First time homebuyer Study guides, Class notes & Summaries

AYPO Real Estate Principles of Real Estate I Exam Study Guide 2024 TREC has the authority under TRELA to suspend or even revoke a broker's license if: - Answer-They conduct the unlawful practice of law ESAC stands for: -Answer-Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? - Answer-Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? -Answer-5th Amendment. Th...

Illinois Real Estate Licensee Practice Questions Verified Answers The final decision on the listing price for a property is made by the a) listing broker b) sponsoring broker c) seller d) appraiser ️c) seller A rectangular parcel of land is 260 feet deep and 50 yards wide. How many square feet does it contain? a) 13,000 sq. ft. b) 36,400 sq. ft. c) 39,000 sq. ft. d) 52,000 sq. ft. ️c) 39,000 sq. ft. A fee simple holder of a parcel of real estate grants a life estate to ...

TEST: Understanding Niche Products Questions and Answer Repairs/renovations can begin AFTER the renovation loan closes. - Answer ️️ -ANSWER: True On a renovation loan, the LTV is based on the after-improved value of the home. - Answer ️️ - ANSWER: True On a FHA 203(k) Limited only structural repairs are allowed. - Answer ️️ -ANSWER: False Relief Refinance Program loans may only be manually underwritten. - Answer ️️ -ANSWER: False HomeOneSM and Home Possible® have medi...

Xinnix Ground School Questions and Answers 100% Correct first-time homebuyer - Someone who has never owned a home Move-up homebuyer - Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer - Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer - Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer - Experienced home...

AYPO Real Estate Principles of Real Estate I Exam Study Guide with Complete Solutions TREC has the authority under TRELA to suspend or even revoke a broker's license if: - answerThey conduct the unlawful practice of law ESAC stands for: - answerEducation Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? - answerSitus. Which amendment guarantees that a citizen will not be deprived of property without due process of law? - answer5...

AYPO Real Estate Principles 1 (2nd Try) Questions With 100% Correct Answers 2024 Trec has the authority under TRELA to suspend or even revoke a brokers license if - answerThe conduct the unlawful practice of law ESAC stands for - answerEducation Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? - answerSitus Which amendment guarantees that a citizen will not be deprived of property without due process of law - answer5th Amendment...

first-time homebuyer - Answer- Someone who has never owned a home Move-up homebuyer - Answer- Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer - Answer- Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer - Answer- Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer - Answer- Experienced homebuyers lookin...

Xinnix Ground School Exam Questions With Answers first-time homebuyer Someone who has never owned a home Move-up homebuyer Currently owns, or has previously owned a home and is looking to move up in price, location, size, etc. Relocation Homebuyer Purchasing a new home in a different city or state due to job transfer or personal desire Affluent homebuyer Well seasoned in home buying process. Knowledgeable, financially savvy, busy. Empty-nester homebuyer Experienced home...

Principles of Real Estate 1 Final Exam with Solutions If a real estate salesperson closes on a transaction, who pays the salesperson their commission? - Answer -The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? - Answer -Market Comparison Approach The market comparison approach is commonly used for this property type? - Answer -Residential The amount of goods offered for sale within a given ...

AYPO Real Estate Test 1 Questions with 100% Correct Answers | Verified | Updated 2024 one of the most powerful elements of the deceptive trade practices consumer protection act is its mandate to award which one? - answerAttorney's fees the party possessing an encumbrance on another partys property has a __________ that property. - answerall of these are correct - answerthe entity that wants to take your property must notify you that it wants to take your property a contraction or gener...