If a lender sells - Study guides, Class notes & Summaries

A licensee was showing property in an eight-unit complex to a prospective tenant using a motorized wheelchair. The tenant wanted to rent a unit, install grab bars in the bathroom, and lower all the door handles. The landlord: o :## Must allow the tenant to make the modifications at the tenant's expense, but can require, by the terms of the lease, restoration of the property. Which of the following is the best description of a fee simple estate? o :## The most complete ownership in prop...

CT Real Estate Licensing Practice Exam (2023/2024) Already Passed A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely: 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing. 1. an exclusive agency listing. A contract has been drawn which obliges the sellers to convey title to their land ...

Title Insurance Licensing Exam All of the following are characteristic of an ALTA loan EXCEPT: A. Exceptions B. Exclusions C. Contingencies D. Conditions C. Contingencies The policy limit noted in a title insurance policy applies to: A. Each defect B. Each claim C. Per year D. Cumulative claims D. Cumulative claims Brainpower Read More Zoning ordinances are establish by: A. Home builders B. Local Government C. Lender D. All the above B. Local government A good faith estimate...

National Exam - Practice of Real Estate Questions and Answers Graded A+ Practice of Real Estate Civil Rights act of 1866 prohibit racial discrimination in all conveying of real and personal property Practice of Real Estate in regards to convicted drug dealers... they are NOT covered under any condition under the federal fair housing act of 1968 and the amendment in 1988, authorized administrative law judges may now... admin law judges within HUD may now hold contested case hear...

ASREB Practice Exam, Sessions 1-18, Study Guide with Complete Solutions ASREB - Correct Answer ️️ - A 3.45-acre lot sells for 50 cents per square foot. What is the selling price? A) $37,570 B) $75,141 C) $76,230 D) $78,712 - Correct Answer ️️ -B 3.45 acres x 43,560 = 150,282 SF 150,282 SF x $0.50 = $75,141 A blind ad refers to an ad that A) provides no price. B) provides no address. C) gives no indication that the property is listed with a broker. D) gives no indication tha...

ECS1601Test bank with answers Economics, past exam papers Exam-Pack-Index From , assignment 1, assignment 2, .. ..complete solutions 1 ECS1601 TEST BANK Question 1 In the goods market of the circular flow model, …. 1) firms buy factors of production from consumers 2) firms buy finished products from households 3) consumers buy factors of production from firms 4) firms sell factors of production to the government 5) consumers buy finished products from firms The correct...

Question: A sublessee is a(n) - Tenant Question: A major disadvantage of owning investment property might be - Lack of Liquidity Question: The most favorable thing about a VA loan is that - VA loans guaranty gives the veteran favorable financing terms because the lender is protected from loss Question: Once the funds of a construction loan are disbursed to the contractor, and if the sub-contractor is not paid, - . The sub-contractor can file a lien against the home, even if the home is sold, ...

Which of the following is NOT true about a sale and leaseback of a commercial property? (a) Seller frees up funds (b) Ownership does not actually transfer (c) Buyer can deduct depreciation from his taxes (d) Seller is able to deduct rent payments from his gross income - Ownership does not actually transfer Which is not correct about PMI? (a) To request cancellation of PMI, you must be current on your loan. (b) For "high-risk loans" lenders are required to automatically remove PMI when ...

Colibri Real Estate Practice Final Exam Already Passed Why is the condition of bearing walls more important than non bearing walls? Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? Stabilized budget A buyer told broker Lena that she wants to move to Cuban n...

COLORADO STATE REAL ESTATE EXAM QUESTIONS AND ANSWERS, 100% ACCURATE, GRADED A+ The Amend/Extend Contract With Broker is used to change : - -Any contract to which the broker is a party According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract to Buy and Sell Real Estate: - -non-applicable financing conditions In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: - -Additional Provisions of a commission approved c...