Rated a 1 can a lender - Study guides, Class notes & Summaries

PSI California Property and Casualty Insurance Adjuster Certification Exam || Over 75 Questions & Solutions (Rated A+) PSI California Property and Casualty Insurance Adjuster Certification Exam || Over 75 Questions & Solutions (Rated A+) 1 Can a lender, as a condition of making a loan, require that any insurance be placed through a particular insurance agent or broker? - ANSWER - The loan recipient may always select a particular agent or broker of their choosing 2 A claimant can be any of...

Mortgage Agent Final Exam prep 2024/2025 1. Briefly describe when a Mortgage Agent would be required to obtain the following documents from an applicant. - answera) T4: typically when a Borrower has salaried or hourly employment income b) T4A: typically when a Borrower has commission income c) Job Letter: typically when a Borrower's income or position information is required d) Paystub: typically in addition to a Job Letter to confirm that the individual is still employed and that the YT...

Mortgage Agent Final Exam prep 2024/2025 1. Briefly describe when a Mortgage Agent would be required to obtain the following documents from an applicant. - answera) T4: typically when a Borrower has salaried or hourly employment income b) T4A: typically when a Borrower has commission income c) Job Letter: typically when a Borrower's income or position information is required d) Paystub: typically in addition to a Job Letter to confirm that the individual is still employed and that the YT...

SIGNING NOTARY TEST #1 REVIEW QUESTIONS & ANSWERS/ RATED A+ Why do some Mortgages Signing Agencies require Mortgage Signing Agents to submit a Live Scan Fingerprint Background check each year. - -Lender need to make sure that consumers and their financial information which is entrusted to Notaries remains protected and secure. Lenders are ultimately responsible for the conduct of any third-party service providers, making it critically important to verify that the people lenders send to ...

ASREB Exam Questions With Complete Solutions. Salesperson is working for a principal, but the salesperson exceeds authority in agreement. Principal does nothing to correct the actions, and the public is led to believe the actions were okay. Agency? Estoppel Amount stated in a purchase contract in case the buyer breaches is called: Liquidated In a sublease with a positive leasehold who benefits from excess rent? Sub-lessor Property taxes are 1,525. 1st half paid by seller closes November...

Exam Question Master 3 questions with correct and verified answers Insulation is rated by its ability to resist - heat flow A man successfully negotiated (and was paid for) the sale of a Federal Communications Commission license for a television station. He is NOT a licensed real estate broker or sales associate. The man - has not violated F.S. 475. Which statement is TRUE regarding the monthly payments on a 30-year, fully amortized loan? - Initially, interest is the larger portion of the...

Hawaii Real Estate Exam Rated A+ What is Hawaii's residential property disclosure form? A.) A statement of the condition the home will be in after repairs are completed B.) A statement that lists all home upgrades the seller made C.) A statement that outlines the home repairs made in the past five years D.) A statement the seller provides to the buyer that outlines all known property defects ️D.) A statement the seller provides to the buyer that outlines all known property defects...

Kentucky Real Estate Mock Test 1 Questions And Answers Rated A+. If a broker's branch office is 75 miles from his main office, the person managing this branch office must: - correct answer. Have been licensed for 2 years averaging 20 hours per week in the business. Which of the following is NOT true regarding a sale-leaseback? - correct answer. The ownership of the property never transfers. Dino owns property rights located on Lake Michigan where he docks his ya...

NMLS Test Exam Questions with Correct Answers (Rated A+) RESPA 4 sections - Answer-Section 6: Mortgage Servicing Disclosure Statement: mortgage servicers are required to correct errors and work with home buyers if payments aren't being made. Section 8: No kickbacks/referral fees Section 9: Seller cannot require borrower use a specific title insurance company Section 10: limits amounts a lender can require a borrower to put into escrow account to 1/12 disbursement and 2 reserves. Requires...

MA REAL ESTATE SALESPERSON NATIONAL EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ "If you feel it is in your best interest, please do." - -When asked by the buyer if they should get a home inspection, the answer should be. A listing agreement - -Is a service contract A point - -Equals 1 percent of a loan A seller's statement - -Discloses known latent defect in the house. Acceleration clause - -This permits the lender to demand immediate payment of the entire note Agency coupled with i...