Texas real estate stuvia - Study guides, Class notes & Summaries

AYPO REAL ESTATE PRINCIPLES 1 EXAM QUESTIONS AND ANSWERS 100% ACCURATE AYPO REAL ESTATE PRINCIPLES 1 EXAM QUESTIONS AND ANSWERS 100% ACCURATE AYPO REAL ESTATE PRINCIPLES 1 EXAM QUESTIONS AND ANSWERS 100% ACCURATE The Texas Real Estate Commission consists of members appointed by the governor with the advice and consent of the: Senate. What is their composition? - None of these answers are correct - Six members who have been engaged in the brokerage business as licensed brokers as the...

commercial property - ANSWERSA real estate specialty. Commercial property includes: Office buildings, Retail Stores, gas stations Industrial property - ANSWERSIncludes commercial property used for: manufacturing, storage, distribution centers, research, warehousing Home inspector - ANSWERSA professional (that requires their own licensing) who performs a visual assessment of a property's physical condition for a buyer or seller. Prepares report of findings. Indestructibility - ANSWERS(P...

Texas Real Estate Finance Final Exam Questions And Answers 100% Correct! Texas Real Estate Finance Final Exam Questions And Answers 100% Correct! Texas Real Estate Finance Final Exam Questions And Answers 100% Correct! Texas Real Estate Finance Final Exam Questions And Answers 100% Correct! Texas Real Estate Finance Final Exam Questions And Answers 100% Correct! Texas Real Estate Finance Final Exam Questions And Answers 100% Correct! Texas Real Estate Finance Final Exam Questio...

Loan Processing - ANSWER-The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision. Underwriting - ANSWER-The process of evaluating a borrowers loan application to determine the risk involved for the lender. Funding - ANSWER-The process of transferring funds to a title or escrow company for disbursement. Servicing - ANSWER-Sending monthly payment statements and collecting monthly payments, maintaining payment ...

Real Estate: Texas Law of Agency questions and answers

Home inspector - ANSWER-A professional (that requires their own licensing) who performs a visual assessment of a property's physical condition for a buyer or seller. Prepares report of findings. Indestructibility - ANSWER-(Physical durability) Land is permanent. It can not be destroyed. Fixity - ANSWER-Land can not be moved. Geographic characteristic. situs - ANSWER-Desirability of a location. Economic preference for a location. Real Estate Law basis - ANSWER-All RE law begins with ...

Home Equity Conversion Mortgage (HECM) is also known as a(n): - ANSWER reverse mortgage the ______________ act created the consumer financial protection bureau (CFPB) - ANSWER Dodd-Frank what are fees paid to the lender to compensate the loan company or bank for evaluating, processing, and approving a mortgage? - ANSWER origination points a house has 3 distinct rectangular shapes: A=20'x30' B=10'x10' C=75'x50' what is the square footage total? - ANSWER 4450 ft2 in a "c...

What purpose do the Bureau of Land Management, Forest Service, Fish and Wildlife Service, and National Parks System serve? - ANSWER They are federal agencies that control public land. The escrow fees are $500 to be split equally between the parties. How should this appear on the closing statement? - ANSWER $250 debit to buyer, $250 debit to seller. Jennifer and Mallory, a buyer and a seller, are going through the closing process of their real estate transaction. In their transaction, lik...

A REMIC holds commercial and residential mortgages in trust, assembles the mortgages into pools based on risk, and issues bonds (securities) on these pools to sell to investors in the: - ANSWERS- secondary mortgage market Which of the following is NOT a role of the Federal Reserve System? - ANSWERS- to make direct loans to homebuyers A tenant suffers repeated domestic violence from her husband. She gets a protective order and moves out. Under Texas law, is she still liable for her share...

What is the name of the sworn statement in which the seller assures the title company (and the buyer) that there are no liens, unpaid bills for repairs or improvements, or undisclosed defects in the title? - ANSWER affidavits as to debts and liens Tax incentives that cover the cost of energy-efficient improvements, EEMs, and Energy Star-qualified homes are examples of: - ANSWER green initiatives Which of the following borrowers would be MOST likely to use a graduated-payment mortgage? - ...