Origination points - Study guides, Class notes & Summaries
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WRA Final Exam Questions with Verified Solutions
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WRA Final Exam Questions with Verified Solutions 
The buyer, in an effort to meet the terms of the Financing Contingency found in the WB-11 Residential Offer to Purchase, delivers a notice to the seller indicating that the buyer is ready to proceed to closing. Has the buyer waived the Financing Commitment Contingency? 
A:No, because the buyer does not have a check from the bank. 
B:Yes, because the financing contingency has been removed. 
C:No, because the buyer did not deliver a loan commitment...
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Aceable Agent - Principles of Real Estate II Exam Notes Questions & Answers(GRADED A+)
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PRINCIPAL - ANSWER-What is the term that describes the money that is lent? 
 
CASH TO CLOSE - ANSWER-Down payment minus earnest money? 
 
TOTAL SALES PRICE - ANSWER-Loan payment + loan principal? 
 
ORIGINATION POINTS - ANSWER-Loan points/fees charged 1% to compensate loan officers for underwriting and administering the loan. 
 
DISCOUNT POINTS - ANSWER-Loan points/fees charged 1% in exchange for a lower interest rate on the loan. 
 
DAY OF CLOSING - ANSWER-When is the seller responsible for pro...
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Post-Licensing Practice Exam for Florida Real Estate Sales Associates Accurate 100%
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Post-Licensing Practice Exam for Florida Real Estate Sales Associates Accurate 100% 
 
 
FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). 
 
Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party cancels in writing. The listing contract is - ANSWER void. 
 
Unlicensed personal assistants - ANSWER who are dir...
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Post-Licensing Practice Exam for Florida Real Estate Sales Associates practice study guide exam 2024 latest update(download to pass)
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FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are 
28% (HER) and 36% (TOR). 
 
 
 
Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party cancels in writing. The listing contract is 
void. 
 
 
 
Unlicensed personal assistants 
who are directed by the sales associate in how to do their jobs cannot be classified as independent contractors, and...
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AYPO Real Estate Principles of Real Estate II Exam Study Guide Already Passed
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If the base side of a triangular plot measures 45' and the height line measures 12', what is the area 
of the plot in square feet?([b x h] x ½ = A) 270 square feet 
An applicant is allowed to use what electronic devices during the real estate exam? Handheld calculator 
Convert the following fraction to a decimal for ease of computation: 31/25 1.24 
What is the general formula to determine Capital Gain? Profit from Sale - Base Value = 
Capital Gain 
A property owner borrows $490,000 at a 12% i...
And that's how you make extra money
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Champions School of Real Estate - Real Estate Finance Latest Update Rated A+
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Champions School of Real Estate - Real 
Estate Finance Latest Update Rated A+ 
 
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 
...
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COKO RE EXAM WITH 100% CORRECT ANSWERS(VERIFIED FOR ACCURACY).
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parcel 
portion of land delineated by boundaries 
 
 
 
• Real property 
ownership of real estate and the bundle of rights associated with owning the real estate. 
 
 
 
• Personal property 
ownership of anything that is not real estate, and the rights associated with owning the personal property item 
 
 
 
• Tangible property 
physical, visible, and material 
 
 
 
Intangible property 
abstract, having no physical existence in itself, other than as evidence of one's ownership interest. ...
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Aceable Agent - Principles of Real Estate II Exam Questions And All Correct Answers 2024.
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TOTAL = PART/PERCENTAGE 
PART = TOTAL x PERCENTAGE 
PERCENTAGE = PART/ TOTAL - Answer Formulas to calculate commission? 
 
PRINCIPAL - Answer What is the term that describes the money that is lent? 
 
CASH TO CLOSE - Answer Down payment minus earnest money? 
 
TOTAL SALES PRICE - Answer Loan payment + loan principal? 
 
ORIGINATION POINTS - Answer Loan points/fees charged 1% to compensate loan officers for underwriting and administering the loan. 
 
DISCOUNT POINTS - Answer Loa...
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Post-Licensing Practice Exam for Florida Real Estate Sales Associates Correct 100%
- Exam (elaborations) • 19 pages • 2024
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Available in package deal
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FHA requirements for housing expense ratios (HER) and total obligations ratio (TOR) are - ANSWER 28% (HER) and 36% (TOR). 
 
Yesterday, a broker obtained a 90-day listing contract that has a self-renewing provision extending the agreement an additional 60 days after expiration unless either party cancels in writing. The listing contract is - ANSWER void. 
 
Unlicensed personal assistants - ANSWER who are directed by the sales associate in how to do their jobs cannot be classified as independent ...
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Aceable Agen4 Question and answers already passed 2023/2024
- Exam (elaborations) • 17 pages • 2023
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Aceable Agen4 Question and answers already passed 2023/2024TOTAL = PART/PERCENTAGE 
PART = TOTAL x PERCENTAGE 
PERCENTAGE = PART/ TOTAL - Formulas to calculate commission? 
 
PRINCIPAL - What is the term that describes the money that is lent? 
 
CASH TO CLOSE - Down payment minus earnest money? 
 
TOTAL SALES PRICE - Loan payment + loan principal? 
 
ORIGINATION POINTS - Loan points/fees charged 1% to compensate loan officers for underwriting and administering the loan. 
 
DISCOUNT POINTS - Loan...
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