First time homebuyer Study guides, Class notes & Summaries

Principles of Real Estate 1 Final Exam Questions And Answers All Correct Which of the following is NOT a form of real property? - ANS CooperativeIf a real estate salesperson closes on a transaction, who pays the salesperson their commission? - ANS The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? - ANS Market Comparison Approach The market comparison approach commonly used for this pr...

HUD Practice Test and Correct Answers Already Rated A Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Pay Stub A client would like to purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? Find a second job A credit report may contain which information? The num...

AYOP Principles of Real Estate 1 Exam Questions And Answers Fixity - ANS land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) Situs - ANS location preference from an economic standpoint rather than geographical Economic Characteristics of Land - ANS scarcity, modification, fixity, situs 3 physical characteristics of land - ANS non-homogeneity, immobility, and indestructibility Texas Real Estate Lic...

Xinnix Ground School Questions and Answers Already Graded A first-time homebuyer Someone who has never owned a home Move-up homebuyer Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer Experienced homebuyers look...

Xinnix Ground School Exam Questions And Answers @ 2024...

Aceable Agent Principles of Real Estate 2 Exam Questions with Correct Answers Amortization - answerThe repayment of a loan principle over time Arrears - answerPayment for an item or service after it's received Down Payment - answerThe initial payment made when buying something on credit, a ____________ is paid directly by the buyer to the seller Proration - answerThe allocation or distribution of an annual expense across smaller chunks of time Acreage - answerA unit of measurement used ...

What are NACA's Four Core Principles? Wear Their Shoes, Take Ownership, Check & Verify, & Be Relentless. Purchase Program NACA has developed a comprehensive housing counseling program where Members are prepared for homeownership and are qualified to obtain mortgage financing. This includes access to NACA's extraordinary mortgage product that makes affordable homeownership a reality - with no down payment, no closing costs, no fees, no mortgage insurance and a below market fixed interest...

Principles of Real Estate 1 Final Exam |REVISED| #Latest If a real estate salesperson closes on a transaction, who pays the salesperson their commission? *Ans* The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? *Ans* Market Comparison Approach The market comparison approach is commonly used for this property type? *Ans* Residential The amount of goods offered for sale within a given mark...

Xinnix Ground School Questions and complete solutions first-time homebuyer Move-up homebuyer Relocation Homebuyer Affluent homebuyer Empty-nester homebuyer. Investor homebuyer End lender in mortgage banking End lender in mortgage brokering Correspondent lenders Wholesale lenders Fannie Mae (FNMA) Freddie Mac (FHLMC) FHA VA Non-agency loans Conforming loans Jumbo loan Conventional Non-conforming URLA Construction loan Construction-permanent loan P...

Principles of Real Estate 1 Final Exam(202If a real estate salesperson closes on a transaction, who pays the salesperson their commission? - ANSWER The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? - ANSWER Market Comparison Approach The market comparison approach is commonly used for this property type? - ANSWER Residential The amount of goods offered for sale within a given market at a ...