Va real estate final exam - Study guides, Class notes & Summaries

Final exam part 7As it relates to environmental hazards, A) real estate professionals carry the most exposure to liability. B) local governments carry the most exposure to liability. C) buyers often carry the most exposure to liability. D) sellers often carry the most exposure to liability. - correct answer D) sellers often carry the most exposure to liability. Which of the following is a hazardous substance that can be quickly absorbed by the body? A) Asbestos B) Carbon monoxide...

Hud Prep Final Actual Exam 2024 Conventional Loan - CORRECT ANSWER-Front end 28% Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms FHA - CORRECT ANSWER-Front end 31% Back end 43% Limited funds, bad credit, bankruptcy, high debt to income ratio. EEM (Energy) FHA - CORRECT ANSWER-Front end 33% Back end 45% VA - CORRECT ANSWER-41% USDA - CORRECT ANSWER-Front End 29% Back End 41%, ...

WI Real Estate Final Exam Material All Questions Marking Scheme Salespeople can use which of the following forms: - Answer -a form prepared and approved by the Department Which of the following statements is true of property held in joint tenancy? - Answer -If a joint tenant dies, the surviving tenant or tenants receive the interest of the deceased joint tenant When presenting an offer to a For Sale by Owner (FSBO), a buyer's licensee will present what form to the seller? - Answer -Dis...

Final Exam A California real estate Questions and Answers 100% Pass All of the following are ways by which an offer to purchase real estate would be terminate, except - Correct Answer ️️ -Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for which of the following items - Correct Answer ️️ -Prepaid rent When a Cal-Vet wishes to purchase a hom...

Superior NC Real Estate Important Final Exam Questions and Answers RESPA -Answer--Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) -Answer-C. the trustor(s) The trustor is the borrower in a lending situation using a trust deed. The borrower...

Civil Service practice for Louisiana state Exam 150 Questions with Verified Answers Which of the following statements is true regarding Purchase Agreements? Select one: a. They must have a definite expiration date. b. They do not have to have an expiration date. c. A copy must be filed with the Real Estate Commission. d. A copy must be retained by the broker for 10 years. - CORRECT ANSWER They must have a definite expiration date. Under what conditions may a person or comp...

Chapter 3 – Conveying Real Property Interests Multiple Choice Questions [QUESTION] 1. A deed is a special form of written contract used to convey a permanent interest in real property. Unlike most contracts, a deed requires: A. both parties to be legally competent and of legal majority age. B. only the grantee to be legally competent and of legal majority age. C. only the grantor to be legally competent and of legal majority age. D. both parties to make promises to perform. Ans: C Diff...

(virginia time share act) For an initial purchaser, there is a _________day right of rescission. Meanwhile, a buyer has a 5-day right of rescission in a time share resale. - ANSWER-7 If VA license applicant has had a license suspended or revoked in any jurisdiction because of association with disciplinary action - ANSWER-A very detailed explanation of the event/circumstances must be included with his license application If there was a prior misdemeanor involving moral turpitude, sexual off...

WI Real Estate Final (Exam) Q&A VERIFIED 100% CORRECT Salespeople can use which of the following forms: ANSWER : a form prepared and approved by the Department Which of the following statements is true of property held in joint tenancy? ANSWER : If a joint tenant dies, the surviving tenant or tenants receive the interest of the deceased joint tenant When presenting an offer to a For Sale by Owner (FSBO), a buyer's licensee will present what form to the seller? ANSWER : Disclosure to...

SBE ARTS - Funeral Service Exam Questions and Answers 100% correct A will is an instrument for the ordered disposition of real and person property that is to take effect upon death. Which of the following is a requirement for a will to take effect? - Answer ️️ -The deceased was of legal age The funeral rule, which is enforced by the federal Trade Commission FTC, has many provisions. These include mandated disclosures and restrictive actions. At the very start of a face-to-face discuss...