Michigan real estate exam - Study guides, Class notes & Summaries

"Which of the following is TRUE about Michigan transfer tax? A)Transfer tax is a charge to the buyer at the closing. B)Transfer tax is calculated on the sale price of the real estate being conveyed. C)Transfer tax is collected at the time a mortgage to real property is recorded. D)There are two types of transfer tax: county and city." - Answer- "B-Explanation: The answer is transfer tax is calculated on the sale price of the real estate being conveyed. The two types of transfer tax are...

(7) MICHIGAN REAL ESTATE EXAM - PROPERTY OWNERSHIP EXAM QUESTIONS FULLY SOLVED &UPDATED 2024

(7) MICHIGAN REAL ESTATE EXAM - PROPERTY OWNERSHIP EXAM QUESTIONS FULLY SOLVED &UPDATED 2024

Michigan Real Estate Exam with complete solutions

Michigan Real Estate Exam Questions With Verified Answers |100% Pass

What does LARA stand for? - Answer- The Department of Licensing and Regulatory Affairs What is the purpose of LARA? - Answer- to support business growth and the creation of new jobs by ensuring real estate business structure is fair and efficient Which of these entities or individuals are responsible for oversight of the Bureau of Professional Licensing? 1. Department Director 2. Chief Deputy Director 3. Director of Professional Licensing 4. Board of Real Estate Brokers and Salesperson...

Michigan Real Estate Exam with 100% correct Answers

Michigan Real Estate Exam Multiple Choice Questions and Answers (Graded A) Michigan Real Estate Exam Multiple Choice Questions and Answers (Graded A) Michigan Real Estate Exam Multiple Choice Questions and Answers (Graded A) Michigan Real Estate Exam Multiple Choice Questions and Answers (Graded A) "Which of the following is TRUE about Michigan transfer tax? A)Transfer tax is a charge to the buyer at the closing. B)Transfer tax is calculated on the sale price of the real estate ...

Michigan Real Estate Exam Questions and Answers

Middleton Real Estate Final Exam Questions all of the following statements would be true of TRID except? - ANSWER TRID requires a closing disclosure to be provided to the buyer 2 days before the settlement date. which of the following is not required when recording the deed with the county clerks office? - ANSWER two witnesses which of the following was added to the federal fair housing act in 1988 when it was amended? - ANSWER familial status and handicapped calculate the transfer tax ...