Lender relationships - Samenvattingen, Notities en Examens

CA Real Estate Exam CH 1-15 Questions and Answers Filing an OFHEO complaint. - Complaints alleging fair housing violations must be filed with the Office of Fair Housing and Equal Opportunity within one year of the violation. HUD then initiates an investigation in conjunction with federal or local enforcement authorities. Filing suit. - In addition to or instead of filing a complaint with HUD, a party may file suit in state or federal court within two years of the alleged violation. If disc...

MAINE STATE PRACTICE EXAM TEST 2024. The most common manner in which to transfer risk in real estate property management is through the use of: A. indemnification agreements. B. insurance policies. C. hold harmless agreements. D. release of liability forms. - correct answer B. In risk management, the most common and effective manner in to transfer risk is by the use of insurance policies. The property owner pays a premium, and the insurance company takes on the liability for the occurren...

a competitive market analysis is __________________ the equivalent of an appraisal - Never A candy maker has a 5- year lease and installs a marble counter to roll candy on. When the lease is up, the candy maker may - Remove the counter because it is a trade fixture A license can be suspended or revoked for.... - Representing more than one party in a transaction, with the consent of only one of the parties A buydown means the - lender charged extra points to lower the interest rate A buyer ...

PSI COLORADO RE - COLORADO FORMS AND CONTRACTS QUESTIONS AND ANSWERS, VERIFIED/ single party listing - -broker or seller has prospective buyer in mind - only valid if that prospect buys listing is only a few days Should have no hold over can use the exclusive right to sell or lease contract but must add commission specific provisions buyer representation agreement/Exclusive Right to Buy Listing Contract - -An agreement setting out a principal-agent relationship in which the real estate p...

As a buyer's agent, should you advise your client to get a home inspection on the property she is buying? - ANSWER Yes. A qualified home inspector may spot defects not previously noted. (Agency Relationships/Contracts) A borrower must pay $5,600 for points on a $140,000 loan. How many points is the lender charging for this loan? - ANSWER 4. Divide the dollar amount of the discount points by the loan amount. $5,600/$140,000=.04 or 4 1 point=1% of the loan amount (Calculations/Poi...

COLORADO REAL ESTATE FINAL EXAM REVIEW QUESTIONS & ANSWERS. GRADED A+ According to the Exclusive-Right-To-Sell Listing Contract, what happens to the earnest money if the buyer defaults? - -BuyerThe seller gets the funds The journal: - -is a chronological record of all receipts and disbursements made by the broker from the escrow bank account Title passes from the grantor to the grantee: - -when the seller signs the warranty deed When earnest money is withdrawn from the escrow account a...

Colorado state Real Estate Exam Questions and Answers 100% Pass The Amend/Extend Contract With Broker is used to change : - Correct Answer ️️ -Any contract to which the broker is a party According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract to Buy and Sell Real Estate: - Correct Answer ️️ -non-applicable financing conditions In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: - Correct Answer ️️ -A...

Equitable Right of Redemption - correct answer The right of a defaulted borrower to redeem the property after foreclosure proceedings have begun & before the foreclosure sale by paying off the loan balance, plus interest until the day of payoff & costs. Written Policy Manual - correct answer Identifies & describes the types of real estate brokerage relationships in which the broker & affiliated licenses may engage. (Maine requirement) National Association of REALTORS (NARS) - correct answe...

WASHINGTON STATE REAL ESTATE BROKER EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ -All of these - -A construction loan is a: -Short-term loan for financing the cost of construction -Loan in which the lender makes periodic payments -Loan in which payments are issued as the building progresses -All of these -Mortgage Insurance -Hazard insurance -Real estate taxes - -Escrow disbursements can pay for: -Similar properties currently on the market -Similar properties that have been on t...

Colorado state Real Estate Exam Graded A+ The Amend/Extend Contract With Broker is used to change : ️Any contract to which the broker is a party According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract to Buy and Sell Real Estate: ️non-applicable financing conditions In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: ️Additional Provisions of a commission approved contract "MEC" in a contract means...