Va state real estate exam Study guides, Class notes & Summaries

Colorado state Real Estate Exam Questions and Answers 100% Pass The Amend/Extend Contract With Broker is used to change : - Correct Answer ️️ -Any contract to which the broker is a party According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract to Buy and Sell Real Estate: - Correct Answer ️️ -non-applicable financing conditions In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: - Correct Answer ️️ -A...

Basic Licensing Terms: Active Status - Answer-Any broker salesperson that is legally engaging in regulated acts of real estate brokerage Basic Licensing Terms: Actively Engaged - Answer-One with an active licenses, engaged in at least 40 hours per week in regulated real estate activity. This applies to brokers experience requirement (must be salesperson for 36 of 48 months) and to licensees seeking reciprocity. Basic Licensing Terms: Applicant - Answer-One who applies to the Board for a re...

MORTGAGE LOAN ORIGINATOR EXAM 2024 WITH 100% CORRECT ANSWERS What does RESPA stand for? - correct answer The Real Estate Settlement Procedures Act (Regulation X) What does ECOA stand for? - correct answer Equal Credit Opportunity Act (Regulation B) What does TILA stand for? - correct answer Truth In Lending Act (Regulation Z) What does TRID stand for? - correct answer TILA-RESPA Integrated Disclosure Rule (a.k.a. "Know Before You Owe") What does CFPB stand for? - correct answer ...

Superior NC Real Estate Important Final Exam QUESTIONS & Revised CORRECT ANSWERS <UPDATED&ALREADYPASSED> RESPA - ANSWER : -Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) - ANSWER : C. the trustor(s) The trustor is the borrow...

Exam For Texas Real Estate Principles 1 Questions and Answers 2024 There are seven sources of law in the United States, What would be an example of them? Local zoning laws, FHA/VA regulations, court decisions Laws passed by Congress and various other various state legislatures may Authorize agencies to pass rules and regulations to enforce the provisions of law The legal concept of precedent Grew out of common law Constitutional provisions Establish the rights of citizens and delineate...

NATIONAL PSI EXAM PRACTICE TEST ANSWERED 100% CORRECTLY Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media - answerA. In-house notes for showing are not seen by consumers an so do not have to follow state or federal laws. A couple accompanies a property inspector during an inspection of a house on which they have a contract. The inspector points to a six-in...

WASHINGTON STATE REAL ESTATE EXAM SET 1 | QUESTIONS & 100% VERIFIEDANSWERS | LATEST UPDATE | PASSED when does the real estate agent give the seller's a copy of their listing agreement form? Correct Answer: immediately what are the elements needed for a valid purchase and sales agreement? Correct Answer: consideration (not of monetary value), in writing & lawful purpose. There does not need to be earnest money but often is a mortgage that secures both real and personal property as c...

STATE (Nebraska) Real Estate Practice Exam 1 with Complete Solutions Restrictive Covenants prohibit all future owners from certain actions or modifications of their property and placed by private parties, consistency and desirability of a neighborhood Closing Disclosure, a statement of actual charges and adjustments, to the borrower by the lender The TRID form, TILA-RESPA escrow accounts that accumulate funds from closing costs and monthly payments to ensure that property taxes and ...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 Escrow and trust account must be ______ - answerseparate from checking account Written disclosure is required who the licensee represents in a brokerage relationship - when? - answerupon first substantive discussions about properties/specific properties or preforming any real estate services for client Print advertising - answerMust disclose licensee name and firm name For sale and lease signs - answermust have firm name ...