Non judicial foreclosure - Study guides, Class notes & Summaries
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BF Cram Exam 5 Questions & Answers 2024
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BF Cram Exam 5 Questions & Answers 2024 
 
 
In which way are a mortgage and a mortgage note similar? 
 
A. both are non negotiable instruments 
B. both are debt reducing instruments 
C. both are contracts 
D. both promise to pay the debt and are instruments of conveyance - ANSWER-C. both are contracts 
 
All of the following are collateral (security) for the debt except: 
 
A. mortgage 
B. note 
C. security deed 
D. trust deed - ANSWER-B. note 
 
What type of foreclosure does a lien theory stat...
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RECA Residential Exam Questions and Answers 100% Correct 2024
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RECA Residential Exam Questions and Answers 100% Correct 2024 
Fiduciary Representation 
- Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity 
1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Must disclose in writing 
- the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence consumers decision to proceed with 
relationship 
made to clari...
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Colibri Real Estate Practice Final Exam with Complete Solutions
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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...
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REE 3043 Final Test Questions and Answers All Correct
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REE 3043 Final Test Questions and Answers All Correct 
Since the issues in many transactions are similar, brokers often use standard preprinted contract forms. Generally, the best standard form contracts are those prepared and approved by which of the following parties? - Answer-Local Board of Realtors 
 
When contracts for the sale of real property are placed with with a dis interested third party for executing and closing, they are said to be place in: - Answer-Escrow 
 
If a seller defaults ...
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Florida Real Estate Exam Graded A+
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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...
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Colibri Real Estate Practice Final Exam Questions & Correct Answers | Latest Update | Already Graded A+
- Exam (elaborations) • 17 pages • 2024
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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 to Cuban neighborhood. Then the 
buyer asked if Lena could show her ...
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Arkansas Real Estate Exam Study Guide
- Exam (elaborations) • 20 pages • 2024
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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. Special 
B. Quitclaim 
C. General warranty 
D. Perma...
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Ga Real Estate Study Guide Exam Well Answered Rated A+ 2024.
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Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - Answer Torrens System 
 
Non-judicial foreclosure is required to foreclose on a - Answer 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 - Answer Blockbusting 
 
What type of agency cannot be revoked by the principal, nor is terminated if the principal dies? - Answer Agency coupled with an inte...
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Legal Aspects of Real Estate Chapter 11 Already Passed
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Legal Aspects of Real Estate Chapter 11 Already Passed 
What conveys title rights in a property over to an assigned trustee? 
A right of assignment 
A subordination clause 
A deed of trust A release of deed A deed of trust 
What was passed by Congress in 1977 to prevent redlining and to encourage banks and thrifts to help meet the credit needs of all segments of their communities, including low-and moderate-income neighborhoods? 
The Economic Recovery Act 
The Equal Opportunity Act 
The Tax Reli...
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Florida Real Estate Exam Already Graded A+!!!! 2 LATEST VERSIONS
- Exam (elaborations) • 63 pages • 2023
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Florida Real Estate Exam Already 
Graded A+!!!! 2 LATEST VERSIONS 
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? - Answer 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 ...
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