Blanket lien - Study guides, Class notes & Summaries

Land value plus current construction costs minus depreciation : Cost Approach He can refuse to rent to the tenant because of the history of violence. : A landlord discovered that a potential tenant who applied for a unit has a history of alcoholism and violence. What should the landlord do? A person has AIDS : Under FHA, It is illegal to discriminate if A judgement against a borrower if the foreclosure sale does not bring enough to pay the balance owed : Deficiency Judgment Is used w...

Blanket Loan : Several pieces of property secured by a single loan (several lots on one note) Package Loan : A loan secured by real property plus personal property Down Payment Assistance Programs : Government and private programs whose stated purpose is to help buyers to become homeowners Subordination Clause : a clause allowing a lender to move to or take a lower lien position Mortgage : Lender under a mortgage 2 Non-Judicial Foreclosure : foreclosure that does not require court ...

Timeshare Test #3 100% Correctly Solved "Unit" as used in NRS 119A means: a. A lot of any size b. The total timeshare unit c. That portion of a project which is designated for separate use d. A tract of land consisting of 15 acres or more - Correct Answer ️️ -That portion of a project which is designated for separate use A timeshare resort having both whole unit owners and timeshare interest owners is referred to as: a. vacation destination resort b. tenancy in severalty resort ...

Champions School Of Real Estate National/State Finance Exam || Questions & Answers (100% Correct) Champions School Of Real Estate National/State Finance Exam || Questions & Answers (100% Correct) Blanket Loan - ANSWER - Several pieces of property secured by a single loan (several lots on one note) Package Loan - ANSWER - A loan secured by real property plus personal property Down Payment Assistance Programs - ANSWER - Government and private programs whose stated purpose is to help buye...

The amount the borrower makes prior to any deductions for taxes or insurance is: A) Guaranteed income B) Net income C) Gross income D) Gross margin - Gross income _______: In the Texas Constitution, a principle residence of a family or adult single person is protected from forced sale for all debt except: property taxes; federal tax liens of both spouses; a home equity lien.....etc... - Homestead ______ ______ ____: lenders use what is called a front-end ratio, which is reflected as a pe...

Arizona Real Estate State Exam Questions and Answers 100% Pass Which of the following is NOT a specific lien? a. an unrecorded mortgage b. a mechanic's lien c. a judgement lien d. a blanket mortgage c. a judgement lien Which of the following is NOT an encumbrance on real property? a. lease b. easement c. homestead right d. restrictive convenant c. homestead right Which of the following is NOT an appurtenance? a. easement right b. mineral right c. water rights d. trade fixtures d. t...

Florida Real Estate STATE exam Questions and Answers 100% Pass The best protection that the public has during a Real Estate transaction is (are) A. The national and state association of REALTORS B. The punishment of licensees dealing dishonesty C. the high ethical standards of real estate agents D. FREC and the license law D. FREC and the license law A group license A. allows a broker to have a branch office B. allows a sales associate to work for more than one broker C. may be held by a...

Barney Fletcher Real Estate Exam 2024 Updated Questions with Verified 100% Correct Answers Latest Edition Barney Fletcher Real Estate Exam: 2024 Updated Questions with Verified 100% Correct Answers | Latest Edition combining two or more contiguous parcels of real estate into a single parcel under one ownership - Assemblage an increase in value resulting from assemblage - plottage personal property that is permanently attached to real property and goes with the property when its sold - ...

Champions School of Real Estate - Real Estate Finance Latest Update Rated A+ A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) Non- Conforming Loan VA Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity Cash price minus the loan balance A clause often found in a blanket loan allowing the borrower to obtain partial releases of specific lots by making required lump sum payments. Release Clause ...

What type of listing is typically a verbal agreement? - An Open Listing Implied Agency - Relationship was never discussed but actions of one or more of the parties "implied" a relationship exists. What two agreements are considered personal services agreements? - Listing agreement and Buyer agreement When both the buyer and the seller are represented by the same brokerage firm is called: - Dual Agency Who typically manages the MLS? - Local Board of Realtors Equal Credit Opportun...