Foreclosure by sale - Study guides, Class notes & Summaries
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Sample NYLE Questions and Answers Already Passed
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Sample NYLE Questions and Answers 
 
Already Passed 
 
A lawyer who is a member of a law firm organized as a professional service limited liability 
company is personally liable for professional malpractice committed by The lawyer herself 
and any person in the firm under her direct supervision and control. 
 
A release given to one of two or more tortfeasors liable for the same injury reduces the amount 
the injured party can recover from the non-settling tortfeasor by The greater of the amount...
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PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+
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PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) 
Regulation is enacted and enforced by MD Real Estate Commission (MREC) 
Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant 
En...
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45 Hour Post License Florida Exam with veried questions & 100% correct answers latest 2024 update graded A+
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45 Hour Post License Florida Exam with veried questions & 100% correct answers latest 2024 update graded A+ 
The __________ prohibits discrimination based on race in the purchase, sale, or lease of real property. - ANSWER>>>Civil Rights Act of 1866 
Fair housing laws prohibit ______, ________, and _________. - ANSWER>>>Steering or Channeling, Blockbusting, Redlining 
absentee owners - ANSWER>>>owners who buy income property as investments and depend on professionals to...
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Champions Real Estate Finance Exam Questions and Answers 2023
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_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer- Closing 
 
The primary determinants of real estate values are supply and _____. - Answer- Demand 
 
_____ is something of value that can be pledged as security for repayment of a loan. - Answer- Collateral 
 
Servicing includes which of the following activities? - Answer- Maintaining records of payment 
 
The monet...
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Delaware Real Estate Law Final Exam Questions and Answers
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Delaware Real Estate Law Final Exam 
Questions and Answers 
Loan to Value Ratio - Answer️️ -Amount of the loan vs value of real estate 
Who is the Devisee under a Will? - Answer️️ -Devisee under will is person who 
receives property under a will (maker of will is devisor) 
What are the Requirements for a valid deed in DE - Answer️️ -The deed has to be in 
writing 
The deed has to describe property with specificity 
The deed must have the name of grantor and grantee 
The deed must be ...
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Post 301--Broker Relationships and Responsibilities Questions With 100% Correct Answers.
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Material 
fact - About the property 
Related to the property 
Principal able to complete the transaction 
Special importance 
Disclosing material facts about a seller's property - To client or customer 
Even if it hurts your customer 
Regardless of how pubic the material fact is 
Listing agent has highest responsibility 
Buyer agent is responsible to disclose if known 
Answer questions to avoid misrepresentation 
Willful - intentional 
Negligent - Unintentional--failure to exercise reasonable c...
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RMLO - Champions School of Real Estate| 109 questions with 100% correct answers
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A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages is called the ________. 
secondary market 
 
 
 
The Federal agency established to restore Fannie Mae and Freddie Mac to a sound and solvent financial condition is _____. 
Federal Housing Finance Agency (FHFA) 
 
 
 
The ____ guarantee allows mortgage lenders to obtain a better price for their loan in the capital markets. 
Gov't. National Mortgage Association - Ginnie Mae 
 
 
 
...
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Lead Inspector/Risk Assessor | ALL QUESTIONS AND ANSWERS 2023 GRADED A+!!
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Lead Inspector/Risk Assessor | ALL QUESTIONS AND ANSWERS 2023 GRADED A+!! 
 
Permanent abatement options include... - Paint removal, component removal, enclosure, encapsulation 
Lead Inspector - A certified individual who conducts a surface-by-surface investigation 
 to determine the presence of lead-based paint. 
Lead-based paint - 1 mg/cm2 
5000micrograms/g = 5000ppm 
.5% by weight 
What is lead based paint? - any surface coating containing at least 1 miligram per square centimeter of lead...
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WA State 3 Real Estate Exam Prep: Rockwell Institute Sample Exams 3 questions with correct answers|100% verified|71 pages
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WA State 3 Real Estate Exam Prep: Rockwell Institute Sample Exams 3 questions with correct answers 
The owner of property located along a stream or river may have which type of water right? 
 
A. Alluvion 
B. Riparian 
C. Appropriation 
D. Littoral Correct Answer-Your Answer: B 
 
Riparian rights are water rights that belong to owners of property that borders a stream or river. (Littoral rights refer to water rights associated with property that borders stationary water, such as a lake.) 
 
Five...
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REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 2023
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REVIEW QUESTIONS FOR NY REAL ESTATE EXAM 2023 
 
1-A broker legitimately may pay all or part of Real estate commission to a 
a. seller 
b. salesperson 
c. buyer 
d. friend who provides a listing lead - Answer -B: Salesperson can accept compensation only from their sponsoring broker. 
 
2-The minimum age for a New York real estate broker's license is 
a. 19. 
b. 18. 
c. 20. 
d. 21. - Answer C. As of July 1,2008 to become a broker you must be 20 years old. 
 
3-Which of the following acts would...
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