Escrow co - Study guides, Class notes & Summaries

CO Real Estate VanEd Questions and Answers 100% Pass Purpose of the Real Estate Commission law - Correct Answer ️️ -To protect the public of the State of CO in All real estate matters Conway-Bogue Decision - Correct Answer ️️ -Confirming a licensees right to a limited practice of law. Brokers my not charge a separate fee for preparing docs and that they must use the state's standard and approved forms. Commission may investigate upon written complaint... - Correct Answer ️️ -...

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

Hawaii Real Estate Review Quiz 1 100% Correct Solved The ownership of a condo unit differs from that of an ownership in a co-op apt project in which of the following ways A) You can be deeded fee simple title on a condo unit B) THe owner of a co-op apt projects owns an undivided interst in the entire project C) Condo's are subject to subdivision laws D) They are identical - Correct Answer ️️ -A) You can be deeded fee simple title on a condo unit A licensed broker can establish his m...

National Real Estate Exam Questions and Answers 100% Pass 1. Efforts to increase homeownership include all the following EXCEPT A) requiring lower down payments. B) penalizing first-time homebuyers for using funds from IRA's. C) requiring loan applicants to have better credit. D) lowering closing costs for first-time home buyers. C) requiring loan applicants to have better credit. The real cost of owning a home includes certain costs/expenses that many people overlook. Which of t...

Colorado Real Estate Exam – Questions and Answers Already Passed Who of the following is exempt from real estate license law? Investors who own 12 investment properties and sell one to an owner-occupant The purpose of the CRE Commission is to... Protect the public of the state of CO in real estate matters If a broker is accused of a violation of license law in a complaint to the commission investigative staff and its determined that the violation probably happened, the commission... May deci...

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...

Long Beach salesperson Eric Janey is providing sellers Julie and Zach Roberts with the necessary disclosures they must be given upon the sale of real property. Which of the following is NOT a disclosure that is given upon the sale of real property? - Mold Disclosure Required Lead-based Paint Disclosure Required Natural Hazards Disclosure Required Radon Detection Test Disclosure - NOT REQUIRED IN CA Escrow cannot be terminated in which of the following ways? - Death of one of the princip...

When selling an individual condominium unit which of the following would be appurtenant to the unit? - Cabinets in the unit Bob and Jerry take title together. Bob owns one half and Jerry owns one half of the same property. What form of co-ownership does the law presume? - Tenancy in common Owner's title insurance will cover: - Damages if the title is unmarketable When a city buys real estate they would take title as: - Sole and separate Developer George purchased 5 acres of residential la...

__________ occurs if the lender chooses the hazard insurance company when the borrower allows the policy to lapse. - Forced-placed insurance "APR" means? - Annual percentage rate. This is the cost of credit expressed as a percentage. A borrower is refinancing his home. How much time does Reg Z give him to change his mind? - 3 days A co-borrower whose income is used to qualify must sign the: - Mortgage and the note A deed is: - A legal instrument that conveys title to real property. A fu...

CO Real Estate VanEd Questions and Answers 100% Pass Purpose of the Real Estate Commission law - Correct Answer ️️ -To protect the public of the State of CO in All real estate matters Conway-Bogue Decision - Correct Answer ️️ -Confirming a licensees right to a limited practice of law. Brokers my not charge a separate fee for preparing docs and that they must use the state's standard and approved forms. Commission may investigate upon written complaint... - Correct Answer ️️ -...