Escalation clause - Study guides, Class notes & Summaries

Residential Property Management - Final Exam (Wells) Questions with 100% Correct Answers | Latest Update 2024 The on-site commercial property manager - Answer ️️ -is one of the most important members of the management team. He or she is responsible for the day-to-day operations of a single large property, such as an office building or a shopping center. (pg. 428) The commercial property manager - Answer ️️ -coordinates fire and police protection services, and emergency evacuation a...

If contracted laundry services are provided off site: - ANSWER-The use of commercial laundry services is required by the contractor based on Department of Health. For residents with dementia, optimal food choices are best achieved by: - ANSWER-Good screening, proper nutrition and hydration, and pleasant meal times. Information should be added to an ICP: - ANSWER-At a minimum when the resident has a significant change of condition. A resident has the right to participate in social, relig...

Who does a salesperson represent? A. Client B. Customer C. Employing Broker D. Co-operating Broker - correct answer Employing broker when must licensee report criminal conviction - correct answer 10 days licensed mortgage loan originators are registered through - correct answer Nation Wide Mortgage Licensing System a clause in real estate transactions allows adjustments of payments up or down - correct answer escalation clause escrow company may disperse commissions direc...

ASREB PracTEST 100% Correct Solved Who does a salesperson represent? A. Client B. Customer C. Employing Broker D. Co-operating Broker - Correct Answer ️️ -Employing broker when must licensee report criminal conviction - Correct Answer ️️ -10 days licensed mortgage loan originators are registered through - Correct Answer ️️ -Nation Wide Mortgage Licensing System a clause in real estate transactions allows adjustments of payments up or down - Correct Answer ️️ -escalation...

REAL ESTATE EXAM PREP 2024 WITH A LOT OF QUESTIONS WHICH ARE UPDATED AND ANSWERED CORRECTLY, ALREADY GRADED A+ The STAR program provides a partial exemption to NYS homeowners for: A. school district taxes B. special assessment taxes C. county property taxes D. capital gains taxes - school district taxes A licensee attempts to get listings by telling homeowners in a neighborhood that their property values will decline when a group of immigrants move in. The licensee could be fo...

Law of contracts Exam Questions And Revised Correct Answers A real agreement is an agreement - ANSWER whereby a right is transferred Which of the following is NOT a requirement for the creation of a valid contract? - ANSWER The performance must be possible after the contract is concluded Portia and Lucas are married out of community of property. They want to purchase Jerome's car. Jerome offers to sell his car to Lucas for R100 000. Lucas and Portia accept Jerome's offer. W...

Mortgage - ANSWERSA pledge of real property as security for a debt. Deed of Trust - ANSWERSA three party loan instrument - borrower, lender and trustee. Note, Promissory Note - ANSWERSA personal promise to repay a debt. Mortgagor - ANSWERSBorrower under a mortgage Mortgagee - ANSWERSLender under a mortgage Beneficiary - ANSWERSLender under a deed of trust Trustor - ANSWERSBorrower under a deed of trust Trustee - ANSWERSA third party under a deed of trust who acts as an agent...

Federal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWERSbegan in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mortgage lending institutions in the primary market. Freddie Mac is a federally chartered corporation established as the Federal Home Loan Mortgage Corporation (FHLMC) - ANSWERSin 1970 for the purpose of purchasing mortg...

Kentucky Real Estate Mock Test 1 Already Graded A+ A $450,000 sale price was obtained from a 12% capitalization rate. What was the gross income when the total expenses were 15% of the gross? ️$63,529.41 Step 1 $450,000 x 12% = $54,000 Step 2 100% - 15% = 85% Step 3 $54,000 ÷ 85% = $63,529.41 A borrower purchased mortgagee's title insurance on a property. After the final payment was made on the mortgage, a title defect was found. The borrower would have recourse through the ️...

A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) Non-Conforming Loan VA Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity Cash price minus the loan balance A clause often found in a blanket loan allowing the borrower to obtain partial releases of specific lots by making required lump sum payments. Release Clause One percent of a loan that is a loan processing fee Originatio...