Escrow co - Study guides, Class notes & Summaries

Gold Coast Real Estate Exam Verified 100% PASS!! Tract building When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate A licensed broker working for another broker False A florida real estate license applicant ...

Escrow chapter 4.

NMLS Final Exam Questions With Answers Latest Updated 2023-2024 | 100% Verified. TILA disclosure must be given to the applicant within how many days after receiving the signed loan application for a reverse mortgage - ANSWER 3 business days Truth in lending disclosure must be delivered within how many business days prior to closing a reverse mortgage - ANSWER 7 days The APR must be finalized at least how many days before closing? - ANSWER 3 days A company with which a consumer has an establ...

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content Exam Questions With Verified Answers What does UST stand for? - answerUniform State Test Who does the CFPB protect? - answerThe Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - answerCFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are shopping for,...

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 clause escrow company may disperse commissions direc...

How much can you spend on a special event for a client? - Answer-$75 Encumbrances - Answer-A claim, lien, charge, or liability attached to and binding real property Solvency - Answer-the possession of assets in excess of liabilities; ability to pay one's debts. Escrow - Answer-is the process of holding monetary funds by a title agency or bank for the purpose of offering or purchasing real property. Title Insurance - Answer-is the product that is purchased to protect the rights of the owner...

Hawaii Real Estate Review Quiz 1 Complete Guide The ownership of a condo unit differs from that of an ownership in a co-op apt project in which of the following ways A) You can be deeded fee simple title on a condo unit B) THe owner of a co-op apt projects owns an undivided interst in the entire project C) Condo's are subject to subdivision laws D) They are identical ️A) You can be deeded fee simple title on a condo unit A licensed broker can establish his main office in which o...

Abstract of Title - ANSWERA summary of public records relating to the title to a particular tract of land. Acknowledgement - ANSWERA formal declaration before a duly authorized officer (usually a notary public) by a person who has executed an instrument that such execution is his own act and deed. An acknowledgement is necessary to entitle some instruments to be recorded, to impart constructive notice of its contents and to entitle the instruments to be used as evidence without further proof....

A person works for an owner-developer and is paid on a salary basis. Along with that, they also earn a bonus for each lot sold in the development. Are they required to hold an active real estate license? - Yes. Anyone who makes a commission from sales must hold an active RE license. A prospective buyer of an existing condo (resale) unit just receive what document(s)? - 1. Most recent year-end financial report 2. Rules of the assocation 3. Governance form A sales associate receives an earn...

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...