Mortgage agent final exam Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Mortgage agent final exam? On this page you'll find 576 study documents about Mortgage agent final exam.
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GA MLS Real Estate Practical Final Exam Questions With Answers 2023 Solution
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GA MLS Real Estate Practical Final Exam Questions With Answers 2023 Solution 
 
 
Safety Clause - CORRECT ANS -A negotiated period after the termination of the listing during which the listing broker may still be entitled to a commission if the property is sold to a buyer who was shown the property during the listing period 
 
Survival Clause - CORRECT ANS -A clause in the contract for purchase and sale that, unless otherwise expressly agreed to in writing by the buyer and seller, allows certai...
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Mortgage Agent Final Exam Practice Questions with 100% Correct Answers | Latest Update 2023/2024 (GRADED A+)
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How must the cost of borrowing be expressed in a borrower disclosure form? - 
ANSWER The cost of borrowing must be disclosed as an annual percentage rate, 
section 8.1 of Regulation 191/08 states that it must also be disclosed in dollars and 
cents over the course of the term for all fixed and variable rate mortgages. 
When or under what circumstances would a Broker not have to supply his or her 
borrower with a borrower disclosure form? - ANSWER If the brokerage does not 
require the borrower t...
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Mortgage Agent Final Exam prep 2023 Graded A+
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Mortgage Agent Final Exam prep 2023 Graded A+ 
 
1. Briefly describe when a Mortgage Agent would be required to obtain the following documents from an applicant. 
a) T4: typically when a Borrower has salaried or hourly employment income 
b) T4A: typically when a Borrower has commission income 
c) Job Letter: typically when a Borrower's income or position information is required 
d) Paystub: typically in addition to a Job Letter to confirm that the individual is still employed and that the YTD i...
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Mortgage Agent Final Exam Practice Questions With Answers (2023/2024) Graded A+
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Mortgage Administrator - ANSWER An individual or entity that enforces 
payments by borrowers ON BEHALF OF LENDERS OR INVESTORS. Mortgage 
Administrators must be licensed. 
Public Register of licensees - ANSWER A registry required to be maintained by 
FSCO that provides access to licensee information 
Regulated activities - ANSWER As defined by the MBLAA, any activities that 
require a license which are currently listed as dealing or trading in mortgages and 
mortgage lending 
Tied Selling - ANSW...
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California Legal Aspects of Real Estate Final Exam 2022 (Answered)
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California Legal Aspects of Real Estate Final Exam 2022 (Answered) A promissory note is: a. evidence of the debt b. evidence of a sale c. a security inte rest in the property for the lender d. the same as a mortgage or trust deed In order to be considered an emancipated minor and have the capacity to contract, a minor must: a. be married, widowed, or divorced; have entered military service on active duty; or have received a declaration of emancipation from a court b. just state that he is an ema...
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Mortgage Agent Final Exam prep 2023
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Mortgage Agent Final Exam prep 2023...
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NYREI School Exam Questions and Answers Latest Version Graded A+
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NYREI School Exam Questions and Answers Latest Version Graded A+ What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license 
What is the preferred method of creating an agency relationship? expressed agency 
An amenity purchaser occupies or uses the purchased property 
Condominium units are considered _____ property and are conveyed by _____. real / deed 
A salesperson who is an independent contractor is not subject to withholding r...
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Mortgage Agent Final Exam Prep | Questions With Complete Solutions
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Mortgage Agent Final Exam Prep | Questions With Complete Solutions
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Mortgage Agent Final Exam Prep Questions with Answers 2023/2024 (Graded A+) & Mortgage Agent Final Exam Questions With Correct Answers Updated 2023/2024.
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Mortgage Agent Final Exam Prep Questions with Answers 2023/2024 (Graded A+) & Mortgage Agent Final Exam Questions With Correct Answers Updated 2023/2024.
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Gold Coast Final Exam Questions and Answers 100% Solved
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Gold Coast Final Exam Questions and Answers 100% Solved What is the form you sign that says you will pay the loan back ? promissory note 
What is the post licensing grace period after first expiration ? none 
Deposits is a form of... valuable consideration 
Physical land and improvements real property 
Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both Yes 
What is the maximum fine per offense ? $5,000 per fine...
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