Fair housing amendment Study guides, Class notes & Summaries

In addition to the protected classes under the Fair Housing Act, the ECOA is protective of what? correct answersPublic Assistance Age Marital Status The buyers applied for an FHA loan. The property appraisal was $5000 less than the sales price in the contract. What are the options of the parties in the contract? correct answersThe buyer may proceed with consummation of the contract without regard to the amount of the appraised valuation. The amendment to Contract form is used when the pa...

WRA FINAL EXAM QUESTIONS AND ANSWERS. 0-Bedroom Dwelling ANSWER : Any residential dwelling in which the living area is not separated from the sleeping area Abstract of Title ANSWER : A condensed history of a property's title showing, in chronological sequence, matters such as conveyances, liens, and encumbrances that have been recorded against the title in the office of the register of deeds or other public recording place Acceleration Clause ANSWER : A clause within a mortgage permitti...

AYOP Principles of Real Estate 1 Exam Questions And Answers Fixity - ANS land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) Situs - ANS location preference from an economic standpoint rather than geographical Economic Characteristics of Land - ANS scarcity, modification, fixity, situs 3 physical characteristics of land - ANS non-homogeneity, immobility, and indestructibility Texas Real Estate Lic...

NY REAL ESTATE PRACTICE TEST CORRECTLY SOLVED 2024 1. A blanket mortgage usually contains which clause? A. assumption B. release C. sunrise D. good guy - Answer ️️ -B 2. A CMA is different from an appraisal because: A. an appraisal is based only on facts B. an appraisal is an opinion of value C. a CMA can consider expired listings and properties on market D. an appraiser cannot, by law, perform a CMA - Answer ️️ -c 3. A colorless, odorless, tasteless, radioactive gas which ca...

NY REAL ESTATE PRACTICE TEST CORRECTLY SOLVED 2024 1. A blanket mortgage usually contains which clause? A. assumption B. release C. sunrise D. good guy - Answer ️️ -B 2. A CMA is different from an appraisal because: A. an appraisal is based only on facts B. an appraisal is an opinion of value C. a CMA can consider expired listings and properties on market D. an appraiser cannot, by law, perform a CMA - Answer ️️ -c 3. A colorless, odorless, tasteless, radioactive gas which ca...

AYOP Principles of Real Estate 1 Exam With 100% Correct Answers 2024 Fixity - answerland and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) Situs - answerlocation preference from an economic standpoint rather than geographical Economic Characteristics of Land - answerscarcity, modification, fixity, situs 3 physical characteristics of land - answernon-homogeneity, immobility, and indestructibility Texas Real Estate License...

Florida Cam Actual Exam (Questions And Answers) A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration - CORRECT ANSWER-True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase - CORRECT ANSWER-True The Florida Fair Housing Act prohibits discrimination on the basis of handicap - CORRECT ANSWER-True A va...

Fixity - ANSWER-land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) Situs - ANSWER-location preference from an economic standpoint rather than geographical Economic Characteristics of Land - ANSWER-scarcity, modification, fixity, situs 3 physical characteristics of land - ANSWER-non-homogeneity, immobility, and indestructibility Texas Real Estate License Act - ANSWER-Passed in 1949 and created TREC. It consist of...

NYS Real Estate Exam 2024 Which of the following is considered a fixed operating expense? utilities, cleaning expenses, insurance premiums, management fees. - Answer ️️ -Insurance Premiums What is overage rent? - Answer ️️ -Rent calculated on a percentage of sales volume what is the amount a buyer owes at closing equal to? - Answer ️️ -The excess of the buyers debits over the buyers credits real estate agents are typically what kind of agent - Answer ️️ -special agent what...

Fixity - ANSWER-land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) Situs - ANSWER-location preference from an economic standpoint rather than geographical Economic Characteristics of Land - ANSWER-scarcity, modification, fixity, situs 3 physical characteristics of land - ANSWER-non-homogeneity, immobility, and indestructibility Texas Real Estate License Act - ANSWER-Passed in 1949 and created TREC. It consist of...