Alienation clause - Study guides, Class notes & Summaries
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NMLS Exam: Questions &Answers (A+ Guaranteed)
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Acceleration Clause correct answers Allows lenders to demand payment in full if the borrower 
defaults on the loan (can be construed as predatory lending) 
Alienation Clause (Due on Sale Clause) correct answers Says you must repay your mortgage if 
you sell your home to a new owner (loan is not assumable) 
Appraiser Independance Requirements replaced HVCC correct answers home valuation code of 
conduct 
Due on Demand Clause correct answers (Considered a predatory practice) The lender can 
demand...
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NMLS Exam Questions with Correct Answers
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NMLS Exam Questions with Correct Answers 
 
Acceleration Clause - Answer-Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) 
 
Alienation Clause (Due on Sale Clause) - Answer-Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) 
 
Appraiser Independance Requirements replaced HVCC - Answer-home valuation code of conduct 
 
Due on Demand Clause - Answer-(Considered a predatory practice) Th...
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Real Estate- Maine Learning Group Study Guide Test 2024.
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Real Estate- Maine Learning Group Study Guide Test 2024. 
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) ...
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ASREB Practice Exam Questions and Answers with complete solution
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A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? 
a. $37,570 
b. $75,141 
c. $76,230 
d. $78,712 - Answer-b. $75,141 
A blind ad refers to an ad that 
a. provides no price 
b. provides no address 
c. gives no indication that the property is listed with a broker 
d. gives no indication that the property has been sold or not - Answer-c. gives no indication that the 
property is listed with a broker 
A borrower is required to put 10% down for the purchase of a propert...
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ASREB Practice Exam Questions with Verified Answers
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ASREB Practice Exam Questions with 
 
Verified Answers 
 
A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? 
a. $37,570 
b. $75,141 
c. $76,230 
d. $78,712 b. $75,141 
 
A blind ad refers to an ad that 
a. provides no price 
b. provides no address 
c. gives no indication that the property is listed with a broker 
d. gives no indication that the property has been sold or not c. gives no indication that the 
property is listed with a broker 
 
A borrower is required t...
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Real Estate- Maine Learning Group questions well answered rated A+
- Exam (elaborations) • 44 pages • 2023
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Real Estate- Maine Learning Group 
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...
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Colorado Real Estate Vocabulary Exam Questions and Answers
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Acceleration Clause - Allows lender to demand immediate payment if borrower defaults. 
Adjustable Rate Mortgage - Loan with interest rate that can change over time. 
Alienation Clause - Allows lender to demand full payment if property is sold or transferred. 
Amortization - Gradual repayment of a loan through regular installments. 
APR - Annual Percentage Rate, including interest and fees. 
Arrears - Payment made after the due date. 
Balloon Payment - Large final payment at the end of a loan ter...
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Georgia Real Estate Post Exam With Complete Solutions 2024.
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Georgia licensee Greg and buyer Sandra's exclusive buyer agency agreement was set to expire on March 1. On Feb 10, Sandra signed a contract with a seller, but it fell through 10 days later due to a home inspection issue. What's the termination date of Greg and Sandra's buyer agency agreement? - Answer Greg and Sandra's buyer agency agreement is extended to accommodate the 10 days they were under contract, so the new expiration date is March 11. 
 
Mel, a Georgia real estate salesperson, re...
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California Legal Aspects of Real Estate Final Exam Questions with Verified and Updated Answers
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California Legal Aspects of Real Estate 
Final Exam Questions with Verified and 
Updated Answers 
 
 
California Legal Aspects of Real Estate 
Final Exam Questions with Verified and 
Updated Answers 
 
A balloon payment on a real estate loan is: 
 
a. the final payment to pay off a loan 
b. the smallest payment made on the loan 
c. more than twice the amount of the smallest payment 
d. a payment made by a guarantor of the loan - Answer c. more than twice the 
amount of the smalles...
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Arizona Real Estate Practice | 680 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 60 Pages
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Within how many days after property transfer shall a buyer submit a completed transfer form and file 
with ADEQ - 15 days 
An example of involuntary alienation is where title to real estate passes by: - Sheriff's deed 
What event will create an involuntary life estate? - Dower interest becoming cohate 
A valid warranty deed must contain all of the following elements, except: - Signed by grantee 
The clause in a deed which sets forth or limits the extent of the interests in the title being conve...
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