Judicial foreclosure - Study guides, Class notes & Summaries

Under the _______ of recording, title passes when the conveyance is registered on the title certificate. Torrens System Non-judicial foreclosure is required to foreclose on a Deed of Trust A broker induces an owner to sell by telling him that Muslims are moving into the neighborhood. This broker is guilty of Blockbusting What type of agency cannot be revoked by the principal, nor is terminated if the principal dies? Agency coupled with an interest Ownership of a property reverted to ...

Real Estate- Maine Learning Group Study Guide Test 2024. Equitable Right of Redemption - correct answer The right of a defaulted borrower to redeem the property after foreclosure proceedings have begun & before the foreclosure sale by paying off the loan balance, plus interest until the day of payoff & costs. Written Policy Manual - correct answer Identifies & describes the types of real estate brokerage relationships in which the broker & affiliated licenses may engage. (Maine requirement) ...

1 NATIONAL REAL ESTATE EXAM PORTION FOR OHIO/ REVIEW QUESTIONS AND ANSWERS, GRADED A+ Tenancy at Will - -No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - -Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - -Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Tenants - ...

Why is the condition of bearing walls more important than non bearing walls? - correct answer Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has - correct answer transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? - correct answer Stabilized budget A buyer told broker Lena that she wants to move to Cuban neighborhood. ...

Arkansas Real Estate Exam Verified Answers Homeowner Dean owns the Northwestern 1/2 of the Northwestern 1/2 of the Northeastern 1/4 of the southwestern 1/4 of the south western 1/4 of section 31. how many acres is that property? A. 5 acres B. 10 acres C. 80 acres D. 2.5 acres ️2 x 2 x 4 x 4 x 4= 256 640/256= 2.5 D. 2.5 acres Seller Gareth is certain there are no clouds on his property's title. What type of deed should he provide buyers to show his assurance of title? A....

Samuel wants to do a 1031 exchange. He sold his investment property and has identified the property he'd like to buy next. Within how many days must he close on this property in order for it to qualify as part of the exchange? correct answers a. 180 b. 30 c.45 d.60 a. He has 45 days to identify a property he would like to purchase and 180 days to close on it, from time of sale. In which form of co-ownership is a person's ownership inheritable? correct answers a. Joint tenancy b. Tena...

Florida Real Estate Exam Graded A+ Samuel wants to do a 1031 exchange. He sold his investment property and has identified the property he'd like to buy next. Within how many days must he close on this property in order for it to qualify as part of the exchange? ️a. 180 b. 30 c.45 d.60 a. He has 45 days to identify a property he would like to purchase and 180 days to close on it, from time of sale. In which form of co-ownership is a person's ownership inheritable? ️a. Join...

HUD Housing Counselor Exa1 Question and answers correctly solved 2024Default - correct answer Non payment of a mortgage debt. Typically considered this when a payment has not been made after 60-90 days. For FHA loans, it is only 30 days. Delinquent - correct answer At-least one full payment is past due (like if it is due the 1st, and it is now the 2nd) Judicial Foreclosure - correct answer Requires a court decision to execute the foreclosure. Typically a longer process than non-ju...

Colibri Real Estate Practice Final Exam with Complete Solutions Why is the condition of bearing walls more important than non bearing walls? Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? Stabilized budget A buyer told broker Lena that she wants to move t...

Hypothecation - ANSWER pledging property as collateral for Title Theory - ANSWER lender owns, borrower has equitable title a loan without giving up possession Mortgagee - ANSWER Lender Mortgagor - ANSWER borrower Non Judicial foreclosure - ANSWER *CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure - ANSWER No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure -...