Escrow chapter 13 - Study guides, Class notes & Summaries

Chapter 13 Escrow and Insurance All Answers Complete When a change is required to escrow instructions: ️Both buyer and seller must agree to amend the escrow instructions. The term good funds refers to ______. ️All of these (checks that have cleared, cash, cashier's check). The extended coverage for a title insurance policy offers protection covering all of the following EXCEPT _______. ️Eminent domain An escrow licensee is prohibited from __________. ️Both paying a referral...

5 rights under FACRA - 1. Right to adverse action notice 2. Free copy of credit report 3. Request credit score 4. The right to dispute incomplete or inaccurate information 5. Limit prescreened offers A registered LO means any individual who is an employee of ... - *a depository institution *A subsidiary that is- *owned and controlled by a depository institution and *regulated by a Federal Banking agency;or *An institution regulated by the Farm Credit Administration *And is registered and ...

NMLS EXAM QUESTIONS AND ANSWERS LATEST UPDATED Fraud for money Laundering -Criminal uses scheme known as value tampering -Criminal offers to buy house at reduced rate -Seller must sell at appraised value on paper, but after closing, seller give the criminal the difference in cash. Adverse Action An unfavorable credit decision rendered against a consumer made on the basis of information contained on the credit application. If a lender takes adverse action against an applicant, the ...

INTRODUCTION TO REAL ESTATE 2 2 PART I: LEGAL DESCRIPTIONS, METHODS OF ACQUIRING TITLE, AND DEEDS 20 PART II: ESTATES AND METHODS OF HOLDING TITLE 53 3 ENCUMBRANCES, LIENS, AND HOMESTEADS 70 4 REAL ESTATE AGENCY 94 5 REAL ESTATE CONTRACTS AND MANDATED DISCLOSURES 120 6 PRACTICAL REAL ESTATE MATHEMATICS 166 7 INTRODUCTION TO REAL ESTATE FINANCE 194 8 PART I: REAL ESTATE LENDERS 224 PART II: FHA, VA, AND CAL-VET LOANS AND THE SECONDARY MORTGAGE MARKET 241 9 REAL ESTATE APPRAISAL 262 1...

Accelerated mortgages - correct answer An Acceleration Mortgages clause outlines the reasons that the lender can demand loan repayment. adjustable-rate mmortgages (ARM) - correct answer A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit ...

Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+ 312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be ...

Texas Real Estate Agent A person who is licensed through TREC. Texas Real Estate Commission Does a person who manages, buys, sells, leases, or rents their own property have to be licensed through TREC? No. There are two types of licenses: broker's and salesperson's license What is the most popular division of the real estate market? Residential real estate because there are more transactions in residential in other forms of real estate. Residential brokerage in...

Bob Hogue chapter 5 John Anderson is a licensed real estate sales associate. Under which name may he register and be licensed: a.) Complete Real Estate Sales Services b.) John Anderson Brokerage c.) John Anderson, LLC d.) John Anderson and Partners - ANS John Anderson, LLC A sales associate receives a binder deposit from a prospective buyer and Thursday morning. Later that same day, the associate gives the binder deposit to his broker. By the end of business on what day of the we...

Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+ 312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be ...

Florida RE Exam Practice Questions c - ANS Which tax lien is superior? a. Mechanic Lien Jan 2, 2013 b. Housing Lien March 30, 2013 c. Property Tax Lien Jan 1,2013 d. Mortgage Lien September 30, 2013 b - ANS A landlord has how many days to make a claim on a deposit? a. 15 b. 30 c. 7 d. 3 b - ANS Which of the following ways is NOT a way to determine a fixture. a. Intent b. Disposition c. Method d. Adaptation a - ANS What fees does the buyer pay...