In a promissory note - Study guides, Class notes & Summaries
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Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024
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Principles of Real Estate 2 Champion Exam 
With 100% Correct Answers 2024 
What does D.U.S.T. stand for? - answerDemand, Utility, Scarcity, Transferability 
the percentage of value or sales price that a lender is willing to finance - answerLoan to 
Value Ratio (LTV) 
the value of a property is equal to the sum of the contributory value of each of its component 
parts. - answerprinciple of contribution 
the forces acting on a parcel of land are always affecting the value of the land - 
answerPRIN...
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Gold Coast Final Exam 2023 (Questions and Answers, 100% Correct)
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Gold Coast Final Exam 2023 (Questions and Answers, 100% Correct) 
What is the form you sign that says you will pay the loan back ? 
promissory note 
What is the post licensing grace period after first expiration ? 
none 
Deposits is a form of... 
valuable consideration 
Physical land and improvements 
real property 
Is it a violation if a sales associate work for two brokers Monday-Friday, and 
Saturday and Sunday and getting paid commission from both 
Yes 
What is the maximum fine per offense ...
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Law of contracts practice test Questions with complete solutions
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Law of contracts practice test Questions with complete solutions 
According to the TREC contracts, the title company (on behalf of the seller) will send what to the buyer within 20 days after they receive the signed contract? 
To make a contract valid, someone may need to contract through the power of attorney if they: 
 
In the event that the buyer cannot secure financing, a financing contingency allows: 
WHAT must be delivered to the seller or the seller's agent within three days after the...
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California Legal Aspects of Real Estate Final Exam 2023 Questions & Answers(Rated A+)
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A promissory note is: 
 
a. evidence of the debt 
b. evidence of a sale 
c. a security interest in the property for the lender 
d. the same as a mortgage or trust deed - ANSWERa. evidence of the debt 
 
In order to be considered an emancipated minor and have the capacity to contract, a minor must: 
 
a. be married, widowed, or divorced; have entered military service on active duty; or have received a declaration of emancipation from a court 
 
b. just state that he is an emancipated minor 
 
c....
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TExES Business and Finance (276) Prep Manual & Extras Latest 2023 Already Passed
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xES Business and Finance (276) Prep Manual & Extras Latest 2023 Already Passed Income Statement Produced once a month to ensure expense review and control 
Income Statement' Allows a company to determine how much money is coming in and how it's being spent 
Promissory Note Indicates a loan and debt financing to raise capital 
Convertible Securities Used to raise capital by way of equity financing 
Convertible Securities' Stock or bond, that can be converted to another type of security 
Conver...
Too much month left at the end of the money?
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Purdue MGMT 200 Final Exam Questions and Answers Rated A+
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Purdue MGMT 200 Final Exam Questions and Answers Rated A+ 
Woodcrest, Inc. borrowed $50,000 from a local bank and signed a promissory note. What entry should Woodcrest record? Debit Cash, $50,000; Credit Notes Payable, $50,000. 
We record interest expense in the period in which we pay it, rather than in the period we incur it False. Interest expense is recorded in the period incurred, not in the period in which we pay it. 
On November 1, 2018, Knomark, Inc. signed a $100,000, 6%, six‐month not...
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TICO Supervisor/ Manager Exam Correct 100%
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John is a student who has decided to create his own company to provide walking 
tours in his hometown of Thunder Bay. Some tourists book a tour, but because 
John has the flu, he does not show up. The tourists complain to TICO that their 
afternoon was ruined. Why is TICO unable to assist these consumers? 
a. a tour guide is considered to be an end supplier and is therefore exempt 
from registering with TICO 
b. John should have registered with TICO because he is providing a type of 
travel serv...
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Gold Coast Final Exam: Questions & Answers
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Gold Coast Final Exam: Questions & Answers 
What is the form you sign that says you will pay the loan back ? Correct Ans - promissory note 
 
What is the post licensing grace period after first expiration ? Correct Ans - none 
 
Deposits is a form of... Correct Ans - valuable consideration 
 
Physical land and improvements Correct Ans - real property 
 
Is it a violation if a sales associate work for two brokers Monday-Friday, and Satur...
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Champions real estate finance Exam Questions with Verified Answers
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mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors 
 
Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing 
 
Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk 
 
Origination - Answer- The process of creating a new mortgage loan 
 
U...
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FL Bail Bonds Test Questions &Answers(RATED A)
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Which two Florida Statutes govern the bail bond industry? -ANSWER Chapter 648 and 903 
 
Which Governmental agency or department governs the bail bond industry in the state of Florida? -ANSWER Florida Department of Financial Services 
 
The Records of all Bail Bond written in this state must be made available within how many hours after being requested by the state? -ANSWER 48 hours 
 
What types of action can the department take against an agents bail bond license? ( 4 types) -ANSWER Fine-Proba...
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