Aceableagent - Study guides, Class notes & Summaries

AceableAgent state exam study set

AceableAgent state exam study set

REO - ANSWERSWhat term describes a property that is owned by a lender because a third-party buyer couldn't be found at a foreclosure auction? Real Estate Mortgage Investment Conduit (REMIC) - ANSWERSA type of SPV that holds commercial and residential mortgages in trust, assembles said mortgages into pools based on risk, and issues bonds (securities) on these pools to sell to investors in the secondary mortgage market is a(n): a concession - ANSWERSJulio considers leasing an apartment unit...

Which of these is a red flag for predatory lending? correct answersThere are unexpected, undisclosed lender fees that appear at closing. Percy is a broker who oversees three agents. If one of the agents violates the law, which of the following is TRUE of Percy? correct answersBecause of his vicarious liability Percy may be held liable for the agents actions. The government seizes Farsch's property to expand a highway. What is this an example of? correct answersEminent domain and involunta...

AceableAgent Real Estate Principals 2 Solved 100% Correct |2024/2025 Correct Questions and Answers

AceableAgent state exam study set Question and answer rated A+ 2023 Nine members How many members does TREC have? Six brokers, three non licensed members What do TREC's members consist of? Six year terms How many years do TREC members serve? 13 members How many members does the Broker lawyer committee consist of? Six attorneys, six brokers. 1 public member appointed by governor What type of members is the Broker Lawyer committee comprised of?

AceableAgent state exam study set 2023/2024

Which of these is a red flag for predatory lending?  There are unexpected, undisclosed lender fees that appear at closing. Percy is a broker who oversees three agents. If one of the agents violates the law, which of the following is TRUE of Percy?  Because of his vicarious liability Percy may be held liable for the agents actions. The government seizes Farsch's property to expand a highway. What is this an example of?  Eminent domain and involuntary alienation What do the sta...

Real Estate Practice Exam 2 AceableAgent Questions And AnswersA+GRADED(Download to pass!!!) Which of these is a red flag for predatory lending? - correct answer...There are unexpected, undisclosed lender fees that appear at closing. Percy is a broker who oversees three agents. If one of the agents violates the law, which of the following is TRUE of Percy? - correct answer...Because of his vicarious liability Percy may be held liable for the agents actions. The government seizes Farsch'...

Nine members correct answersHow many members does TREC have? Six brokers, three non licensed members correct answersWhat do TREC's members consist of? Six year terms correct answersHow many years do TREC members serve? 13 members correct answersHow many members does the Broker lawyer committee consist of? Six attorneys, six brokers. 1 public member appointed by governor correct answersWhat type of members is the Broker Lawyer committee comprised of? 7 license holders with at leas...