Va real estate final exam Study guides, Class notes & Summaries

Final Exam A California real estate (2022/2023) Already Passed All of the following are ways by which an offer to purchase real estate would be terminate, except Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for which of the following items Prepaid rent When a Cal-Vet wishes to purchase a home and use his California veteran's benefit he would make t...

Final Exam A California real estate Questions and Answers 100% Pass All of the following are ways by which an offer to purchase real estate would be terminate, except - Correct Answer ️️ -Failure to communicate notice of revocation before the other party has communicated his or her acceptance When using their closing statement, escrow would debit the seller of income property for which of the following items - Correct Answer ️️ -Prepaid rent When a Cal-Vet wishes to purchase a hom...

WI Real Estate Final Exam Material Questions and Answers Already Passed Salespeople can use which of the following forms: a form prepared and approved by the Department Which of the following statements is true of property held in joint tenancy? If a joint tenant dies, the surviving tenant or tenants receive the interest of the deceased joint tenant When presenting an offer to a For Sale by Owner (FSBO), a buyer's licensee will present what form to the seller? Disclosure to Custome...

Virginia Real Estate Exam Questions with complete solutions 2023. (virginia time share act) For an initial purchaser, there is a _________day right of rescission. Meanwhile, a buyer has a 5-day right of rescission in a time share resale. - correct answers.7 If VA license applicant has had a license suspended or revoked in any jurisdiction because of association with disciplinary action - correct answers.A very detailed explanation of the event/circumstances must be included with his licens...

Final exam part 7As it relates to environmental hazards, A) real estate professionals carry the most exposure to liability. B) local governments carry the most exposure to liability. C) buyers often carry the most exposure to liability. D) sellers often carry the most exposure to liability. - correct answer D) sellers often carry the most exposure to liability. Which of the following is a hazardous substance that can be quickly absorbed by the body? A) Asbestos B) Carbon monoxide...

WI Real Estate Final (Exam) Q&A VERIFIED 100% CORRECT Salespeople can use which of the following forms: ANSWER : a form prepared and approved by the Department Which of the following statements is true of property held in joint tenancy? ANSWER : If a joint tenant dies, the surviving tenant or tenants receive the interest of the deceased joint tenant When presenting an offer to a For Sale by Owner (FSBO), a buyer's licensee will present what form to the seller? ANSWER : Disclosure to...

Real Estate Finance I-Champions Final Exam 2024 The minimum downpayment on a VA loan is: (a) 2% of the sales price (b) 0% of the sales price (c) 3.75% of the sales price (d) 1% of the sales price - CORRECT ANSWER-B _________ is the process of creating a new mortgage loan. (a) Origination (b) Funding (c) Underwriting (d) Servicing * - CORRECT ANSWER-A A veteran can have more than one VA loan: (a) If the prior VA loan was paid in full and the property disposed of (b) The prior VA l...

Superior NC Real Estate Important Final Exam QUESTIONS & Revised CORRECT ANSWERS <UPDATED&ALREADYPASSED> RESPA - ANSWER : -Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) - ANSWER : C. the trustor(s) The trustor is the borrow...

Chapter 3 – Conveying Real Property Interests Multiple Choice Questions [QUESTION] 1. A deed is a special form of written contract used to convey a permanent interest in real property. Unlike most contracts, a deed requires: A. both parties to be legally competent and of legal majority age. B. only the grantee to be legally competent and of legal majority age. C. only the grantor to be legally competent and of legal majority age. D. both parties to make promises to perform. Ans: C Diff...

Texas Principles of Real Estate II (2023/ 2024) Exam | Guide with Questions and Verified Answers| 100% Correct Q: Principle of Contribution? Answer: A component part of a property is valued in proportion to its contribution to the value of the whole. Holds that maximum values are achieved when the improvements on a site produce the highest (net) return, commensurate with the investment. Q: Principle of Competition? Answer: Holds that profits tend to breed competition and e...