An acceleration clause - Study guides, Class notes & Summaries
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED
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NATIONAL REAL ESTATE EXAM PRACTICE TEST ALREADY PASSED 
In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% 
A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act 
What happens to trade fixtures after a business moves out of a leased property? The tenant remo...
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PSI NATIONAL REAL ESTATE EXAM 2024-2025 LATEST TEST BANK EXAM WITH 500+ QUESTIONS AND CORRECT ANSWERS WITH RATIONALES ALREADY GRADED A+ (BRAND NEW!!)
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PSI NATIONAL REAL ESTATE EXAM LATEST TEST BANK EXAM WITH 500+ QUESTIONS AND CORRECT ANSWERS WITH RATIONALES ALREADY GRADED A+ (BRAND NEW!!) 
A buyer is getting a fully amortized loan for $220,000. The bank will give the 
buyer the loan for 15 years at 5 1/2% or for 30 years at 6 1/2%. To the nearest 
cent, what is the difference between the monthly payments for these two loans? 
(BE SURE TO USE THE AMORTIZATION TABLE.) - ANSWER-$409.20. 
A borrower has defaulted on the mortgage. The mortgag...
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WRA FINAL EXAM QUESTIONS AND ANSWERS.
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WRA FINAL EXAM QUESTIONS AND ANSWERS. 
0-Bedroom Dwelling 
ANSWER : Any residential dwelling in which the living area is not separated from the sleeping area 
Abstract of Title 
ANSWER : A condensed history of a property's title showing, in chronological sequence, matters such as 
conveyances, liens, and encumbrances that have been recorded against the title in the office of the 
register of deeds or other public recording place 
Acceleration Clause 
ANSWER : A clause within a mortgage permitti...
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NJ Title Insurance 2024 Real Verified Exam
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NJ Title Insurance 2024 Real Verified 
Exam 
Abandonment - CORRECT ANSWER-when someone with legal possession of property 
leaves without intention of reclaiming rights 
abstract of title - CORRECT ANSWER-A summary of the title history including all 
encumbrances. 
Acceleration clause - CORRECT ANSWER-Mortgage clause demanding full payment 
upon default 
accretion - CORRECT ANSWER-New land added by the elements, such as a river delta 
Accrued Depreciation - CORRECT ANSWER-Total of all deterio...
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Pearson Vue Practice Exam Questions and Answers Latest Updated 2024/2025 | Scored A+
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Pearson Vue Practice Exam Questions and Answers Latest Updated 2024/2025 | Scored A+. In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of 
agency to state ONLY those terms that are 
a. included in the listing agreement 
b. based on the brokers evaluation of prevailing prices and terms 
c. favorable for the seller, as determined by the broker 
d. attractive to buyers, as determined by the broker a. included in the listing agreement 
a lot ...
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PSI Real Estate Exam Study Questions with 100% Correct Verified Answers
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When a borrower defaults on a mortgage, an acceleration clause allows the lender the 
option of - Answer Demanding immediate payment of the entire loan balance. 
A property has a fair market value of $95,000 and is assessed at 50% of value. The tax 
rate is $55.00 per $1,000 of assessed value. What is the real estate tax for this property? 
- Answer $2,612.50
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Real Estate Exam FL Sales Associate Questions and Answers Already Graded A
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Absentee Owner A property owner who does not reside on the property and who usually 
relies on a property manager to oversee the investment 
Abstract of Title A compilation of the recorded documents relating to a parcel of land from 
which an attorney may give an opinion as to the condition of title (a history of title) 
Acceleration Clause A condition in a loan contract that permits the lender to require 
immediate repayment of the entire loan balance of the loan if the contract is breached or ...
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Real Estate U Texas Real Estate Finance Questions With Solutions Graded A+ 2024.
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An acceleration clause is included in which of the following...? 
The mortgage 
Both the promissory note and mortgage 
The promissory note 
The lien - Answer The promissory note? 
 
Collateral - - Answer Marketable real or personal property which a borrower pledges as security for a loan. In mortgage transactions, specific land is the collateral. 
 
Promissory Note - - Answer Following a loan commitment from the lender, the borrower signs a note, promising to repay the loan under stipulate...
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NMLS PRACTICE QUESTIONS WITH ALL CORRECT ANSWERS
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NMLS PRACTICE QUESTIONS WITH ALL CORRECT ANSWERS 
 
which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? - Answer-FEDERAL RESERVE SYSTEM 
 
the clause in a mortgage that allows the lender to foreclose if the borrower defaults is the - Answer-Acceleration Clause 
 
at closing a borrower may deposit funds to establish reserves for which of the following? - Answer-TAXES AND INSURANCE 
 
in a qualification of an applicant w...
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Arizona School of Real Estate & Business : Sales Exam 2023/2024 with 100% correct answers
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When a deed in lieu of foreclosure is given to a lender, which of the following is true? - correct answer Time and cost are less 
 
B buys land from W using a deed of trust as security for the carryback. B makes all the payments except the final three and is now in default. W does nothing and decides not to foreclose until later. By doing this W is exercising his right of: - correct answer Forbearance 
 
A commercial building is sold in a foreclosure for $100,000 less than the balance due th...
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