Actual compucram - Study guides, Class notes & Summaries

ACTUAL CompuCram Exam 2024 Questions With Completed Answers To Score A+!! If a building sells for $1,200,000, produces a gross income of $12,000 monthly, and annual building expenses are $8,400, what is the gross annual rent multiplier? 8.30 QUESTION RATIONALE Remember, GRM uses gross income, not net income, so ignore the expenses of $8,400. Because the question asks for the annual rent multiplier, multiply the monthly income of $12,000 by 12 ($12,000 x 12 = $144,000). Use the GRM formula; V...

InterNachi test- Compucram Actual Questions and Answers 2024 with complete solution

NMLS Test Prep CompuCram Test Questions with 100% Correct Answers A borrower signs the note and mortgage for a refinance on his principal residence on Thursday, Dec. 31. What is the earliest day the funds for this loan could be disbursed (assuming no bona fide financial hardship)? - Correct Answer️️ -Wednesday, Jan. 6 Who manages the National Do Not Call Registry? - Correct Answer️️ -Federal Trade Commission What federal legislation regulates credit reporting agencies and lenders ...

CompuCram question & answers 2023 updated to passChapter 7 bankruptcy definition? A Chapter 7 bankruptcy could show on a credit report for a maximum of how many years? - correct answer aka liquidation proceeding - debtor turns over all non-exempt property to the bankruptcy trustee, who converts it to cash for distribution to the creditors. 10 years A constructive notice of title is an example of - correct answer a recorded deed or recorded note and mortgage. A $150,000 loan that require...

compucram P&C question and answers rated A+ 2023 verified to passvoluntary relinquishment or abandonment of a legal right under a valid contract - correct answer waiver does not have to be present in order for a contract to be legally binding to both parties - correct answer written agreement a moral hazard - correct answer tendency to create a loss on purpose to collect from the insurance company replacement costs on contents on all dwelling policies - correct answer can be added by e...

Compucram: Contracts question and answers rated A+ 2023Listing - correct answer A written agency contract between seller and a real estate broker, stating the broker will be paid a commission for finding (or attempting to find) a buyer for the seller's real property. implied contract - correct answer contract that has not been put into words but is implied by the actions of the parties exclusive right to sell - correct answer listing agreement that entitles the broker to a commission if a...

General Principles of Agency (CompuCram)question well answered rated A+ 2023 passedThe fiduciary duty of loyalty requires that the agent - correct answer Hold the principals interest above all other interest Which of the following would terminate an agency relationship between a seller and listing broker - correct answer Bankruptcy of the seller through operation of law If a buyer client of a broker wants to purchase a property listed by the broker, which of the following is true. - correc...