Defeasance clause - Study guides, Class notes & Summaries
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NJ REAL ESTATE PRACTICE EXAM 2024 QUESTIONS WITH 100 % CORRECT ANSWERS | VERIFIED
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The type of deed that warrants only that the grantor has not impaired the title during the term in 
which he held it is referred to as. 
1. Quitclaim Deed 
2. General Warranty Deed 
3. Bargain and Sale Deed 
4. Bargain and Sale Deed, CAG - Answer-Bargain and Sale Deed, CAG 
Taxes raised to pay for improvements that benefit real estate are referred to as 
1. Special Assessments 
2. Facilities Taxes 
3. Ad Valorem Taxes 
4. Luxury Rates - Answer-Special Assessments 
After Borrowers have indicated ...
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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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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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Florida Real Estate Chapter 12 review questions with 100% correct answers
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Florida Real Estate Chapter 12 review 
questions with 100% correct answers 
This refers to pledging of property as security for payment of a loan without 
surrendering possession of the property - Correct Answer ️️ -hypothecation 
What are the 2 instruments involved in a mortgage loan - Correct Answer ️️ - 
promissory note 
mortgage 
The legal instrument that represents the evidence of a debt is known as the - Correct 
Answer ️️ -promissory note 
The instrument that pledges the prope...
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NJ REAL ESTATE PRACTICE EXAM 2024 100% correct!.
- Exam (elaborations) • 17 pages • 2024
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NJ REAL ESTATE PRACTICE EXAM 2024 100% correct!. 
 
Taxes raised to pay for improvements that benefit real estate are referred to as 
 
1. Special Assessments 
2. Facilities Taxes 
3. Ad Valorem Taxes 
4. Luxury Rates - ANSWER Special Assessments 
The type of deed that warrants only that the grantor has not impaired the title during the term in which he held it is referred to as. 
 
1. Quitclaim Deed 
2. General Warranty Deed 
3. Bargain and Sale Deed 
4. Bargain and Sale Deed, CAG - ANSWE...
Too much month left at the end of the money?
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CHAPTER 12- RESIDENTIAL MORTAGES verified already passed 2024
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CHAPTER 12- RESIDENTIAL MORTAGESWhich legal instrument evidences the debt and states the interest rate, term, payment requirement, and other information related to the loan? 
 (a) Promissory note 
 (b) Contract 
 (c) Lien 
 (d) Mortgage - correct answer (a) Promissory note 
 
What is the function of a mortgage? 
 (a) It conveys title to real property. 
 (b) It secures the repayment of the debt. 
 (c) It creates a personal pledge to repay a loan. 
 (d) It creates a lien on the mortgagee's...
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Ohio Real Estate Exam Complete Questions & Answers(Latest Update 2024)
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Which would a buyer prefer: Land installment contract or purchase money mortgage? - ANSWER purchase money mortgage 
- the buyer will receive the deed to the property on the day of closing. 
-A purchase money mortgage does not transfer any title to the buyer; rather, it is a method by which the seller finances the transaction. 
-In a land installment contract, the buyer does not receive the deed until the final payment is made. A land installment contract transfers only equitable title. 
 
spot ...
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Champions Real Estate Finance Exam (2024) || Questions & Answers (Rated A+)
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Champions Real Estate Finance Exam (2024) || Questions & Answers (Rated A+) 
Champions Real Estate Finance Exam (2024) || Questions & Answers (Rated A+) 
 
Mortgage - ANSWER - A pledge of real property as security for a debt. 
 
Deed of Trust - ANSWER - A three party loan instrument - borrower, lender and trustee. 
 
Note, Promissory Note - ANSWER - A personal promise to repay a debt. 
 
Mortgagor - ANSWER - Borrower under a mortgage 
 
Mortgagee - ANSWER - Lender under a mortgage 
 
Beneficiary...
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National Real Estate Exam Prep Questions and Answers Graded A+
- Exam (elaborations) • 106 pages • 2024
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National Real Estate Exam Prep 
Questions and Answers Graded A+ 
 
John, Maria and Mark are joint tenants. Mark dies. Maria sells her share to Jane. John and Jane 
are: 
 
a. Joint Tenants 
b. Tenants by Partition 
c. Sole Owners 
 
d. Tenants in Common d. tenants in common 
 
John owns lakefront property. He has been granted water rights to the lake. He has: 
 
a. Riparian Rights 
b. Appropriative Rights 
c. Littoral Rights 
d. Prior Appropriation c. littoral rights 
 
Mary's parents gave her ...
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CHAPTER 12- RESIDENTIAL MORTAGES fully solved graded A+
- Exam (elaborations) • 8 pages • 2024
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CHAPTER 12- RESIDENTIAL MORTAGES fully solved graded A+Which legal instrument evidences the debt and states the interest rate, term, payment requirement, and other information related to the loan? 
 (a) Promissory note 
 (b) Contract 
 (c) Lien 
 (d) Mortgage - correct answer (a) Promissory note 
 
What is the function of a mortgage? 
 (a) It conveys title to real property. 
 (b) It secures the repayment of the debt. 
 (c) It creates a personal pledge to repay a loan. 
 (d) It creates a l...
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