Mortgage law - Study guides, Class notes & Summaries

South Carolina Real Estate Exam (State Portion Only) Questions and Answers The creditor should ascertain the preference of the _____ as to legal counsel relating to closing the loan and insurance agent. A) lender B) seller C) real estate agent D) borrower - Correct Answer ️️ -D) borrower The assumption fee when assuming a loan in SC may not exceed _____. A) 1% of the loan or $400, whichever is greater B) 1/2% of the loan C) $500 D) 1% of the loan or $400, whichever is less - Corr...

PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called ️ a contract Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probabl...

NY State Notary Public Multiple Choice Test (2024) || Questions & Answers (Rated A+) NY State Notary Public Multiple Choice Test (2024) || Questions & Answers (Rated A+) A Notary who refrains from performing a duty, which is imposed by law or inherent in the nature of his/her office, may be guilty of? a. A felony b. Criminal Contempt c. A Tort d. A Misdemeanor - ANSWER - d. A Misdemeanor A copy of a public record signed and certified as true copy by the public official having custody ...

Ohio Mortgage Law Review Questions with Complete Solutions Which of the following is NOT a factor listed under the Ohio Administrative Code for determining repayment ability? Current equity in the property An Ohio mortgage broker is required to keep its records for: Four years minimum The NMLS unique identifier for mortgage loan originators must be clearly shown: In advertisements The Superintendent may impose a fine of up to ______ per violation that is committed by an unlicen...

Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers Law No. 85/2006 Which law applies to Land Registration & Ownership (Role of DLD) Law No. 7/2006 Which law applies to Establishment of RERA Law No. 16/2007 Which law applies to Escrow Accounts Law No. 8/2007 Which law applies to Tenancy Law Law No. 26/2007 Law No. 33/2008 (amendment) Which ...

Well-structured PVL2602 Assignment 1 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). .... QUIZ Question 1 Complete Mark 1.00 out of 1.00 Wanda was a successful businesswoman who owned a house and several other assets. She was married to Steven, who iscurrently unemployed. They had two daughters, Bea and Carla. Wanda was diagnosed with cancer and shortly thereafter sheapproached ABC Trust and Wills to draw up a will for he...

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...

California Mortgage Law Practice Exam Questions and Answers 100% Pass If a broker receives payments related to a property management contract or a loan servicing contract whereby the broker is entitled to a part of the money as fees, the broker must deposit the funds in the trust account and must withdraw the fees: Within 25 days Mitigating factors that mortgage lenders offset the risk associated with nontraditional loan products may include each of the following EXCEPT: Rising real estate pri...

2023/2024 OACIQ Exam Prep - Questions with Verified Answers When do you need a new certificate of location? If previous one is older than 10 years, requires a new one. In the description sheet in MLS, inform collaborating brokers that a new one will be available soon. Seller asks to reduce commission if you find a buyer? You can include a clause in the BCS in 11.1 stating that in the event that you find a buyer, you will reduce your commission to 3%, however in the case of multiple offers, thi...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...