B a bridge loan Study guides, Class notes & Summaries

Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...

Ch 8 Pearson VUE - Real Estate Math Calculations. Multiple Choice Questions And Correct Answers I. An office manager was paid $1,000 per month plus 0.0025% (1/4) of one percent of all office sales. In November, she received $2,780. This amount was based on monthly sales of A. $556,000. B. $712,000. C. $912,000. D. $1,112,000. B $2,780 - $1,000 (salary) = $1,780 attributable to sales $1,780 / 0.0025% = $712,000 total office sales 2. What investment is necessary for a yield of $500...

PREP XL Exam Review Questions and answers, rated A+ This term refers to the practice of adjusting certain types of non-taxable income during underwriting. A.Flopping B.Inflating C.Ballparking D.Grossing up - -grossing up (Certain types of income may be grossed-up during underwriting. Underwriters may gross-up Social Security income, child support, and some other forms of income, subject to limitations based on product type and other guidelines) Which of the following is true when a mo...

PA Real Estate National Exam Questions and Answers Graded A+ A subject property is an older home with four bedrooms and one bathroom. However, the surrounding neighborhood primarily consists of new construction with four bedrooms and three bathrooms. What can be said of the subject property? The subject property is worth less because of functional obsolescence The acronym DUST refers to...? Demand, Utility, Scarcity and Transferability When preparing a CMA, the agent needs to make ad...

NMLS Practice Questions with Correct A A borrower has gone to settlement for a cash-out refinance on Tuesday for his principal residence. His rescission period is over at midnight on Friday. According to the provisions specified under federal law, what is the first possible day the loan could fund? - Answer-Saturday The amount of the down payment, the amount of the finance charge, or the number of payments needed are all examples of under TILA. - Answer-Trigger Terms Which of the follow...

What are some risks banks take? - correct answer Market - Interest rates - Changes in values from changes in interest rates - Macroeconomic - outside of bank control Credit - Can the company afford to repay the loans (or interest) Operational - Tech breakdowns Regulatory - Not adhering to rules (how they have to behave) Reputational - Bank taking on a company that benefits shareholders but upheaves stockholders A bank closing a public item...

Test Bank for Engineering Economics Financial Decision Making for Engineers Canadian 6th edition TEST Bank Engineering Economics 6 th Edition Niall M. Fraser Elizabeth M. Jewkes Mehrdad Pirnia Engineering Economics, 6e (Fraser/Pirnia) Chapter 1 Engineering Decision Making 1.1 Multiple Choice Questions 1) Evaluation of an engineering project involves the following constraints A) financial, environmental, social and political constraints. B) technical and financial constraints. C...

CAIA Level 2 Exam Questions And Answers 100% Verified Which U.S. regulatory body is responsible for overseeing the derivatives market? - answerThe U.S. Commodity Futures Trading Commission (CFTC) Of the following U.S. federal statutes, which one provides registration and regulation of persons and entities who are engaged in providing advice to others? A.The Securities Act of 1933 B. The Securities Exchange Act of 1934 C. The Investment Advisers Act of 1940 D. The Investment Company Act ...

A subject property is an older home with four bedrooms and one bathroom. However, the surrounding neighborhood primarily consists of new construction with four bedrooms and three bathrooms. What can be said of the subject property? - Answer- The subject property is worth less because of functional obsolescence The acronym DUST refers to...? - Answer- Demand, Utility, Scarcity and Transferability When preparing a CMA, the agent needs to make adjustments based on the features of the subject ...

A distributor of office equipment has experienced moderate sales growth in each of the last three years while gross and operating profit margins have remained stable. Each year the company has shown a declining amount of cash after operations. What is the most logical cause of the declining cash after operations? a. Higher dividend and interest payments b. Increasing reliance on trade creditors c. Less efficient inventory management d. Acquisition of new capital equipment Answer- C Using...