUESTIONS AND ANSWERS REAL/ VERIFIED The buyer executes an inspection objection form on the inspection objection date. The seller does not respond by the inspection resolution date. The buyer asked for a repair to a cracked sewer line and a faulty gas valve on the furnace. They also wanted a broken window repaired. This home has fallen out of contract and is back on the market. Does the seller need to disclose the sewer line and gas valve to the next buyer? ...
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20-HR SAFE Comprehensive Mortgage Loan Originator Fundamentals HW 100%  Pass
  • 20-HR SAFE Comprehensive Mortgage Loan Originator Fundamentals HW 100% Pass

  • Exam (elaborations) • 24 pages • 2024
  • Available in package deal
  • 20-HR SAFE Comprehensive Mortgage Loan Originator Fundamentals HW 100% Pass Mortgage loan originators who make cold calls must comply with the requirements of the National Do-Not-Call rules. The loan originator needs to update any download of the registry at least every: 31 days 18 Months 7 days Year 31 Days The appraisal approach that is used as the best indicator of value for existing properties is: Similar property approach Fair market value approach Market data approac...
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Hawaii Real Estate Exam | 100% Correct Answers | Verified | Latest 2024 Version
  • Hawaii Real Estate Exam | 100% Correct Answers | Verified | Latest 2024 Version

  • Exam (elaborations) • 40 pages • 2024
  • Available in package deal
  • What is Hawaii's residential property disclosure form? A.) A statement of the condition the home will be in after repairs are completed B.) A statement that lists all home upgrades the seller made C.) A statement that outlines the home repairs made in the past five years D.) A statement the seller provides to the buyer that outlines all known property defects - D.) A statement the seller provides to the buyer that outlines all known property defects Which of these acknowledgments do buyer...
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Virginia State & National Real Estate Exam Question Bank CE Workshop 2024 Questions & Answers | 100% Correct | Verified
  • Virginia State & National Real Estate Exam Question Bank CE Workshop 2024 Questions & Answers | 100% Correct | Verified

  • Exam (elaborations) • 18 pages • 2024
  • Available in package deal
  • Should licensees be careful when interacting with opposing parties with limited service agents and why? - Yes, it will create an unintended dual-agency. In VA, the floodplain consists of a flood way and a - Flood Fringe How long does a licensee have to provide an owners association request to a client in a condo? - 14 days after written request What is the name for the regulatory board for condominiums in VA? - Common Interest Community Board or CICB What is the name of the clause that pr...
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