Loan transfer - Study guides, Revision notes & Summaries
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***North Carolina 75-Hour Broker Pre-licensing Final Exam (PASSED Attempt) Accurate 100%
- Exam (elaborations) • 14 pages • 2024
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Why might a buyer want to ASSUME a LOAN? 
 
The buyer doesn't want to follow a lender qualification process. 
The existing loan has a lower interest rate than current market rates. 
The principal remaining on the existing loan is low. 
The transfer of the property won't need to be approved by the lender if the loan is assumed. - ANSWER The existing loan has a lower interest rate than current market rates. 
 
- ASSUMPTIONS are advantageous to a buyer if current interest rates are high and the e...
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RMLO - Champions School of Real Estate| 109 questions with 100% correct answers
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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 Housing Finance Agency (FHFA) 
 
 
 
The ____ guarantee allows mortgage lenders to obtain a better price for their loan in the capital markets. 
Gov't. National Mortgage Association - Ginnie Mae 
 
 
 
...
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LPL4804 Assignment 2 (QUALITY ANSWERS) Semester 2 2023
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This document contains workings, explanations and solutions to the LPL4804 Assignment 2 (QUALITY ANSWERS) Semester 2 2023. For assistance call or whatsapp us on 065 505 3119..... Question 1. 
Peruse the preparation certificates below and in each instance advise whether it complies with the Deeds Registries Act 47 of 1937 and regulations issued thereunder or not. Then provide reasons for your decision. You may ignore the recently imposed requirement for the inclusion of Legal Practice Council. 
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INF1505 ASSIGNMENT 2 FOR 2024 - Distinction Obtained
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Question 1 Not yet answered Marked out of 1.00 
Flag question 
Question text Which of the following is recommended in the context of a comprehensive security plan? 
 
a. Participants should receive certificates before training sessions. 
 
b. Management should expect employees to implement their own training. 
 
c. Employees should be trained in security measures. 
 
d. Employee passwords and ID badges should be periodically revoked. 
Clear my choice Question 2 Not yet answered Marked...
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Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers
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Arizona Life Insurance Exam 
Questions and Answers 
(Latest Update 2023) 
Verified Answers 
a whole life policy that provides a choice of dividend options include the 
following statement about dividends they accrue at a guaranteed rate 
they are deferred for one year they are not guaranteed they are guaranteed 
after the first year - Correct Answers they are not guaranteed 
When there is a named beneficiary on a life insurance policy, the death 
benefits 
1. are directed to a trustee ...
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California Legal Aspects of Real Estate Final Exam (Already Graded with a pass rate of 97%)
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California Legal Aspects of Real Estate Final Exam (Already Graded with a pass rate of 97%) 
California Legal Aspects of Real Estate Final 
Exam (Already Graded with a pass rate of 
97%) 
A promissory note is: 
a. evidence of the debt 
b. evidence of a sale 
c. a security interest in the property for the lender 
d. the same as a mortgage or trust deed 
a. evidence of the debt 
In order to be considered an emancipated minor and have the capacity to contract, 
a minor must: 
a. be married, widow...
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LEGL 2700 test 3 Epstein UGA Exam with Guaranteed Accurate Answers
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Role of Scarcity (property) - correct answer need for resources overtakes supply of those resources 
 
State controlled/communism - correct answer govt controls resources and directs how they're divided between citizens; control means of production 
 
Property-based/capitals - correct answer enact laws that enable citizens to acquire, possess, use, and transfer resources; free market 
 
States generally have a mix - correct answer not purely one or the other 
 
Real Property - correct answer la...
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Kentucky Real Estate Practice Final One |120 questions and answers.
- Exam (elaborations) • 17 pages • 2023
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condominium 
Severalty ownership of air rights combined with an undivided interest in the common areas of real estate would MOST LIKELY describe a 
 
 
 
on probation 
A licensee could be active in the real estate business if his/her license is 
 
 
 
Agent Kenzie has terminated her relationship with her broker. The broker has returned her license to the BREP. Agent Kenzie has 
thirty days to place her license in escrow or find another broker 
 
 
 
Disciplinary actions that can be taken by the ...
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FAC1601 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED
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Well-structured FAC1601 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!).....Trading under the name Lehumo Bricks, Refentse and Boitshepo are partners in this 
brick manufacturing company. Over the years, Lehumo Bricks has established itself as 
a reputable supplier of high-quality bricks used in various construction projects, from 
residential homes to large commercial buildings. The business has been profi table, 
with Refentse and B...
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Middleton Real Estate Final Exam Questions & Answers(RATED A+)
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all of the following statements would be true of TRID except? - ANSWER TRID requires a closing disclosure to be provided to the buyer 2 days before the settlement date. 
 
which of the following is not required when recording the deed with the county clerks office? - ANSWER two witnesses 
 
which of the following was added to the federal fair housing act in 1988 when it was amended? - ANSWER familial status and handicapped 
 
calculate the transfer tax that would be owed in Michigan on the sale ...
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