Lender relationships - Samenvattingen, Notities en Examens

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

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. - 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 occurrence of the insured event. Which of the following is...

Auditing a systematic approach of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users. audit risk the risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated. What is the principal-agent problem? The conflict in priorities between the two could ...

"Barriers Free" Addition to ADA in 1991 - -any building built from 1991 onward had to be built barrier free -must make accommodations for tenants of single family residential homes at the tenants expense -landlords can require money up front, as well as monies for restorations (apartments must also comply) 1866 Civil Rights Act - -prohibits discrimination on the basis of race only -has no exceptions/exemptions to the rule 1968 Federal Fair Housing Act - -shall not discriminate on the bas...

COLORADO CONTRACTS EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+/ VERIFIED. Who would NOT have an obligation to inform the seller of buyer's financial inability to perform the contract? Lender If a licensee has knowledge that the buyer may not have financial ability to purchase a home, who licensees must notify the seller of this fact? Buyer, Transaction Broker, Seller's Agent A transaction-broker working with both seller and buyer in the same transaction must advise e...

FinCert Notes Counseling session - answerA structured meeting to gather information, discuss, and conclude Information gathering - answerProcess of collecting relevant details from the client Open-ended questions - answerPrompts clients to explore emotions and background information Closed-ended questions - answerUsed to collect factual information with short answers Note taking - answerDocumenting the session to remember what was accomplished Discussion - answerGiving feedback, summariz...

MAINE STATE EXAM 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 occurrence of the insured ev...

Fiduciary applies to the relationships between people in many different positions. It does not apply to which of the following? ATrustor to beneficiary BAttorney-in-fact to principal CAttorney to client DAgent to seller - ANSWERTrustor to beneficiary Fiduciary is an agency relationship. Trustor to beneficiary is borrower to lender. A fiduciary relationship may be terminated by: Aagreement. Brevocation. Cdeath. Dall of the above. - ANSWERall of the above. What event does not ...

PSI Colorado RE - Colorado Forms and Contracts Questions and Answers 100% Pass single party listing - Correct Answer ️️ -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 - Correct Answer ️️ -An agreement setting out a principal-a...

California: Real Estate Principles Practice Exam 1 fully solved graded A+ already passed1 of 50 - Which form of payment is most common for a property manager? A. A percentage of income. B. A salary. C. A flat fee. D. All of the Above - correct answer A. A percentage of income. 2 of 50 - Which of the following is exempt from the Natural Hazards Disclosure? A. A special flood area. B. A geological hazard. C. A wildland high fire severity area. D. A seismic hazard zone. - correct ans...