Rmlos Study guides, Class notes & Summaries

Principles of Real Estate MC 1 Exam With 100% Correct Answers 2024 Brokerage is the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction. a. True b. False - answerA Property managers are generally responsible for the of a property that they manage. a. Day-to-day operations b. Maintenance c. Tenant relations d. All of the above - answerD Mortgage brokers are now known as: a. TFBs b. SROs c. RMLOs d. RBITs - answerC Th...

Champions Principles of Real Estate 1 FINAL EXAM Q&A ALREADY PASSED a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of A.) scarcity B.) Fixity C.) Situs D.) Modification - ANSWER D.) Modification The supply of Real Estate is affected by A.) Land cost B.) Building codes C.) Government regulations D.) All of these - ANSWER D.) All of these...

the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction. - brokerage Are also know as mortgage brokers - RMLOs The largest trade organization representing real estate professionals - NAR A fair return or equivalent in goods, services, or money for something exchanged - Value the business of providing a professional opinion of the value of real property - appraisal business of providing money to individuals or corporations for...

Champions - Principles of Real Estate 1 Latest Version Graded A+ Brokerage The aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction. Appraiser Person who provides opinion of value in appraisal report Residential Mortgage Loan Originator (RMLOs) aka Mortgage Brokers. Licensed in Texas by the TX Dept. of Savings & Mortgage Lending Property Managers are responsible for... 1.) Day-to-day operations 2.) Maintenance 3.) ...

Finance exam Champions Questions & Answeorigination - ANSWERSprocess of creating a new mortgage loan funding - ANSWERSThe process of transferring funds to a title or escrow company for disbursement underwriting - ANSWERSprocess of evaluating a borrowers loan application to determine the risk involved for the lender servicing - ANSWERSsending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies processing - ANSWERSco...

brokerage - the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction. RMLOs - Are also know as mortgage brokers NAR - The largest trade organization representing real estate professionals Value - A fair return or equivalent in goods, services, or money for something exchanged appraisal - the business of providing a professional opinion of the value of real property mortgage lending - business of providing money to individuals ...

the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction. - brokerage Are also know as mortgage brokers - RMLOs The largest trade organization representing real estate professionals - NAR A fair return or equivalent in goods, services, or money for something exchanged - Value the business of providing a professional opinion of the value of real property - appraisal business of providing money to individuals or corporations for...

Appraisal is the business of: correct answer: Providing a professional opinion of the value of real property A professional association whose local affiliates own and operate MLS systems throughout the United States is the: correct answer: NAR RMLOs in Texas are licensed through correct answer: Texas Department of Savings and Mortgage Lending Indestructibility, a physical characteristic of land, is also known as: correct answer: Durability A freeway has made commuting to a distan...

a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of A.) scarcity B.) Fixity C.) Situs D.) Modification - D.) Modification The supply of Real Estate is affected by A.) Land cost B.) Building codes C.) Government regulations D.) All of these - D.) All of these The least important factor affecting demand for real estate is: A.) Population Growth B.) Per...

origination - ANSWER-process of creating a new mortgage loan funding - ANSWER-The process of transferring funds to a title or escrow company for disbursement underwriting - ANSWER-process of evaluating a borrowers loan application to determine the risk involved for the lender servicing - ANSWER-sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies processing - ANSWER-collecting info about a borrower in order ...