Escalation clause - Study guides, Class notes & Summaries

Texas Salesperson Real Estate Exam (National) Latest 2023 Graded A Real Property Land and Improvements and the Right to Use Them Fixture Personal property that has been attached. "Installed" or "Annexation" Trade Fixtures Required to run a business. They may be removed from the property prior to the termination of the lease. (Doctors, Dentists, Chef, Barber) Non-homogeneity Land: No two pieces are exactly alike. Immobility Land: Cannot be moved Indestructibility Land: "Durability" - i...

Residential Property Management - Final Exam (Wells) Questions with 100% Correct Answers | Latest Update 2024 The on-site commercial property manager - Answer ️️ -is one of the most important members of the management team. He or she is responsible for the day-to-day operations of a single large property, such as an office building or a shopping center. (pg. 428) The commercial property manager - Answer ️️ -coordinates fire and police protection services, and emergency evacuation a...

Dodd-Frank Act (the Wall Street Reform and Consumer Protection Act) Combined TILA and RESPA into TRID Gross income multiplier Price divided by rent equals 2 A broker can offer a guaranteed buyback of a property after ___ yr pd of ownership 10 The borrower has __ days after receiving LE to respond to lender Release clause In blanket loan. Allows borrower to obtain partial releases of specific lots by making required lump sum parts Term Loan Loan with interest only at the end of...

Property Management - Exam 1 - Chapters 1-5 Graded A+ Chapter 1 Goals of the Property Manager 1. Achieve the objectives of the property owners; 2. Generate income for the owners; 3. Perserve and/or increase the value of the investment property. Development of the Property Management Profession Steel frame buildings and the electric elevator. Development of the suburban areas. Classification of real property 1.Residential 2. Commercial 3. Industrial 4. Special-purpose Chapter 2 Season Var...

Michigan Real Estate Exam 2023-2024 Questions and Answers 100% CorrectMichigan Real Estate Exam 2023-2024 Questions and Answers 100% CorrectMichigan Real Estate Exam 2023-2024 Questions and Answers 100% Correct vendee - ANSWER-a buyer or purchaser particularly someone buying property under a deed vendor - ANSWER-seller ,particularly someone selling property by means of a contract for deed escalation clause - ANSWER-increase or decrease interest rate based on annual percent deed - ANSWE...

ASREB PracTEST 100% Correct Solved Who does a salesperson represent? A. Client B. Customer C. Employing Broker D. Co-operating Broker - Correct Answer ️️ -Employing broker when must licensee report criminal conviction - Correct Answer ️️ -10 days licensed mortgage loan originators are registered through - Correct Answer ️️ -Nation Wide Mortgage Licensing System a clause in real estate transactions allows adjustments of payments up or down - Correct Answer ️️ -escalation...

ECOA is Regulation ______ - ANSWER-Regulation B TILA is administered by ______ - ANSWER-CFPB HOEPA considers a loan to be high cost if total charges to borrower exceeds ______ % of loan amount? - ANSWER-5% For reverse mortgage, TILA disclosure must be delivered how many days prior to closing? - ANSWER-7 days Home Mortgage Disclosure Act (HMDA) implemented by _____ - ANSWER-FRB Loan amount, gender, race, & age; which is not required on HMDA? - ANSWER-Age HMDA does not - ANSWER-Set lending...

vendee a buyer or purchaser particularly someone buying property under a deed vendor seller ,particularly someone selling property by means of a contract for deed escalation clause increase or decrease interest rate based on annual percent deed written document conveys title to real property deed of trust voluntary lien on real property to secure repayment of debt deed restriction provisions in deed that restrict land use quitclaim deed deed that ...

Which class of office building is aimed at tenants requiring functional space at below-average rents for the area? - Class C Class C office buildings command below-average rates for the area. They're functional, but not prestigious. With a triple net lease, the tenant pays _______ separately from the base rent. - Taxes, insurance, and maintenance When two very similar properties are for sale in the same neighborhood, which one will sell first according to the principle of substitution? -...

NMLS Practice Test Hard Questions and A A discount point is BEST described as a charge the borrower pays to: A.)A lender to decrease the interest rate on the mortgage loan B.)A mortgage broker at the time of application to obtain a favorable rate C.)The seller as part of the closing costs of a loan D.)A lender to ensure against foreclosure - Answer-A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of $5,000. The buyer pays an ad...