Escalation clause Study guides, Class notes & Summaries

Real Estate Exam Questions And Correct Answers, With Complete Verified Solution 100% Constructive Fraud Misleading without intention Private Nuisance A nuisance that affects only a single individual or a very limited number of individuals. Public Nuisance An owner's use of land that causes damage or inconvenience to the general public. GI Zone heavy manufacturing zone eligibility VA loan requires a certificate of ________ Escalation Clause real estate contract offer where the buye...

Residential Property Management - Final Exam (Wells) Questions with 100% Correct Answers | Latest Update 2024 The on-site commercial property manager - Answer ️️ -is one of the most important members of the management team. He or she is responsible for the day-to-day operations of a single large property, such as an office building or a shopping center. (pg. 428) The commercial property manager - Answer ️️ -coordinates fire and police protection services, and emergency evacuation a...

Real Estate- Maine Learning GroupEquitable Right of Redemption - correct answer The right of a defaulted borrower to redeem the property after foreclosure proceedings have begun & before the foreclosure sale by paying off the loan balance, plus interest until the day of payoff & costs. Written Policy Manual - correct answer Identifies & describes the types of real estate brokerage relationships in which the broker & affiliated licenses may engage. (Maine requirement) National Association o...

Champions Real Estate Finance Exam (2024) || Questions & Answers (Rated A+) Champions Real Estate Finance Exam (2024) || Questions & Answers (Rated A+) Mortgage - ANSWER - A pledge of real property as security for a debt. Deed of Trust - ANSWER - A three party loan instrument - borrower, lender and trustee. Note, Promissory Note - ANSWER - A personal promise to repay a debt. Mortgagor - ANSWER - Borrower under a mortgage Mortgagee - ANSWER - Lender under a mortgage Beneficiary...

ASREB PracTEST 100% Correct Solved Who does a salesperson represent? A. Client B. Customer C. Employing Broker D. Co-operating Broker - Correct Answer ️️ -Employing broker when must licensee report criminal conviction - Correct Answer ️️ -10 days licensed mortgage loan originators are registered through - Correct Answer ️️ -Nation Wide Mortgage Licensing System a clause in real estate transactions allows adjustments of payments up or down - Correct Answer ️️ -escalation...

Federal interstate land sells Full Disclosure Act - applies to all unimproved land sold interstate. If a buyer or tenant does not receive this report before signing, he may void his contract or lease Appraisers Principles to Value (9) - Highest and Best use, Principle of Substitution, Principle of Conformity, Principle of Increasing and Decreasing Returns, Principle of Contribution, The Principle of Regression, The principle of Competition, The Principle of Change, The Principle of Anticipat...

Real Estate Finance – Champions Questions and Mortgage - ANSWERSA pledge of real property as security for a debt. Deed of Trust - ANSWERSA three party loan instrument - borrower, lender and trustee. Note, Promissory Note - ANSWERSA personal promise to repay a debt. Mortgagor - ANSWERSBorrower under a mortgage Mortgagee - ANSWERSLender under a mortgage Beneficiary - ANSWERSLender under a deed of trust Trustor - ANSWERSBorrower under a deed of trust Trustee - ANSWERSA third...

Residential Property Management - Final Exam (Wells) Questions with 100% Correct Answers | Latest Update 2024 The on-site commercial property manager - Answer ️️ -is one of the most important members of the management team. He or she is responsible for the day-to-day operations of a single large property, such as an office building or a shopping center. (pg. 428) The commercial property manager - Answer ️️ -coordinates fire and police protection services, and emergency evacuation a...

Who does a salesperson represent? A. Client B. Customer C. Employing Broker D. Co-operating Broker - correct answer Employing broker when must licensee report criminal conviction - correct answer 10 days licensed mortgage loan originators are registered through - correct answer Nation Wide Mortgage Licensing System a clause in real estate transactions allows adjustments of payments up or down - correct answer escalation clause escrow company may disperse commissions direc...

Michigan Real Estate Exam With Verified Solutions 1. Vendee: Someone who buys or purchases property, especially under a deed. 2. Vendor: A seller, particularly someone selling property through a contract for deed. 3. Escalation Clause: A provision in a contract that allows for an increase or decrease in interest rates based on a specified annual percentage or other conditions. 4. Deed: A written document that transfers title (ownership) of real property from one party to another. 5. ...