Rockwell real - Study guides, Class notes & Summaries

At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer - correct answer D. Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of the agency disclosure until each ...

Rockwell Real Estate Exam Questions and Answers 100% Correct Rockwell Real Estate Exam Questions and Answers 100% Correct Rockwell Real Estate Exam Questions and Answers 100% Correct Rockwell Real Estate Exam Questions and Answers 100% Correct 3 methods of legal description - ANSWER-Metes and Bounds - Local. Describes the property location in the location itself Government Survey method - Used to identify the location of the property in reference to the united states survey map....

Rockwell Real Estate Classes WA Final Exam 1 | Questions, Answers and Rationales A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben die...

Rockwell Real Estate Exam WA 2 Questions and Answers 100% Correct Rockwell Real Estate Exam WA 2 Questions and Answers 100% Correct Rockwell Real Estate Exam WA 2 Questions and Answers 100% Correct Rockwell Real Estate Exam WA 2 Questions and Answers 100% Correct At what point in a transaction must you disclose your agency status in writing? - ANSWER--Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initia...

Rockwell Real Estate Exam MAIN Questions and Answers 100% Correct Rockwell Real Estate Exam MAIN Questions and Answers 100% Correct Rockwell Real EstRockwell Real Estate Exam MAIN Questions and Answers 100% Correct Rockwell Real Estate Exam MAIN Questions and Answers 100% Correct ate Exam MAIN Questions and Answers 100% Correct Which of the following loans would be subject to the Truth In Lending Act? - ANSWER-A loan to a first-time home buyer Art sold his house, which was not encumbered ...

Rockwell Real Estate Exam WA 2 | Questions, Answers and Rationales At what point in a transaction must you disclose your agency status in writing? A. at closing B. when first meeting any potential party to the transaction C. when a party signs an offer D. Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of the agency disclosure unt...

At what point in a transaction must you disclose your agency status in writing? - correct answer -Before a party signs an offer You must disclose your agency status to each party in a transaction as soon as practicable. However, the initial disclosure may be oral - the law doesn't require written confirmation of the agency disclosure until each party is about to sign an offer. A counteroffer: - correct answer -Acts as a rejection of the initial offer A counteroffer is a rejection o...

Rockwell Real Estate Final Exam Questions and Answers Latest 2023/2024. The interest that passes to a designated person upon the death of a life tenant (or other measuring life) is a fee simple estate. Will has a remainder interest only up until the moment Ben dies. Once Ben is dead, Will's interest immediately becomes a fee simple interest. A buyer accepts a general warranty deed from a seller, believing that the seller is the sole owner of the property. The buyer later finds out that the...

Rockwell Real Estate Exam Questions And 100% Correct Answers!!

Which of the following loans would be subject to the Truth In Lending Act? - correct answer A loan to a first-time home buyer Art sold his house, which was not encumbered with a mortgage. Closing expenses were $5,264, and he paid a commission of 7% of the selling price. He received a check at closing for $372,316. What did the house sell for? - correct answer $406,000 (100%-7%=93%). $337,580/ 0.93= $406,000. Frank gives Stella an option to buy his house. Stella, as the optionee, is obl...