Mortgage bound Study guides, Study notes & Summaries

Abstract of Title A summary and certification by the abstractor of the history of the title to property form the original grant through all subsequent conveyances. Acceleration Clause The clause in a mortgage or deed o trust that can be enforced making the entire debt due immediately upon default of the borrower. Acceptance The expression of the intention of the person receiving an offer (offeree, usually the seller) to be bound by the terms of the offer. Accession Obtai...

What is a contract? - correct answer A legally binding agreement between two or more persons, competent at law to enter into such agreement, for consideration or value, to do or refrain from doing something lawful. True or false? An oral contract for the acquisition or disposition of any interest in the land is enforceable. - correct answer False. Any contract in real estate is required to be in writing. When drafting a contract, what does The Statute of Frauds require? - correct answ...

What is a contract? - correct answer A legally binding agreement between two or more persons, competent at law to enter into such agreement, for consideration or value, to do or refrain from doing something lawful. True or false? An oral contract for the acquisition or disposition of any interest in the land is enforceable. - correct answer False. Any contract in real estate is required to be in writing. When drafting a contract, what does The Statute of Frauds require? - correct answ...

KY Real Estate Exam Questions and Answers Rated A+ Latest. Accretion Increase of land by deposit of sand or soil washed up naturally from a river, lake or sea ADA Tenant Tenant with disability. Must accommodate for tenants/residents with disabilities. Priority is to get party to the door. Can make changes, must be giving parking if available, do not have to ask to make changes Broker's License License to act as intermediary on behalf of others for a commission. Bringing together of parti...

KY Real Estate Exam Questions and Answers Rated A+ Latest. Accretion Increase of land by deposit of sand or soil washed up naturally from a river, lake or sea ADA Tenant Tenant with disability. Must accommodate for tenants/residents with disabilities. Priority is to get party to the door. Can make changes, must be giving parking if available, do not have to ask to make changes Broker's License License to act as intermediary on behalf of others for a commission. Bringing together of parti...

KY Real Estate Exam Questions and Answers Rated A+ Latest. Accretion Increase of land by deposit of sand or soil washed up naturally from a river, lake or sea ADA Tenant Tenant with disability. Must accommodate for tenants/residents with disabilities. Priority is to get party to the door. Can make changes, must be giving parking if available, do not have to ask to make changes Broker's License License to act as intermediary on behalf of others for a commission. Bringing together of parti...

KY Real Estate Exam Questions and Answers Rated A+ Latest. Accretion Increase of land by deposit of sand or soil washed up naturally from a river, lake or sea ADA Tenant Tenant with disability. Must accommodate for tenants/residents with disabilities. Priority is to get party to the door. Can make changes, must be giving parking if available, do not have to ask to make changes Broker's License License to act as intermediary on behalf of others for a commission. Bringing together of parti...

What kind of retirement plan can a 75-employee for profit corporation establish? - ANSWER-Simple IRA The taxable portion of a monthly income benefit paid during the annuity phase from a nonqualified annuity is calculated using the - ANSWER-Exclusion ratio Unfair claims settlement methods and practices by an insurance company include all of the following acts EXCEPT - ANSWER-failure to pay all claims that are reported within 90 days after a loss occurs The settlement option that allows p...

What is a contract? CORRECT ANSWER A legally binding agreement between two or more persons, competent at law to enter into such agreement, for consideration or value, to do or refrain from doing something lawful. True or false? An oral contract for the acquisition or disposition of any interest in the land is enforceable. CORRECT ANSWER False. Any contract in real estate is required to be in writing. When drafting a contract, what does The Statute of Frauds require? CORRECT ANSWER - Must b...

Louisiana Notary Class The Notary Definitions NEWEST 2024 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ASNWERS) |ALREADY GRADED A+ NOTARY/NOTARY PUBLIC - ANSWER-A public official in and for a parish, being appointed by the governor with the advice and consent of the Senate after meeting the requirements set forth in Title 35 of La. Revised Statutes. The duties and function of the notary public in La. are established by statute, La. R.S. 35.1 et seq. NOTARY DE JURE - ANSWE...