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CHAMPIONS SCHOOL OF REAL ESTATE PACKAGE DEAL
CHAMPIONS SCHOOL OF REAL ESTATE PACKAGE DEAL
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Real Estate Finance champion school test| 235 questions and answers
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Loan processing The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting The process of evaluating a borrowers loan application to determine the risk involved for the lender Funding The proce...
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Voorbeeld 3 van de 24 pagina's
In winkelwagenLoan processing The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting The process of evaluating a borrowers loan application to determine the risk involved for the lender Funding The proce...
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Principles of Real Estate 2 Champions School of Real Estate test |258 questions with 100% correct answers
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Principles of Real Estate 2 Champions School of Real Estate test |258 questions with 100% correct answers
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In winkelwagenPrinciples of Real Estate 2 Champions School of Real Estate test |258 questions with 100% correct answers
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Champions School of Real Estate - Real Estate Finance exam questions and answers
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A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) Non-Conforming Loan VA Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity Cash price minus the loan balance A clause often found in a bla...
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Voorbeeld 2 van de 11 pagina's
In winkelwagenA loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) Non-Conforming Loan VA Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity Cash price minus the loan balance A clause often found in a bla...
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RMLO - Champions School of Real Estate| 109 questions with 100% correct answers
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3x verkocht
A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages is called the ________. secondary market The Federal agency established to restore Fannie Mae and Freddie Mac to a sound and solvent financial condition is _____. Federal Hou...
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Voorbeeld 2 van de 12 pagina's
In winkelwagenA market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages is called the ________. secondary market The Federal agency established to restore Fannie Mae and Freddie Mac to a sound and solvent financial condition is _____. Federal Hou...
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Law of Agency - Champions School of Real Estate test questions fully solved
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The principal is also known as client fiduciary relationship a relationship founded on trust and confidence Agency Relationship Exists when one person (the agent) acts for, or on behalf of another person (the principal). the principal is the one who hires and gives authorit...
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Voorbeeld 2 van de 11 pagina's
In winkelwagenThe principal is also known as client fiduciary relationship a relationship founded on trust and confidence Agency Relationship Exists when one person (the agent) acts for, or on behalf of another person (the principal). the principal is the one who hires and gives authorit...
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Champion School of Real Estate-Law of Contracts |168 questions with correct answers.
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Texas Real Estate Commission TREC-created by the Legislature in 1949. 9 member commission whose primary purpose is to carry out the provision of the License Act Real Estate Recovery Trust Account administered by TREC. the purpose of the account is to protect aggrieved individuals who suffer...
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Voorbeeld 3 van de 17 pagina's
In winkelwagenTexas Real Estate Commission TREC-created by the Legislature in 1949. 9 member commission whose primary purpose is to carry out the provision of the License Act Real Estate Recovery Trust Account administered by TREC. the purpose of the account is to protect aggrieved individuals who suffer...
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Champions real estate finance |116 questions with 100% correct answers.
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mortgage Broker Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker Provide their own funds for the purpose of providing mortgage financing Correspondent Lender Smaller in scale then...
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Voorbeeld 2 van de 12 pagina's
In winkelwagenmortgage Broker Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker Provide their own funds for the purpose of providing mortgage financing Correspondent Lender Smaller in scale then...
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Law of Contracts - Champions School of Real Estate |72 questions and answers
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TERLA - Texas Real Estate License Act - Created in 1939 TREC - Texas Real Estate Commission - Created in 1949 to administer/enforce TERLA Real Estate Center - Located at Texas A&M University - Created in 1970 TREC-Promulgated Forms/Leases (Residential): - One-to-Fou...
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Voorbeeld 2 van de 12 pagina's
In winkelwagenTERLA - Texas Real Estate License Act - Created in 1939 TREC - Texas Real Estate Commission - Created in 1949 to administer/enforce TERLA Real Estate Center - Located at Texas A&M University - Created in 1970 TREC-Promulgated Forms/Leases (Residential): - One-to-Fou...
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Champions School of Real Estate Real Estate Finance| 48 questions and answers.
