Reo property - Study guides, Class notes & Summaries

Texas Principles of Real Estate II (2024 / 2025) Exam | Questions and Verified Answers | 100% Correct Q: According to value a. Police power b. Ad valorem c. Taxation d. Escheat e. Condemnation Answer: B Q: The government retains the following rights in lands, EXCEPT: a. Eminent domain b. Allodial c. Police Power d. Taxation Answer: B Q: If a landowner sues the government in order to force it to buy his or her land, this is called: a. Reverse condemnation b. Forward condemnation c. Inverse condem...

mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk Origination - Answer- The process of creating a new mortgage loan U...

Lead Inspector/Risk Assessor | ALL QUESTIONS AND ANSWERS 2023 GRADED A+!! Permanent abatement options include... - Paint removal, component removal, enclosure, encapsulation Lead Inspector - A certified individual who conducts a surface-by-surface investigation to determine the presence of lead-based paint. Lead-based paint - 1 mg/cm2 5000micrograms/g = 5000ppm .5% by weight What is lead based paint? - any surface coating containing at least 1 miligram per square centimeter of lead...

REO - ANSWER What term describes a property that is owned by a lender because a third-party buyer couldn't be found at a foreclosure auction? Real Estate Mortgage Investment Conduit (REMIC) - ANSWER A type of SPV that holds commercial and residential mortgages in trust, assembles said mortgages into pools based on risk, and issues bonds (securities) on these pools to sell to investors in the secondary mortgage market is a(n): a concession - ANSWER Julio considers leasing an apartment u...

RMLO - ANS Residential Mortgage Loan Originator Riparian Rights - ANS Unrestricted rights granted to owners of land located along the course of a river or stream. Littoral Rights - ANS Unrestricted rights granted to owners whose land borders oceans and large, navigable lakes that have a tide. Fannie Mae (FNMA) 1938 - ANS The Federal National Mortgage Association, which is a congressionally chartered, shareholder-owned company that is the nation's largest supplier of h...

Texas Principles of Real Estate II (2023/ 2024) Exam| Questions and Verified Answers| 100% Correct Q: According to value a. Police power b. Ad valorem c. Taxation d. Escheat e. Condemnation Answer: B Q: The government retains the following rights in lands, EXCEPT: a. Eminent domain b. Allodial c. Police Power d. Taxation Answer: B Q: If a landowner sues the government in order to force it to buy his or her land, this is called: a. Reverse condemnati...

Property Management Specializations Question and answers correctly solved 2024/2025 Property Management Specializations What are the broad categories of property a property manager can specialize in? - correct answer 1. residential property 2. commercial property 3. industrial property 4. special-purpose property T/F- When managing residential property, a property manager will be interacting with tenants on a more personal basis and resolving home-related issues. They will need to be...

Florida Real Estate License, Exam Review Questions and answers, VERIFIED/ client specialization - -working exclusively with buyers or sellers property type specialization - -residential, commercial, agricultural, etc type of transaction specialization - -sales agent, leasing agent, short sales buyer or seller, REO specialist, property manager, etc geographical area specialization - -a neighborhood specialist, for example type of relationship specialization - -a fee based consultant vs...

Aceable Agent Principles of Real Estate 2 Practice Test Questions With Solutions 100% Correct What does "REO" stand for? "Real Estate Owned" In which of the following cases would a property manager NOT need a real estate license? A property manager who is an on-site apartment manager NOT acting as an agent, leasing the owner's real estate. What is a fee simple subject to a condition subsequent estate? an estate in which the property MUST be used for a specific purpos...

REO - What term describes a property that is owned by a lender because a third-party buyer couldn't be found at a foreclosure auction? Real Estate Mortgage Investment Conduit (REMIC) - A type of SPV that holds commercial and residential mortgages in trust, assembles said mortgages into pools based on risk, and issues bonds (securities) on these pools to sell to investors in the secondary mortgage market is a(n): a concession - Julio considers leasing an apartment unit from Bruno, the land...