Reconveyance deed - Study guides, Class notes & Summaries

Superior Real Estate School - Study for Retake Pre-Licensing Course Exam Q &A Jason's property is adjacent to a navigable river in North Carolina and Jason wants to sell his property. Which of the following statements is true? A. Jason can restrict the public from using that portion of the river that is next to his property B. An owner can sell the property and retain his rights to access the river once it is sold C. Jason's land ends at the center of the waterway D. If Jason obtains proper ...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 Olivia took out a 15-year loan secured with a deed of trust. She made her last payment this month. What happens now? - answerThe trustee grants a reconveyance deed to Olivia. - answer - answer - answer What is the reproduction cost? - answerthe cost to build an exact replica of the subject, with the same materials and deficiencies. Which fiduciary duty continues even after a transaction closes? - answerAcconting What i...

Escrow - Answer-(legal process) by which complex sale, exchange, or loan transaction involving real property is brought to completion. Escrows Required by law - Answer-Probated Property- in court dispute Impound AccountsLiquor LicensesNegotiable SecuritiesEscrows Recommended - Answer-Sales of Real Property Loans Exchanges Real Property - Answer-land and those things affixed to it (Attached by roots, imbedded, permanently resting on it, attached by mortar, nails, bolts, or escrew. Persona...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 Olivia took out a 15-year loan secured with a deed of trust. She worked two jobs in order to pay the loan back and finally made her last payment this month. What happens now? - answerBecause the property deed was held by a third-party trustee instead of the lender, the trustee grants a reconveyance deed to Olivia. Warren signed a contract with the Samsons for the sale of property he didn't own. What type of contract is t...

SAFE EXAM FINAL STUDY GUIDE QUESTIONS & ANSWERS 2023/2024 ECOA affords consumer protections from a) the time the loan is originated to the closing b) consumer contact through loan servicing c) advertising to application d) the application to the closing - ANSWER-consumer contact through loan servicing To generate leads, if you advertise a loan product or interest rate which you do not intend to make generally avaialable it is?a) Bait advertising b) A legal and ethical transaction c...

For all practical purposes, an "Alienation Clause" is basically the same as a: a) Call Clause b) Acceleration Clause c) Due on Sale Clause d) Defeasance Clause - ANSWERSc) Due on Sale Clause When the lender determines the amount of money to loan to a borrower by using a percentage of the property's appraisal or sales price, they are trying to determine the: a) Loan-to-Value Ratio b) Interest rate for the loan c) Origination fees d) Borrower's ability to repay the loan - ANSWERSa) ...

Notary Exam 2024 Practice Questions with 100% Correct Answers If a Notary identifies a signer through proper ID but forgets to put the information in her journal, she would be fined for? - Answer- 750 Aaron has filed his Oath of Office and bond with the county recorder's office where he holds his principal place of business. Aaron is under oath for the duration of his commission to follow all Notary laws as a result. If Arron falsifies a statement, verbally or in writing, he may be found...

Exam Real Estate Version A Questions and Answers 100% Correct Which of the following are required of deeds to be enforceable: - Answer- D. Grantors Signature Personal property could be: - Answer- D. Emblements Real property is: - Answer- B. Transferred by a deed What is it called when the government gives a parcel of real property back to a private citizen: - Answer- B. Vacation A chain of title: - Answer- D. Lists all the grantors and grantees since the beginning A grantor is: - Answer...

CALIFORNIA REAL ESTATE EXAM #2 REVIEW QUESTIONS WITH CORRECT ANSWERS Impounds are monies set aside (reserves) to cover future payments of recurring costs such as taxes and insurance. Foreclosure by sale would NOT involve a: (a) publication period. (b) deed of reconveyance. (c) notice of default. (d) Any of the above - Answer-B When the trustee sells property under the power-of-sale provision in a deed of trust, the recording of the Notice of Default by the trustee commences the th...

If a Notary identifies a signer through proper ID but forgets to put the information in her journal, she would be fined for? - ANSWER 750 Aaron has filed his Oath of Office and bond with the county recorder's office where he holds his principal place of business. Aaron is under oath for the duration of his commission to follow all Notary laws as a result. If Arron falsifies a statement, verbally or in writing, he may be found guilty of: - ANSWER Forgery A Proof of Execution by Subscribing...