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VA Loan Requirements Veterans who were honorably discharged AND who meet the service requirements are eligible for VA home loan benefits. Eligibility is additionally determined by the time frame in which the veteran served and the number of days of active duty. The veteran must obtain a certificate...
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Voorbeeld 2 van de 6 pagina's
In winkelwagenVA Loan Requirements Veterans who were honorably discharged AND who meet the service requirements are eligible for VA home loan benefits. Eligibility is additionally determined by the time frame in which the veteran served and the number of days of active duty. The veteran must obtain a certificate...
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Champion School of Real Estate- Law of Agency| 154 questions and answers
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Broker A Properly Licensed party who serves a principal in an agency relationship Agency A fiduciary relationship between a broker and a principal or a broker and a client Fiduciary A Party acting for another in a position of trust-a broker or agent Fiduciary Relationship Th...
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Voorbeeld 3 van de 16 pagina's
In winkelwagenBroker A Properly Licensed party who serves a principal in an agency relationship Agency A fiduciary relationship between a broker and a principal or a broker and a client Fiduciary A Party acting for another in a position of trust-a broker or agent Fiduciary Relationship Th...
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Champions Real Estate Finance| 60 questions and answers
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_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. Closing The primary determinants of real estate values are supply and _____. Demand _____ is something of valu...
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Voorbeeld 2 van de 6 pagina's
In winkelwagen_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. Closing The primary determinants of real estate values are supply and _____. Demand _____ is something of valu...
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Champions Real Estate Finance |188 questions and answers
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Loan-to-Value Ratio (LTV) The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage ...
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Voorbeeld 3 van de 21 pagina's
In winkelwagenLoan-to-Value Ratio (LTV) The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage ...
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Principles 1 Real Estate Champion school| 60 questions and answers.
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What are the 4 economic Characteristics of land 1,Scarcity, 2, Modification, 3,Fixity 4, Situs Scarcity Supply and demand, When there is shortage of something that and individual wants the price goes up. Situs The location of the property or land from an economic not geographic view...
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Voorbeeld 2 van de 7 pagina's
In winkelwagenWhat are the 4 economic Characteristics of land 1,Scarcity, 2, Modification, 3,Fixity 4, Situs Scarcity Supply and demand, When there is shortage of something that and individual wants the price goes up. Situs The location of the property or land from an economic not geographic view...
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Principles of Real Estate 1- Champions School of Real Estate |102 questions and answers
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Principles of Real Estate 1- Champions School of Real Estate |102 questions and answers
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In winkelwagenPrinciples of Real Estate 1- Champions School of Real Estate |102 questions and answers
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Champions Principles of Real Estate 2| 91 questions with 100% correct answers
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Champions Principles of Real Estate 2| 91 questions with 100% correct answers
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In winkelwagenChampions Principles of Real Estate 2| 91 questions with 100% correct answers
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Principles 1 Real Estate Champion school| 60 questions and answers 2023.
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Principles 1 Real Estate Champion school| 60 questions and answers 2023.
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In winkelwagenPrinciples 1 Real Estate Champion school| 60 questions and answers 2023.
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Champions School of Real Estate Marketing SAE |117 questions and answers
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Price The most common reason a property fails to sell is __________. Marketing Matching human needs with goods or services to meet those needs is the process of ____ agent Problem solving is a key personality trait of a successful ___ D in AIDA stand for Desire Four P...
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Voorbeeld 3 van de 21 pagina's
In winkelwagenPrice The most common reason a property fails to sell is __________. Marketing Matching human needs with goods or services to meet those needs is the process of ____ agent Problem solving is a key personality trait of a successful ___ D in AIDA stand for Desire Four P...
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Principles of Real Estate 2 Champion |101 questions and answers.
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An opinion of value The appraised value of a property is: assessed value the amount that your local government determines your property to be worth for tax purposes subject property The property that is being appraised. ad valorem according to value Principle of Confo...
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Voorbeeld 2 van de 10 pagina's
In winkelwagenAn opinion of value The appraised value of a property is: assessed value the amount that your local government determines your property to be worth for tax purposes subject property The property that is being appraised. ad valorem according to value Principle of Confo...
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Champions School of Real Estate - Exam Prep| 177 questions and answers.
