Bob brooks exam - Study guides, Class notes & Summaries

Finance - Review Exam (Bob Brooks) With 100% Correct Answers Discount Points are figured on the: a. Selling Price b. Loan Balance c. Salary of buyer d. None of the above. - answerb. Loan Balance Which of the following is shown on an estoppel certificate? a. Unpaid balance and interest rate on mortgage. b. Time of foreclosure c. Novation of the seller. d. Any defects in the title. - answera. Unpaid balance and interest rate on mortgage. Insurance on an FHA loan is designed to protect ...

Contracts - Review Exam (Bob Brooks) With complete solutions 2024 A valid contract which CANNOT be enforced by legal action is: a. Voidable b. Unenforceable c. A novation d. Under duress - answerb. Unenforceable An option on real estate is: a. A deposit b. A consideration c. A contract d. An endorsement - answerc. A contract A person given the right to sign or execute a contract on behalf of another is: a. Administrator b. Executor c. Escrow agent d. Attorney-in-Fact - answerd. A...

When must earnest money and/or deposits accepted by the broker be put into the escrow account? a. Earnest money does not have to be put into an escrow account. b. By the close of business of the next banking day c. Within 24 hours d. Within 48 hours b. By the close of business of the next banking day In order to record a deed, it MUST be in writing and: a. signed by grantee b. recite the actual purchase price c. acknowledged d. be free of all liens c. acknowledged An exclusive agency ...

FINAL EXAM (Bob Brooks) 2024 Actual Questions and Correct Answers Solved 100%. When must earnest money and/or deposits accepted by the broker be put into the escrow account? a. Earnest money does not have to be put into an escrow account. b. By the close of business of the next banking day c. Within 24 hours d. Within 48 hours b. By the close of business of the next banking day In order to record a deed, it MUST be in writing and: a. signed by grantee b. recite the actual purchase...

State Practice Exam- 1 (Bob Brooks) With complete solutions Using an operating account to pay both bills and commissions due to agents is called "commingling". True False - answerFalse A licensee is permitted to accept a commission or valuable consideration from: a. An agent with another firm b. Their sponsoring broker c. Both of the above d. Neither of the above - answerb. Their sponsoring broker Broker Mary Jones deposits $500.00 of a client's deposit money into her personal acco...

FINAL EXAM (Bob Brooks) Questions and Answers 100% Pass When must earnest money and/or deposits accepted by the broker be put into the escrow account? a. Earnest money does not have to be put into an escrow account. b. By the close of business of the next banking day c. Within 24 hours d. Within 48 hours - Answer- b. By the close of business of the next banking day In order to record a deed, it MUST be in writing and: a. signed by grantee b. recite the actual purchase price c. acknowl...

Finance - Review Exam (Bob Brooks) With 100% Correct Answers Discount Points are figured on the: a. Selling Price b. Loan Balance c. Salary of buyer d. None of the above. - answerb. Loan Balance Which of the following is shown on an estoppel certificate? a. Unpaid balance and interest rate on mortgage. b. Time of foreclosure c. Novation of the seller. d. Any defects in the title. - answera. Unpaid balance and interest rate on mortgage. Insurance on an FHA loan is designed to protect ...

State Practice Exam- 1 (Bob Brooks) With complete solutions Using an operating account to pay both bills and commissions due to agents is called "commingling". True False - answerFalse A licensee is permitted to accept a commission or valuable consideration from: a. An agent with another firm b. Their sponsoring broker c. Both of the above d. Neither of the above - answerb. Their sponsoring broker Broker Mary Jones deposits $500.00 of a client's deposit money into her personal acco...

1 FINAL EXAM (BOB BROOKS) EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ When must earnest money and/or deposits accepted by the broker be put into the escrow account? a. Earnest money does not have to be put into an escrow account. b. By the close of business of the next banking day c. Within 24 hours d. Within 48 hours Correct Answer: b. By the close of business of the next banking day In order to record a deed, it MUST be in writing and: a. signed by grante...

FINAL EXAM (Bob Brooks) 2024 Actual Questions and Correct Answers Solved 100%. When must earnest money and/or deposits accepted by the broker be put into the escrow account? a. Earnest money does not have to be put into an escrow account. b. By the close of business of the next banking day c. Within 24 hours d. Within 48 hours b. By the close of business of the next banking day In order to record a deed, it MUST be in writing and: a. signed by grantee b. recite the actual purchase...