Property Law and Practice

Champions School Of Real Estate Finance Test Questions And Solutions Graded A+ When there is an excess of money supply in the market - ANSWER -Monetary inflation Which agency insures deposits in bank and thrift institution for up to $250,000? - ANSWER -Federal Deposit Insurance Corporation prohibit housing discrimination based on sex, race, color, religion, national origin, disabilities, or familial status - ANSWER -Federal Fair Housing All residential mortgage loan originators must now...

Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) The process of evaluating a borrower's loan application to determine the risk involved for the lender - ANSWER -Underwriting When was the FHA created? - ANSWER -1934 Who funds the FHA? - ANSWER -The FHA funds itself How long is the lifespan of a $20 bill? - ANSWER -7.9 years What is the "prime rate?" - ANSWER -The interest rate that is determined by individual banks Who provides VA h...

Champions real estate finance Test Exam Questions And Well Elaborated Solutions Underwriting - ANSWER -Detailed process of evaluating a borrowers loan application to determine the risk involved for the lender Closing/Settlement - ANSWER -Consummation of a contractual real estate transaction in which all appropriate documents are signed and the proceeds of the mortgage loan are then distributed by the lender Funding - ANSWER -The process of transferring funds into a title or escrow c...

CHAMPIONS PROMULGATED CONTRACT FORMS TEST QUESTIONS AND ANSWERS 2025 Unimproved Property Contract - ANSWER -Used for the sale of properties with no existing structure. This contract has no improvements, or accessories. No seller disclosure. Farm and Ranch Contract - ANSWER -A TREC promulgated contract for use where the land being sold is greater than 10 acres and includes land, improvements, accessories and crops. Contains provisions for surface leases related to a property The part...

A notary should always ask for acceptable identification of the client prior to notarizing a document if the client is not personally known to the notary. Acceptable identification includes: - identification card or another form of government issued identification that is current or that has been expired for one year or less, and. Contain either the signer's signature or signer's photograph. A notary may notarize a quitclaim deed to real property in which the notary is the grantee... - Ne...

Police Sergeant Practice Exam Questions & Answers (Verified Correctly 100% Rated)-Activities performed by officers on patrol that are directed toward keeping violations of the law from happening are most widely known as - crime prevention. These police tactics involve the use of physical force, threat of force, and mental or psychological abuse. - Third degree tactics. This type of evidence would clear a suspect from blame. - Exculpatory evidence. A the scene of a homicide, what i...

2025 Updated CA Life Insurance Exam Prep | Comprehensive Questions, Verified Answers, and Rationales | Boost Your Confidence for A+ Success! which of the following is a feature of a single premium immediate annuity? a. it is purchased through periodic payments b. income payments start at age 65 c. it is also referred to as a deferred annuity d. income payments start within one year - ANS D. income payments start within one year A Single Premium Immediate annuity is paid in a single ...

NATIONAL REAL ESTATE EXAM PRACTICE TEST questions with solutions In most cases, broker compensation, as a percentage of home price, falls somewhere between: - Ans>> 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? - Ans>> Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act What happens to trade fixtures after a business mov...

1. When must a written no brokerage relationship notice be provided to customers? - ANS Before showing homes that are listed. 2. Which of the following can not be used by the federal reserve to change or control the money supply? - ANS After income tax rates 3. A broker has an exclusive right of sale listing to sell an owner's property, with no other authority granted. What type of agency does the broker have with the principal? - ANS Special agency 4. A licen...

Real Estate Final Exam Prep 2024: Updated Questions with 100% Verified Answers for Top Results and Guaranteed A+ Success! Both brokers and managing brokers must take continuing education courses, so long as they are actively licensed. Inactive licensees do not need to comply with the continuing education requirement, although a 30-hour class is required in order to reactivate a license that has been inactive for more than 3 years. A Washington Real Estate broker takes a listing for a waterf...