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Buyer Representation Agreement An employment contract obligating a broker to act as a fiduciary to a buyer Implied Agency Agency as a result of customary, usual or typical conditions Broker A properly licensed party who serves a principal in an agency relationship- also called an ag...
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Voorbeeld 3 van de 17 pagina's
In winkelwagenBuyer Representation Agreement An employment contract obligating a broker to act as a fiduciary to a buyer Implied Agency Agency as a result of customary, usual or typical conditions Broker A properly licensed party who serves a principal in an agency relationship- also called an ag...
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Texas Real Estate Law - SAE Champions School Of Real Estate| 81 questions with 100% correct answers.
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CERCLA Liability Rules Hazardous Substance Liability 1. Owner 2. Prop Manager 3. Cleaner of the Facility Fair Credit Reporting Act A federal law that established procedures that consumer-reporting agencies must follow in order to ensure that records are confidential, accurate, relevant and...
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Voorbeeld 2 van de 10 pagina's
In winkelwagenCERCLA Liability Rules Hazardous Substance Liability 1. Owner 2. Prop Manager 3. Cleaner of the Facility Fair Credit Reporting Act A federal law that established procedures that consumer-reporting agencies must follow in order to ensure that records are confidential, accurate, relevant and...
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Residential Inspection for Real Estate Agents - Champions School of Real Estate| 409 questions and answers
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1x verkocht
Deficiency A ________, in the reasonable judgment of the inspector, is a condition that adversely and materially affects the performance of a system, or component. Inspection Process of examining accessible items, and reporting their condition RESPA Prohibits abusive practices lik...
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Voorbeeld 4 van de 51 pagina's
In winkelwagenDeficiency A ________, in the reasonable judgment of the inspector, is a condition that adversely and materially affects the performance of a system, or component. Inspection Process of examining accessible items, and reporting their condition RESPA Prohibits abusive practices lik...
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Champions School Principles of Real Estate II| 205 questions and answers.
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Appraisal An Appraiser's opinion of value Principle of conformity Suggests that value is maximized when there is reasonable degree of homogeneity, or sameness, in a neighborhood USPAP Uniform Standards of Professional Appraisal Practice Uniform Standards of Professional Appr...
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Voorbeeld 3 van de 20 pagina's
In winkelwagenAppraisal An Appraiser's opinion of value Principle of conformity Suggests that value is maximized when there is reasonable degree of homogeneity, or sameness, in a neighborhood USPAP Uniform Standards of Professional Appraisal Practice Uniform Standards of Professional Appr...
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Real Estate Finance I-CHAMPIONS |60 questions and answers
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he minimum downpayment on a VA loan is: (a) 2% of the sales price (b) 0% of the sales price (c) 3.75% of the sales price (d) 1% of the sales price B _________ is the process of creating a new mortgage loan. (a) Origination (b) Funding (c) Underwriting (d) Servicing A...
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Voorbeeld 3 van de 23 pagina's
In winkelwagenhe minimum downpayment on a VA loan is: (a) 2% of the sales price (b) 0% of the sales price (c) 3.75% of the sales price (d) 1% of the sales price B _________ is the process of creating a new mortgage loan. (a) Origination (b) Funding (c) Underwriting (d) Servicing A...
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Principles of real estate I (Champions)| 102 questions and answers
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Subsurface rights Rights that include ownership of oil, gas and other minerals Surface and air rights Rights that are conveyed in a cell tower lease Improvement Any permanent man-made addition to the land Personal property Things of a temporary, movable nature Modular...
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Voorbeeld 2 van de 9 pagina's
In winkelwagenSubsurface rights Rights that include ownership of oil, gas and other minerals Surface and air rights Rights that are conveyed in a cell tower lease Improvement Any permanent man-made addition to the land Personal property Things of a temporary, movable nature Modular...
$15.49
In winkelwagen
Principles of Real Estate 2 Champions| 334 questions and answers
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What does D.U.S.T. stand for? Demand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance Loan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. princip...
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Voorbeeld 4 van de 40 pagina's
In winkelwagenWhat does D.U.S.T. stand for? Demand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance Loan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. princip...
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