Types of mortgage fraud - Study guides, Class notes & Summaries

Pearson vue real estate Exam, Multiple Choice Questions And Correct Answers. If a licensee is paid a salary of $600 per month plus half of the office's 6% fee on all sales, what MUST the licensee's monthly sales be in order for the licensee to receive a total monthly income of $2,220? A. 27,000 B. 37,000 C. 54,000 D. 74,000 An agreement that restricts the use and occupancy of real estate, is part of a conveyance, and is binding on all subsequent buyers is called a(n): A. Agreement for d...

New York Adjuster Exam 2024 The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? - Answer ️️ -30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. - Answer ️️ -30 day Personal property that is covered under the Personal Pro...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

Test Bank for Financial Accounting 12e 12th Edition by Jerry J. Weygandt, Paul D. Kimmel; Jill E. Mitchell. Full Chapters test bank are included (Chapter 1 to 13 + Appendix F,G,H,I,K) 1 Accounting in Action 1-1 Knowing the Numbers: Columbia Sportswear 1-1 1.1 Accounting Activities and Users 1-3 Three Activities 1-3 Data Analytics 1-4 Who Uses Accounting Data 1-5 1.2 The Building Blocks of Accounting 1-7 Ethics in Financial Reporting 1-8 Generally Accepted Accounting Pr...

2 general forms of wcc in the housing system correct answers 1. mortgage frauds -defined as the intentional misstatement of information which is relied on by a lender or underwriter to provide funding to purchase or to insure a mortgage loan 2. rental/landlord fraud -landlord failure to provide rental properties that are safe, inhabitable, and up to code (slumlords) mortgage fraud enforcement: -which unit of the FBI is charged with investigating schemes and frauds perpetrated agains...

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

HUD Certification Exam with complete solution 2023Deed Restrictions Legally enforceable terms that govern the use of real estate Redlining The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental...

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the indi...

WCC Final Exam 99 Questions with Verified Answers What are the 12 types of WCC - CORRECT ANSWER 1. Mortgage Fraud 2. Academic Fraud 3. Healthcare Fraud 4. Cyber Fraud 5. Embezzlement 6. Ponzi 7. Money Laundering 8. Insider Trading 9. Environmental Crime 10. False Advertising 11. Foreign Corrupt Practices Act 12. Corporate Criminal Liability Who is Edwin Sutherland? - CORRECT ANSWER Coined the phrase White Collar Crime in 1939 as "a crime committed by a person of respectabilit...

WCC Exam 1 Review 131 Questions with Verified Answers What are the types of white collar crime? - CORRECT ANSWER financial fraud, healthcare fraud, public corruption, fraud and swindles, organized crime, espionage, government fraud, mortgage fraud characteristics of white collar crime - CORRECT ANSWER national or international scope, involve large number of victims, have organizations as victims, follow demonstrated patterns, committed for more than a year, committed in groups, financially...