Susan owns a - Study guides, Class notes & Summaries

Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - Answer- $1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway at the back of the 22 acres Pam ow...

WISE Practice Test 2 Exam Questions With 100% Correct Answers 2024/2025 What should a person do when he believes he is being charged too high a rate of interest for a loan by a lending institution? - answerNotify the lending institution about state usury laws. Which is the best example of a way to reduce fees paid for ATM transactions? - answerWhen making supermarket purchases with a debit card, a person adds $50 in cash to the transaction instead of using an ATM machine. A person owns a ...

Alabama Life and Health Insurance Final Exam – Questions & Answers (100% Correct) Alabama Life and Health Insurance Final Exam – Questions & Answers (100% Correct) John has recently died and it was discovered that he was actually ten years older than what was listed on his life insurance policy. What will the insurer pay his beneficiary? - ANSWER - The amount of insurance that his premiums would have purchased at his correct age Which of the following is considered the "automatic" N...

TRELG Maine Real Estate All of the following are real property EXCEPT: A. a chained link fence enclosing the backyard B. the weathervane on top of the barn C. the portable basketball hoop in the driveway D. an antique chandelier in the dining room - correct answer C. the portable basketball hoop in the driveway A metes and bounds description of real property relies on: A. a point of beginning, measurement of distances, and directions on a compass. B. identification of the township ...

Maine real estate exam prepAll of the following are real property EXCEPT - correct answer A Portable Basketball hoop A metes and bounds description of real property relies on - correct answer A point of beginning, measurement of distances, and directions on a compass Fee simple ownership describes - correct answer Current ownership A life estate interest describes - correct answer Future ownership Which of the following statements about Susan, the tenant of a life estate, is TRUE? - ...

XTRLARGE Realty is very proud of its sales staff. They send out a press release that says that the staff is the best in the area and that the firm holds the largest market share in the entire area. What, if anything, is illegal about this ad? a. Nothing is legally wrong, as anyone can claim to be the best. b. Nothing is legally wrong, though the release contains exaggerations. c. The ad will be considered deceptive advertisement by the Commission, since it does not define the market area. ...

What is an annuitant, in regard to an annuity policy? - Answer The party whose life the policy's benefits are based on Susan, age 65, inherits a substantial sum of money and wants to have the money distributed to her over the rest of her life starting next month. Which product offered by the life insurance industry will allow her to accomplish her objective? - Answer Single Premium Immediate Annuity K owns a variable annuity with an assumed interest rate of 4%. If the actual performan...

WISE Practice Test 2 Exam Questions With 100% Correct Answers 2024/2025 What should a person do when he believes he is being charged too high a rate of interest for a loan by a lending institution? Notify the lending institution about state usury laws. Which is the best example of a way to reduce fees paid for ATM transactions? When making supermarket purchases with a debit card, a person adds $50 in cash to the transaction instead of using an ATM machine. A person owns a stock tha...

WISE Practice Test 2 Exam Questions With 100% Correct Answers 2024/2025 What should a person do when he believes he is being charged too high a rate of interest for a loan by a lending institution? - answerNotify the lending institution about state usury laws. Which is the best example of a way to reduce fees paid for ATM transactions? - answerWhen making supermarket purchases with a debit card, a person adds $50 in cash to the transaction instead of using an ATM machine. A person owns a ...

Florida Real Estate Exam Questions | with complete solution 2023/24 Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - $1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heath...