Ce shop final exam study - Study guides, Class notes & Summaries

©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM The CE Shop : Final Exam Questions And Correct Answers What is a general lien? A claim against a person and all of that person's property A claim against a specific piece of property A type of mortgage lien A type of tax lien - answerA claim against a person and all of that person's property Which of the following discriminatory practice does the Home Mortgage Disclosure Act (HMDA) seek to address? Blockbusting Credit reporting Mo...

©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM The CE Shop: Georgia State Exam Practice Questions And Correct Answers The Real Estate Education, Research, and Recovery Fund Exists for the Benefit of whom? -Agents with low sales volume -Brokers who pay out commissions -GREC members -The public - answer*The public* Who, or which entity, appoints the members of the Georgia Real Estate Commission? -Georgia real estate association members -The Georgia governor -The mayors of every cit...

The CE Shop Final Exam Questions And Correct Answers What type of agency exists because of the actions and behavior of the parties? Action agency Behavioral agency Express agency Implied agency - answerImplied agency Which entity ensures that contractors perform their work according to code by inspecting their job sites? City hall The attorney general The building department The secretary of state - answerThe building department The secondary mortgage market is comprised of ________...

CE Shop KY Course Final Exams Questions And Correct Answers An appraiser will identify the general and specific data needed for an appraisal. What will determine the type of additional data needed? - answerThe type of property Which of the following is a true statement regarding new construction properties? - answerBoth home inspections and title insurance are recommended. Under which type of buyer agency agreement does a buyer receive the most representation from a single agent? - answer...

AZ CE Shop Practice Test Questions And Correct Answers Which of the following is true about mortgage brokers? -They don't service the loan beyond placement -They originate their own loans -They've paid through fees from originating and servicing loans -They service the loan for it's entire lifecycle - answerThey don't service the loan beyond placement Janalynne is a designated broker setting up the main place of business for her employing broker. Before officially opening for busine...

Real Estate - The CE Shop Exam Questions And Correct Answers 1031 tax-deferred exchange - answer"Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest the proceeds in a "like-kind" property and defer paying any capital gains taxes. Ex. Real estate investors can take advantage of the 1031 tax-deferred exchange to defer capital gains taxes when selling a property provided the money is rolled into another """"like"""" p...

CE Shop Final Exam Questions And Correct Answers Which of the following is the price a lender believes the property will bring at a foreclosure sale? - answermortgage value Burt terminated his exclusive right-to-sell listing agreement with Scott, his listing broker. Burt may legally do this as long as he's ________ - answerwilling to pay Scott's commission anyway what must a homeowner in DC disclose about a property built before 1978 if they have never tested it for lead paint? - answe...

©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM Ce shop Final Exam Questions And Correct Answers Blaire apparently hasn't learned her lesson. She paid a $5,000 penalty when MREC found her guilty of misrepresentation, a $10,000 penalty when she was found guilty of placing a for sale sign in someone's yard without permission, and now she's committed three more violations by placing a series of discriminatory ads. What's the maximum penalty MREC can levy for these new violations? - a...

©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM The CE Shop MLO Final Exam 1 Severance - answerWhich term describes the process of real property becoming personal property by detaching it from the land? FNMA, GNMA, FHLMC, and lending institutions that buy loans from other lenders - answerThe secondary mortgage market is comprised of _________________________. Discrimination through blockbusting, steering, and redlining The Fair Housing Act in 1968 was the first step in reversing the p...