Real Estate Law

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...

Which law ensures lenders use an annual percentage rate (APR) so that the borrowers have the information they need to make informed comparisons? Correct Answer: Regulation Z Which law ensures that some borrowers have the right of rescission for three business days after a loan contract is signed? Correct Answer: Regulation Z While it is unlawful to consider race when underwriting a loan, what federal legislation requires that this information be included on the loan application? Correct Answer: ...

What is an 'Implied Agreement'? - Answer-An agreement created by the words and actions of one party, which leads the other party to believe there is an agency relationship when no formal acknowledgement of the relationship exists. What are the 3 recognized forms of 'Agreement'? - Answer-Written, verbal & implied Under common law (not REBBA), what are the 3 ways an agreement can be formed? - Answer-- By ratification - By estoppel - By operation of law Define an agency relation...

Texas Real Estate Law - SAE Champions School Of Real Estate Exam 2025 Update/Texas Real Estate Law - SAE Champions School Of Real Estate Exam 2025 Update/Texas Real Estate Law - SAE Champions School Of Real Estate Exam 2025 Update

Champions School of Real Estate Law of Agency Latest 2025 Questions and Answers (2025 / 2026) (Verified Answers)

Commercial licensing regulation Ans: Promote the general welfare of the citizens of Rhode Island so that the public interest most effectively be served Quiz: Clock hour Ans: at least fifty minutes of classroom instruction Quiz: Promptly Ans: shall mean not more than 10 calendar days Quiz: Principal broker Ans: 1. act in supervisory capacity for every real estate transaction 2. be responsible for the compliance of his or her affiliated licensees 3. responsible for the compliance of h...

Real estate recovery act Ans: Dept of business regulation establishes this account Covers anyone aggrieved by an act, misrepresentation, transaction or conduct of a licensed real estate broker upon the grounds of fraud, misrepresentation or deceit may recover no more than 50000 per one license Can't be used to reimburse any broker or salesperson Agents pay a fee for the deposit in the real estate recovery fund when they first get their license Dec 31 of any year if the recove...