Va state real estate - Study guides, Class notes & Summaries

Real Estate Salesperson Exam - VA State and National Questions and Answers 100% CorrectReal Estate Salesperson Exam - VA State and National Questions and Answers 100% CorrectReal Estate Salesperson Exam - VA State and National Questions and Answers 100% CorrectReal Estate Salesperson Exam - VA State and National Questions and Answers 100% Correct Abstract of Title - ANSWER-A condensed history of property An acre contains (sq. ft.) - ANSWER-43,560 sq. ft. An administrator is - ANSWER-appoi...

Superior NC Real Estate Important Final Exam QUESTIONS & Revised CORRECT ANSWERS <UPDATED&ALREADYPASSED> RESPA - ANSWER : -Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) - ANSWER : C. the trustor(s) The trustor is the borrow...

1. Which of the following statements is true regarding a mortgage loan originator (MLO)? A mortgage loan originator is the same as a mortgage broker. *A mortgage loan originator must have a separate license. A mortgage loan originator makes loans. A mortgage loan originator must have a real estate license. 2. A real estate appraiser's fee for professional service is based on which of the following? A percentage of the property's gross income. A percentage of the fair market valu...

MORTGAGE LOAN ORIGINATOR EXAM 2024 WITH 100% CORRECT ANSWERS What does RESPA stand for? - correct answer The Real Estate Settlement Procedures Act (Regulation X) What does ECOA stand for? - correct answer Equal Credit Opportunity Act (Regulation B) What does TILA stand for? - correct answer Truth In Lending Act (Regulation Z) What does TRID stand for? - correct answer TILA-RESPA Integrated Disclosure Rule (a.k.a. "Know Before You Owe") What does CFPB stand for? - correct answer ...

Basic Licensing Terms: Active Status - Answer-Any broker salesperson that is legally engaging in regulated acts of real estate brokerage Basic Licensing Terms: Actively Engaged - Answer-One with an active licenses, engaged in at least 40 hours per week in regulated real estate activity. This applies to brokers experience requirement (must be salesperson for 36 of 48 months) and to licensees seeking reciprocity. Basic Licensing Terms: Applicant - Answer-One who applies to the Board for a re...

NATIONAL PSI EXAM PRACTICE TEST ANSWERED 100% CORRECTLY Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media - answerA. In-house notes for showing are not seen by consumers an so do not have to follow state or federal laws. A couple accompanies a property inspector during an inspection of a house on which they have a contract. The inspector points to a six-in...

Exam For Texas Real Estate Principles 1 Questions and Answers 2024 There are seven sources of law in the United States, What would be an example of them? Local zoning laws, FHA/VA regulations, court decisions Laws passed by Congress and various other various state legislatures may Authorize agencies to pass rules and regulations to enforce the provisions of law The legal concept of precedent Grew out of common law Constitutional provisions Establish the rights of citizens and delineate...

A brokerage relationship is a correct answerscontractual one A brokerage relationship is between the correct answersbrokerage and the client, even if the salesperson initiated the relationship A brokerage agreement must be signed before the licensee performs any correct answerslicensed activities for the client Licensees must disclose that they work for their brokerage when they have correct answerstheir first substantive discussion with a client about a specific property Limited ser...

WASHINGTON STATE REAL ESTATE EXAM SET 1 | QUESTIONS & 100% VERIFIEDANSWERS | LATEST UPDATE | PASSED when does the real estate agent give the seller's a copy of their listing agreement form? Correct Answer: immediately what are the elements needed for a valid purchase and sales agreement? Correct Answer: consideration (not of monetary value), in writing & lawful purpose. There does not need to be earnest money but often is a mortgage that secures both real and personal property as c...