An appraisal can be co - Study guides, Class notes & Summaries

Xinnix Final Exam Questions and Answers 100% Pass On an FHA loan the upfront MIP should be included when calculating cash-to-close. - Answer- False The borrower must have 5% of their own funds when putting 15% down on a primary residence. (FNMA) - Answer- False A 3-Year ARM adjusts every 3 years - Answer- True A Loan Officer can locate the summary of the eligibility requirements for a loan to be sold to a specific lender/investor in the lender specs. - Answer- False A HELOC loan has an ...

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

Florida Personal Lines 20-44 Definitions Questions and Answers 100% Pass Abandonment Clause - Correct Answer ️️ -A clause often contained in property insurance policies stating that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value Accident - Correct Answer ️️ -A sudden fortuitous event Actual Cash Value (ACV) - Correct Answer ️️ -The cost to replace an item of property at the time of loss, less an allowance for depreciat...

"A" for Amps, "A" for the ______ of current available in a structure - Amount A banker decides not to lend in a community because of the infusion of people of a particular race, religion, or nationality. What is this called? - Red-lining A CMA (comparative market analysis) is not a/an ______ - Appraisal A lease for large unfinished space would be called a ____ lease - Loft A mortgage that covers and includes more than a single property is called _______ - Blanket A mortgage that financ...

The insurance policy issued to Adanac Shoes LTD. Provides for the settlement of all losses on an actual cash value basis. Generally, this has come to be understood as the replacement cost or repair cost of lost or damaged property less any deprivation. However, the Adanac's must be advised that ACV can be measured in terms of "money value", Explain: 1. straight line deprecation 2. plateau acceleration depreciation 3. income approach 1. Straight Line Depreciation: # of years that buildi...

ANCC IQ Domain • Domain 1: Scientific Foundation (40 questions with rationales) • Domain 2: Advanced Practice Skills (49 questions with rationales) • Domain 3: Diagnosis and Treatment (52 questions with rationales) • Domain 4: Psychotherapy and Related Theories (30 questions with rationales) • Domain 5: Ethical and Legal Principles (72 questions with rationales) ANCC Domain 1: Scientific Foundation (40 questions with rationales) As a PMHNP, you are aware of antipsychotic medic...

1/4 section - 160 acres A financial institution with deposits that are insured by the federal government agency and can sell mortgages - Freddie Mac (FHLMC) A percentage of market value and the value to which the tax rate is applied regarding your property? - Assessed value A person Performing real estate activities under the judgment of order of the court, such as the trustee in a bankruptcy, is? - Not required to have a real state license A property with ownership by more than one perso...

Florida 2-20 Agents License Exam Questions with 100% Correct Answers The Florida Surplus Service Lines Office (FSLSO) was created to - Correct Answer ️️ -oversee the surplus lines industry in the state Which of the following is NOT a required qualification for a General Lines Agent: - Correct Answer ️️ -Seeking the license only to write controlled business The Department of Financial Services performs the following, EXCEPT: - Correct Answer ️️ -Pays insurance claims Once lice...

Real Estate Salesperson National Prep Exam 1 Already Passed John owns a dominant estate with an easement appurtenant. John sells the property. What happens to the easement? It belongs to the buyer A seller shows a house with all ceiling fans. A buyer purchases a home. After closing, all ceiling fans are gone. What is true? The seller is not entitled to take the ceiling fans because they are fixtures to the property Married person owns commercial property with three other parties. ...

Defect/Cloud in the title Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: Has no specific expiration but the length is specified (like a month to month lease) Net Lease lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession A person takes possession & use of a property belonging to another. Possession must be o...