Mortgage agent final Study guides, Class notes & Summaries
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Colibri Real Estate (Real Estate Express) Final Exam Review 2023-2024 (UPDATED) Fully Solved Assured A+.
- Exam (elaborations) • 68 pages • 2023
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Colibri Real Estate (Real Estate Express) Final Exam Review (UPDATED) Fully Solved Assured A+. 
Broker Jane has been accused of a law violation regarding commissions. Which of the 
following might result in her being found guilty? 
A) Jane paid a commission to her licensed personal assistant. 
B) Jane paid a commission to the wife of one of her licensees who was recently killed in an 
auto accident. The deceased licensee had earned the commission prior to his death. 
C) Jane paid a commission p...
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CE Shop Final Exam Course 2 Questions With Complete Solutions(Guaranteed Success)
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CE Shop Final Exam Course 2 Questions With Complete Solutions(Guaranteed Success) 
 
What is the maximum amount of time a protection or override clause can be in effect? - correct answer...Six Months 
 
Appraiser John is determining how a property is being used to determine a more optimal function. What is he determining? - correct answer...Highest and Best Use 
 
Which of the following statements is true about the listing presentation? 
It's best to leave out financial data (such as a CMA or co...
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Mortgage Agent Final Exam prep 2024/2025
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Mortgage Agent Final Exam prep 2024/2025 
1. Briefly describe when a Mortgage Agent would be required to obtain the following documents 
from an applicant. - answera) T4: typically when a Borrower has salaried or hourly 
employment income 
b) T4A: typically when a Borrower has commission income 
c) Job Letter: typically when a Borrower's income or position information is required 
d) Paystub: typically in addition to a Job Letter to confirm that the individual is still employed 
and that the YT...
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Mortgage Agent Final Exam prep 2024/2025
- Exam (elaborations) • 15 pages • 2024
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Mortgage Agent Final Exam prep 2024/2025 
1. Briefly describe when a Mortgage Agent would be required to obtain the following documents 
from an applicant. - answera) T4: typically when a Borrower has salaried or hourly 
employment income 
b) T4A: typically when a Borrower has commission income 
c) Job Letter: typically when a Borrower's income or position information is required 
d) Paystub: typically in addition to a Job Letter to confirm that the individual is still employed 
and that the YT...
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Mortgage Agent Final Exam prep 2024/2025
- Exam (elaborations) • 15 pages • 2024
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- $12.49
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Mortgage Agent Final Exam prep 2024/2025 
1. Briefly describe when a Mortgage Agent would be required to obtain the following documents 
from an applicant. - answera) T4: typically when a Borrower has salaried or hourly 
employment income 
b) T4A: typically when a Borrower has commission income 
c) Job Letter: typically when a Borrower's income or position information is required 
d) Paystub: typically in addition to a Job Letter to confirm that the individual is still employed 
and that the YT...
Too much month left at the end of the money?
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Mortgage Agent Final Exam Prep With Complete Questions and Answers
- Exam (elaborations) • 21 pages • 2023
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Mortgage Agent Final Exam Prep With Complete Questions and Answers...
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Mortgage Agent Final Exam prep UPDATED Exam Questions and CORRECT Answers
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Mortgage Agent Final Exam prep 
UPDATED Exam Questions and 
CORRECT Answers 
a) T4: typically when a Borrower has salaried or hourly employment income 
b) T4A: typically when a Borrower has commission income 
c) Job Letter: typically when a Borrower's income or position information is required 
d) Paystub: typically in addition to a Job Letter to confirm that the individual is still 
employed and that the YTD income matches the Job Letter 
e) NOA: typically to support income verification for ...
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Mortgage Agent Final Exam prep 2023 Graded A+
- Exam (elaborations) • 14 pages • 2023
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Mortgage Agent Final Exam prep 2023 Graded A+
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45-Hour PA Practice Final Exam
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The final step a licensee will take when preparing a CMA is: 
 
1. Choosing comparables 
2. Estimating a reasonable selling price range 
3. Making adjustments to comparables 
4. Collecting and analyzing information - Answer- CORRECT ANSWER: 
 
Estimating a reasonable selling price range 
 
A broker price opinion must include what the price was based on and: 
 
1. License number 
2. The broker's phone number 
3. Applicable market data 
4. A legal description - Answer- CORRECT ANSWER: 
 
Applic...
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Mortgage Agent Final Exam prep 2023 Graded A+
- Exam (elaborations) • 12 pages • 2023
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Mortgage Agent Final Exam prep 2023 Graded A+ 
 
1. Briefly describe when a Mortgage Agent would be required to obtain the following documents from an applicant. 
a) T4: typically when a Borrower has salaried or hourly employment income 
b) T4A: typically when a Borrower has commission income 
c) Job Letter: typically when a Borrower's income or position information is required 
d) Paystub: typically in addition to a Job Letter to confirm that the individual is still employed and that the YTD i...
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Mortgage Agent FinalMortgage Agent Fina Exam Sample Questions With Correct Answers (100% Correct 2023/2024)
- Exam (elaborations) • 48 pages • 2023
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Mortgage Agent Final Exam Sample Questions With Correct Answers (100% Correct 2023/2024). Home Buyer's Program (HBP) - ANSWER The Canada Revenue Agency (CRA) has 
a program entitled the Home Buyer's Program (HBP) that allows a first time buyer 
to use up to $25,000 of their RRSPs as a down payment without paying tax on the 
withdrawal. The amount removed must be repaid within 15 years. CRA defines a 
first time buyer as an individual or the individual's spouse, or common-law 
partner who has ...
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