Goldcoast Study guides, Class notes & Summaries

Involuntarily InactiveWhen the licensee fails to complete the required continuing education and thereby cannot renew their license. Multiple LicensesUnder certain situations, licensees can have more than one license; A Multiple license can exist if a broker has business of such a nature that more than one broker's license is needed for legitimate business purposes and not be harmful to the public. A broker can have multiple brokers' licenses if he manages more than one brokerage firm. A b...

Involuntarily Inactive - correct answer When the licensee fails to complete the required continuing education and thereby cannot renew their license. Multiple Licenses - correct answer Under certain situations, licensees can have more than one license; A Multiple license can exist if a broker has business of such a nature that more than one broker's license is needed for legitimate business purposes and not be harmful to the public. A broker can have multiple brokers' licenses if he manag...

Involuntarily Inactive - ans-When the licensee fails to complete the required continuing education and thereby cannot renew their license. Multiple Licenses - ans-Under certain situations, licensees can have more than one license; A Multiple license can exist if a broker has business of such a nature that more than one broker's license is needed for legitimate business purposes and not be harmful to the public. A broker can have multiple brokers' licenses if he manages more than one b...

Involuntarily Inactive When the licensee fails to complete the required continuing education and thereby cannot renew their license. Multiple Licenses Under certain situations, licensees can have more than one license; A Multiple license can exist if a broker has business of such a nature that more than one broker's license is needed for legitimate business purposes and not be harmful to the public. A broker can have multiple brokers' licenses if he manages more than one brokerage fir...

Goldcoast School of Real Estate Final stud guide verified questions and answers exam

GOLDCOAST SET FOR 4&11 WITH 100+ QUESTIONS AND NASWERS FINAL EXAM STUDY.

Which is the largest secondary market participant?Fannie Mae Which would be considered a toxic feature under the QM definition?Interest Only A lender who refuses to make loans on properties in certain neighborhoods is demonstrating process of __________Red Lining In order to ensure a loan closes an MLO conceals the fact the down payment is made with borrowed funds would be considered __________Actual Fraud An MLO realizes that his customer will not qualify for the loan so he convinces her ...

Which is the largest secondary market participant?Fannie Mae Which would be considered a toxic feature under the QM definition?Interest Only A lender who refuses to make loans on properties in certain neighborhoods is demonstrating process of __________Red Lining In order to ensure a loan closes an MLO conceals the fact the down payment is made with borrowed funds would be considered __________Actual Fraud An MLO realizes that his customer will not qualify for the loan so he convinces her ...

GOLDCOAST SET FOR 4&11 WITH 100+ QUESTIONS AND NASWERS FINAL EXAM STUDY.