Susan owns a - Study guides, Class notes & Summaries

Maine real estate exam prep questions and answers 2023 All of the following are real property EXCEPT - ANS ️️ A Portable Basketball hoop A metes and bounds description of real property relies on - ANS ️️ A point of beginning, measurement of distances, and directions on a compass Fee simple ownership describes - ANS ️️ Current ownership A life estate interest describes - ANS ️️ Future ownership Which of the following statements about Susan, the tenant of a life estate, is ...

Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 $1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway at the back of the 22 acres Pam owns. She has ...

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Florida Real Estate Exam Questions and Answers 2023 150 QUESTIONS AND ANSWERS Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - Correct answer-$1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 ...

Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - correct answer -$1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway at the back of the 22 acre...

LML4805 PORTFOLIO MEMO - OCT./NOV. 2023 - SEMESTER 2 - UNISA - DUE 24 OCTOBER 2023 - DETAILED ANSWERS WITH FOOTNOTES & BIBLIOGRAPHY- DISTINCTION GUARANTEED! Question 1 (a) An insured is under a duty to disclose material facts to the insurer prior to the conclusion of an insurance contract. However, this duty is not unlimited and there are several instances where, even if the facts in question are material, the insured need not disclose it. Discuss five such instances where an insured do...

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WISE Practice Test 2 Exam Questions With 100% Correct Answers 2024/2025 What should a person do when he believes he is being charged too high a rate of interest for a loan by a lending institution? Notify the lending institution about state usury laws. Which is the best example of a way to reduce fees paid for ATM transactions? When making supermarket purchases with a debit card, a person adds $50 in cash to the transaction instead of using an ATM machine. A person owns a stock tha...

ALABAMA INSURANCE TEST ALREADY GRADED Which welfare program provides assistance to the needy? ️Medicaid Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's beneficiary is a(n): ️revocable beneficiary Within how many calendar days must all clean electronic health insurance claims be paid in Alabama? ️30 Which type of term policy allows the policyowner to switch to permanent insurance? ️Convertible term What does renewable t...

If you are denied credit based on your credit report, you are entitled to a: - Correct Answer : A: Free copy of the credit report if you request it within 60 days Reason : If requested within 60 days after the denial, you must be provided with a free copy of the credit report from the specific credit reporting agency whose report was the basis for credit, employment, insurance, or housing denial. At all other times, there is a small fee to get a credit report. Consumer Credit Counseling S...