Mlo practice exam Study guides, Class notes & Summaries
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![Real Estate: Practice Questions and Answers 100% Pass](/docpics/4939722/6611b3703bb76_4939722_121_171.jpeg)
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Real Estate: Practice Questions and Answers 100% Pass
- Exam (elaborations) • 74 pages • 2024
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Real Estate: Practice Questions and 
 
Answers 100% Pass 
 
A broker obtained an offer with a deposit from a buyer on June 10, 2008, which states that the 
offer was irrevocable for five days from date. There had been no acceptance by the next day 
when the buyer called and revoked his offer. The broker should: 
get an acceptance by June 15th. 
get an acceptance by June 16th. 
return the deposit to the buyer. 
place the deposit in escrow. return the deposit to the buyer. 
 
Informing a person th...
![NMLS Exam Questions with Correct Answers.docx](/docpics/5608365/66680bb616ff3_5608365_121_171.jpeg)
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NMLS Exam Questions with Correct Answers.docx
- Exam (elaborations) • 31 pages • 2024
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NMLS Exam Questions with Correct A 
 
Acceleration Clause - Answer-Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) 
Alienation Clause (Due on Sale Clause) - Answer-Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) 
 
Appraiser Independance Requirements replaced HVCC - Answer-home valuation code of conduct 
 
Due on Demand Clause - Answer-(Considered a predatory practice) The lender ...
MLO EXAM PRACTICE TEST
![NMLS Exam Questions with Correct Answers](/docpics/4545111/65d3a684bf152_4545111_121_171.jpeg)
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NMLS Exam Questions with Correct Answers
- Exam (elaborations) • 31 pages • 2024
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NMLS Exam Questions with Correct Answers 
 
Acceleration Clause - Answer-Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) 
 
Alienation Clause (Due on Sale Clause) - Answer-Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) 
 
Appraiser Independance Requirements replaced HVCC - Answer-home valuation code of conduct 
 
Due on Demand Clause - Answer-(Considered a predatory practice) Th...
![MLO SAFE NMLS safe test practice questions and answers latest updated](/docpics/4235357/65a56535a2a2f_4235357_121_171.jpeg)
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MLO SAFE NMLS safe test practice questions and answers latest updated
- Exam (elaborations) • 30 pages • 2024
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MLO SAFE NMLS safe test practice questions and answers latest updated 
Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. 
Predatory Lending. 
 
 
 
RESPA-Real Estate Settlement Procedures Act 
The Federal Statute that deals with the settlement of residential mortgage loans. 
 
 
 
 
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![SAFE MLO Exam 2021(UPDATED) Question and answers rated A+](/docpics/4152340/65985dc362a58_4152340_121_171.jpeg)
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SAFE MLO Exam 2021(UPDATED) Question and answers rated A+
- Exam (elaborations) • 10 pages • 2024
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SAFE MLO Exam 2021(UPDATED) Question and answers rated A+ 
AARMR stands for - correct answer American Association of Residential Mortgage Regulations 
 
AML - correct answer Anti-Money Laundering 
 
Blockbusting - correct answer Illegal practice of inducing homeowners to sell their properties cheaply by telling them that a certain people of a certain race, national origin or religion are moving into the area, and thus profiting by reselling at a higher price 
 
CC&R - correct answer covenants, ...
NMLS EXAM 2023 WITH 100% CORRECT ANSWERS
MLO SAFE NMLS safe test practice questions and answers 2022/2023
![MLO SAFE NMLS Safe Test Practice Questions And Answers (Verified And Updated)](/docpics/5307776/66446675510b5_5307776_121_171.jpeg)
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MLO SAFE NMLS Safe Test Practice Questions And Answers (Verified And Updated)
- Exam (elaborations) • 29 pages • 2024
- Available in package deal
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MLO SAFE NMLS Safe Test Practice 
Questions And Answers (Verified And 
Updated) 
Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan 
terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called 
__________________________. - answerPredatory Lending. 
RESPA-Real Estate Settlement Procedures Act - answerThe Federal Statute that deals with 
the settlement of residential mortgage loans. 
RESPA's section 9 Prohibits - a...
MLO Refresher Practice Exam #1 Questions with Answers 2023 (Verified)
![Practice NMLS test - 20 Hour Safe, Exam Review Questions and answers, Practice NMLS test - 20 Hour Safe, Exam Review Questions and answers, VERIFIED/ An application must be accompanied by fingerprints when applying for a. Licensed MLO b. Registered ML](/docpics/4558567/65d5a0333d2d0_4558567_121_171.jpeg)
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Practice NMLS test - 20 Hour Safe, Exam Review Questions and answers, Practice NMLS test - 20 Hour Safe, Exam Review Questions and answers, VERIFIED/ An application must be accompanied by fingerprints when applying for a. Licensed MLO b. Registered ML
- Exam (elaborations) • 45 pages • 2024
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Practice NMLS test - 20 Hour Safe, Exam 
Review Questions and answers, 
VERIFIED/ 
An application must be accompanied by fingerprints when applying for 
a. Licensed MLO 
b. Registered MLO 
c. not required 
d. required for both licensed and registered MLO - -d 
Quarterly mortgage call reports must be filed 
a. within 30 days of the end of the calendar quarter 
b. within 30 days of the end of the fiscal quarter 
c. within 45 days of the end of the calendar quarter 
d. within 45 days of the end...
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