Escrow final review Study guides, Class notes & Summaries

KY Real Estate 2 Questions and Answers Graded A Which of the following is true regarding the Kentucky Real Estate Commission? A.) Commissioners serve staggered 6-year terms. B.) Seven members are elected to 5-year terms. C.) One member must represent the public. D.) Members are elected to office by the public. C The Kentucky Real Estate Commission is empowered to A.) enact laws to regulate the real estate industry. B.) establish uniform standards for brokerage operations such as commissio...

Real Estate Principles Final Exam Colibri Questions and Answers 100% Pass Long Beach salesperson Eric Janey is providing sellers Julie and Zach Roberts with the necessary disclosures they must be given upon the sale of real property. Which of the following is NOT a disclosure that is given upon the sale of real property? - Answer- Mold Disclosure Required Lead-based Paint Disclosure Required Natural Hazards Disclosure Required Radon Detection Test Disclosure - NOT REQUIRED IN CA Escrow ...

Loan Signing Questions and Answers Rated A contingency a clause in an agreement that keeps things from being legally binding unless a condition is met. A typical contingency clause might read like this: "This contract is contingent upon Buyer successfully obtaining a mortgage loan at an interest rate of 6 percent or less." recording fee The fee charged by a government agency for registering or recording a real estate purchase or sale, so that it becomes a matter of public record. Recording fe...

Florida Real Estate State Exam: Gold Coast Q&A CRAM EXAM 1&2 Property management Abesntee ownership has increased the demand for which area of brokerage A fee based upon time and difficulty of appraisal What is a real estate appraiser is paid A subdivision plat map What does the local planning agency have the authority to approve Dedication What is it called when a developer gives land to a governmental body? Property management What business is a license engaged in who...

Real Estate Final Escrow Exam Questions & Answers 2023/2024 1 month/1 year - ANSWER-30 days=1 month / for escrow and proration purposes 1 year = 12 months, 52 weeks. 100-year flood zone - ANSWER-The area has a 1 percent or greater chance of a major flood occurring in any given year. 17-day period after acceptance - ANSWER-The number of days that buyers have within which to do their due diligence, order inspections, conduct investigations, and review any disclosures delivered by the se...

COLORADO REAL ESTATE EXAM FINAL REVIEW QUESTIONS AND ANSWERS, RATED A+/ According to the Truth in Lending Act, if any 'trigger terms' are used in an ad, all of the following disclosures MUST appear in the ad EXCEPT the - -amount of the down payment The Settlement Sheet prepared for the closing must be signed by - -the licensee who personally established a brokerage relationship with the party An administrative assistant may - -Write checks from escrow account FIRPTA may require proce...

Colibri Real Estate (Real Estate Express) Final Exam Review Questions and Answers 100% Accurate Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission...

Gold Coast RE Final Exam Questions With complete solutions | Latest Update Graded A+. What does the license law require that a licensee complete before the first renewal of a Florida real estate license? a. A continuing education course b. A minimum number of transactions c. A post-licensing course d. A REALTOR® orientation course - Answer- C. post-licensing course 11. In a brokerage corporation, the officers and directors can be active or inactive brokers or nonlicensed registered perso...

CISA Domain 3 Missed 56 Questions with Verified Answers When auditing the proposed acquisition of a new computer system, an IS auditor should FIRST ensure that: a clear business case has been approved by management. corporate security standards will be met. users will be involved in the implementation plan. the new system will meet all required user functionality. - CORRECT ANSWER A is the correct answer. Justification The first concern of an IS auditor is to ensure that the proposal me...

Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+ 312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be ...