Prorations - Study guides, Class notes & Summaries

South Carolina Exam Prep: Closing Details Practice Questions and Answers What are the two ways a closing or settlement can be conducted? - Correct Answer ️️ -Face to face or escrow closing What is a face to face closing? - Correct Answer ️️ -Parties exchange documents and sign papers in a face to face setting What is an escrow closing? - Correct Answer ️️ -Prior to closing, the closing agent orders and reviews documents. Parties don't meet at all, paperwork is handled by esc...

PSI PA State Real Estate License Exam – With All Verified Solutions (Expert Rated A+) PSI PA State Real Estate License Exam – With All Verified Solutions (Expert Rated A+) Which of the following is not a requirement of the Real Estate Settlement Procedures Act? - ANSWER-A limit is placed on the fees a lender can charge a borrower. According to the Real Estate Settlement Procedures Act, which of the following is not true? - ANSWER-Deposit money. Which of the following is in the corr...

Real Estate Final Exam | 100 Questions| AcZoning is under the control of: - ANSWER government agencies. A contract that is binding and enforceable in a court of law is said to be: - ANSWER valid. Escrows base monthly prorations on how many days? - ANSWER 30 The area of a rectangular lot that is 50 feet wide by 100 feet deep is: - ANSWER 5,000 sq. ft. For about how much assessed value is the Homeowner's Property Tax Exemption? - ANSWER $7,000 Misuse of the real estate appraisal re...

A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for - ANSWER $300,000 What facts need not be disclosed in a real estate transaction? - ANSWER The property was the site of a homicide. What is a good graphic to show a seller that there will be more activity if the property is competitively priced? - ANSWER The pricing pyramid A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is $18,630. Prorati...

South Carolina Exam Prep: Closing Details Practice Questions and Answers What are the two ways a closing or settlement can be conducted? - Correct Answer ️️ -Face to face or escrow closing What is a face to face closing? - Correct Answer ️️ -Parties exchange documents and sign papers in a face to face setting What is an escrow closing? - Correct Answer ️️ -Prior to closing, the closing agent orders and reviews documents. Parties don't meet at all, paperwork is handled by esc...

A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for - ️️$300,000 What facts need not be disclosed in a real estate transaction? - ️️The property was the site of a homicide. What is a good graphic to show a seller that there will be more activity if the property is competitively priced? - ️️The pricing pyramid A home sells for $310,500. Expenses of the sale are $4,800. The brokerage fee is $18,630. Prorations...

Georgia real estate exam Questions With Verified And Updated Solutions. Easement by prescription - answerEasement acquired by continuous open and hostile use of the property for the period of time prescribed by state law Easement by necessity - answerEasement allowed by law as necessary for the full enjoyment of parcel of real estate .(right of ingress and egress over a grantors land) Rescission - answerThe practice of one party canceling or terminating a contract. Mortgagee - answerThe b...

PreLicensing Final Exam| Q & A, 100% verified| 2024 PreLicensing Final Exam| Q & A, 100% verified| 2024 A broker advertises his listing as waterfront. The property has a great view of the lake, but there is another lot located b/w the listed property & the lakeshore. The listing agent may be guilty of Willful B. Misrepresentation A broker engaging in property management is generally tasked by the property owner with C. Reinvesting profits to build the owner's investment portfolio...

An out-of -state investor sells a property in Colorado. The closing entity must withhold up to 2 percent of the - selling price as possible income tax liability The Closing Instructions form - must be part of every contract According to statue, "good funds," include a - tellers check from savings and loan All of the following must be disclosed to a tenant by a property manager EXCEPT: - Disclose the name and address of the landlord According to the Contract to Buy and Sell Real Estate - ...

45 Hour Post Licensing Exam |100 Questions| With All Correct Answers. A married couple have prequalified for a $240,000 conventional mortgage. If they put 20% down, they can buy a house for $300,000 What facts need not be disclosed in a real estate transaction? The property was the site of a homicide. What is a good graphic to show a seller that there will be more activity if the property is competitively priced? The pricing pyramid A home sells for $310,500. Expenses of the s...