Real estate kansas stuvia Study guides, Class notes & Summaries

Kansas Salesperson Real Estate Exam 2023-2024 with Complete SolutionsKansas Salesperson Real Estate Exam 2023-2024 with Complete SolutionsKansas Salesperson Real Estate Exam 2023-2024 with Complete SolutionsKansas Salesperson Real Estate Exam 2023-2024 with Complete Solutionsacceleration clause - ANSWER-a clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. the most common reason for accelerating a loan are if the borrower default...

Real Estate Kansas Portion Questions and Answers 100% CorrectReal Estate Kansas Portion Questions and Answers 100% CorrectReal Estate Kansas Portion Questions and Answers 100% CorrectReal Estate Kansas Portion Questions and Answers 100% Correct Activities requiring a license - ANSWER-Compensation to do 1) Sell 2) Purchase 3) Lease COMMERCIAL property 4) Auction OR assist by procuring bids Activity NOT requiring a license in Kansas - ANSWER-Residential leasing OR 1) FSBO 2) Attorney per...

Kansas Real Estate Exam Questions and Answers 100% CorrectKansas Real Estate Exam Questions and Answers 100% CorrectKansas Real Estate Exam Questions and Answers 100% CorrectKansas Real Estate Exam Questions and Answers 100% Correct When is an item considered Real Estate? - ANSWER-When it is permanetly attached to land What are the 2 charicteristics of land - ANSWER-Physical - immovable, indestructable, non homeogeneous Economic - situs/location, scarcity, improvable The 3 Physical Chara...

Kansas Principles of Real Estate Exam 2023-2024 Questions and Answers 100% CorrectKansas Principles of Real Estate Exam 2023-2024 Questions and Answers 100% CorrectKansas Principles of Real Estate Exam 2023-2024 Questions and Answers 100% Correct Kansas Association of Realtors KAR - ANSWER-professional trade association that provides a wide variety of programs and services Kansas Real Estate Commission KREC - ANSWER-governs real estate licenses and how they are earned and maintained. approva...

Kansas Real Estate Test 2023-2024 with Complete SolutionsKansas Real Estate Test 2023-2024 with Complete SolutionsKansas Real Estate Test 2023-2024 with Complete SolutionsKansas Real Estate Test 2023-2024 with Complete SolutionsIn deciding on whether to make a residential home loan, a lender would normally consider the borrower's - ANSWER-debt to income ratio A property sold for $200,000 with an 80% loan to value ratio. The lender charged 1 discount point in connection with the loan. What wa...

Real estate Kansas State Portion Questions and Answers 100% CorrectReal estate Kansas State Portion Questions and Answers 100% CorrectReal estate Kansas State Portion Questions and Answers 100% CorrectReal estate Kansas State Portion Questions and Answers 100% Correct Who is required to have a license? - ANSWER-anyone who receives compensation for direct involvement in the process of buying, selling, or exchanging real estate (other than their own) NOTE: Kansas does not require a license to ...

acceleration clause - ANSWER-a clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. the most common reason for accelerating a loan are if the borrower defaults on the loan or transfers title to another individual without informing the lender. adjustable-rate mortgage - ANSWER-a mortgage in which the interest changes periodically, according to corresponding fluctuations in an index. all ARMs are tied to indexes. adjustable da...

Kansas Association of Realtors KAR - ANSWER-professional trade association that provides a wide variety of programs and services Kansas Real Estate Commission KREC - ANSWER-governs real estate licenses and how they are earned and maintained. approval of schools Not required to have a license - ANSWER-buying or selling your own property, authorized by a court, working for the government, your an attorney, you are power of attorney and not paid, an employee who owns at least 5% of stock, mls...

In deciding on whether to make a residential home loan, a lender would normally consider the borrower's - ANSWER-debt to income ratio A property sold for $200,000 with an 80% loan to value ratio. The lender charged 1 discount point in connection with the loan. What was the amount for the discount points? - ANSWER-$1,600 A buyer is inquiring as to what the principal and interest payment will be on a property that is being purchased. Where would be the best place for the buyer to obtain thi...

When is an item considered Real Estate? - ANSWER-When it is permanetly attached to land What are the 2 charicteristics of land - ANSWER-Physical - immovable, indestructable, non homeogeneous Economic - situs/location, scarcity, improvable The 3 Physical Characteristic of Land - ANSWER-immovable, indestructable, non homeogeneous The 3 Economic Characteristics of Land - ANSWER-situs/location, scarcity, improvable Define Real Estate - ANSWER-Land + Appurtenances Define Bill of Sale ...