Escrow statement - Study guides, Class notes & Summaries

Timeshare units can be created: - correct answer in any unit unless prohibited by local laws Receipt of Public Offering Statement shall take place no later than: - correct answer Date of sale To be valid, a Public Offering Statement must be: - correct answer signed and dated Disclosure of Recession of Rights must appear in bold face print in the: - correct answer contract and public offering statement Escrow account for timeshare sale shall not be held by: - correct answer the develo...

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the con...

RESPA disclosures? due dates? - Answer-3 days after application: Home loan tool kit Loan estimate List of HUD counselors Mortgage Servicing Disclosure Statement Know before you owe booklet Special Info Booklet 3 days before consummation: Initial Closing Disclosure AfBA disclosure At consummation: Final Closing Disclosure Initial Escrow Statement (45 days after closing) After closing: Annual Escrow Statement Servicing Transfer Statement (sent 15 days before transfer) RES...

What is a tax allocation district? - A district where property is charged a higher property tax in order to build infrastructure for that area Which of the following is a factor that affects accessibility? a. Continuity Incorrect b. Mobility substitutes c. Air superiority d. Matriculation - Mobility substitutes Predatory loans often have fees that cost more than... - 5% of the total amount of a loan. Under the veteran loan program, a veteran that purchases a property must make the proper...

COLORADO REAL ESTATE FINAL EXAM REVIEW QUESTIONS & ANSWERS. GRADED A+ According to the Exclusive-Right-To-Sell Listing Contract, what happens to the earnest money if the buyer defaults? - -BuyerThe seller gets the funds The journal: - -is a chronological record of all receipts and disbursements made by the broker from the escrow bank account Title passes from the grantor to the grantee: - -when the seller signs the warranty deed When earnest money is withdrawn from the escrow account a...

Timeshare units can be created: - correct answer in any unit unless prohibited by local laws Receipt of Public Offering Statement shall take place no later than: - correct answer Date of sale To be valid, a Public Offering Statement must be: - correct answer signed and dated Disclosure of Recession of Rights must appear in bold face print in the: - correct answer contract and public offering statement Escrow account for timeshare sale shall not be held by: - correct answer the develo...

Timeshare units can be created: - correct answer in any unit unless prohibited by local laws Receipt of Public Offering Statement shall take place no later than: - correct answer Date of sale To be valid, a Public Offering Statement must be: - correct answer signed and dated Disclosure of Recession of Rights must appear in bold face print in the: - correct answer contract and public offering statement Escrow account for timeshare sale shall not be held by: - correct answer the develo...

DID NOT PROVIDE FULL DISCLOSURE TO HIS PRINCIPAL AS REQUIRED - Answer-A broker has a long term listing with his principal with a price that had been fully researched at the time of the listing a year ago. He has just been informed that the property next to his has been rezoned. this means that the principals property is likely to increase significantly in value. the broker informs one of his investors, who buys the property at full price. This makes the seller happy after such a lengthy listing....

RESPA disclosures? due dates? - ANSWER 3 days after application: Home loan tool kit Loan estimate List of HUD counselors Mortgage Servicing Disclosure Statement Know before you owe booklet Special Info Booklet 3 days before consummation: Initial Closing Disclosure AfBA disclosure At consummation: Final Closing Disclosure Initial Escrow Statement (45 days after closing) After closing: Annual Escrow Statement Servicing Transfer Statement (sent 15 days before transfer) RES...

YPO - Oregon Real Estate Broker License Education Review Already Passed What is a tax allocation district? A district where property is charged a higher property tax in order to build infrastructure for that area Which of the following is a factor that affects accessibility? a. Continuity Incorrect b. Mobility substitutes c. Air superiority d. Matriculation Mobility substitutes Predatory loans often have fees that cost more than... 5% of the total amount of a loan. Under the veteran loan p...