Blanket lien - Study guides, Class notes & Summaries

WASHINGTON STATE MANAGING BROKER EXAM QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. At what point has listing agent earned a commission? - -When a ready, willing, and able buyer is found. If the seller backs out after accepting the offer, even if the buyer agrees to a rescission, the commission is still due. At closing, a sale doesn't go through because the seller's anticipated transfer to another city gets suddenly postponed, and the seller no longer wants to sell. Does the seller owe...

The final decision on the listing price for a property is made by the a) listing broker b) sponsoring broker c) seller d) appraiser - c) seller A rectangular parcel of land is 260 feet deep and 50 yards wide. How many square feet does it contain? a) 13,000 sq. ft. b) 36,400 sq. ft. c) 39,000 sq. ft. d) 52,000 sq. ft. - c) 39,000 sq. ft. A fee simple holder of a parcel of real estate grants a life estate to his son and stipulates that upon the son's death the property will pass to ...

Barney Fletcher Final Exam | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024 B. an exclusive right to sell listing - -A seller wants to list the property with a broker, but wants to avoid paying any commission should the seller be fortunate enough to sell the property. himself. Which of the following should the seller avoid signing? A. an exclusive agency listing B. an exclusive right to sell listing C. an open listing D. all listings C. do not tell them even ...

New Mexico RE Principles and Practice Questions and Answers Land value plus current construction costs minus depreciation - Correct Answer ️️ - Cost Approach He can refuse to rent to the tenant because of the history of violence. - Correct Answer ️️ -A landlord discovered that a potential tenant who applied for a unit has a history of alcoholism and violence. What should the landlord do? A person has AIDS - Correct Answer ️️ -Under FHA, It is illegal to discriminate if A judg...

Fundamentals of Mortgage Brokerage Exam With Complete Solutions AACI - answerAccredited Appraiser Canadian Institute - designation granted by Appraisal Institute of Canada Accelerated Payments - answerpayment options stream whereby the monthly mortgage payment is either split in half or in quarters and is paid every two weeks (bi-weekly) or every week (weekly) Accredited Mortgage Professional - AMP - answernational designation for mortgage professionals in Canada issued by the Canadian A...

Conventional loan - Answer-a loan that is neither federally insured nor guaranteed Non-conventional loan - Answer-mortgage loans through three agencies: The federal housing Admin. The US dept of Veteran Affairs US Dep. of Agriculture contract for deed (installment contract) - Answer-seller financing and buyer does not get deed until the property has been paid for in full Mortgage - Answer-Pledge of real property as a security for a promissory note. Mortgagor - Answer-borrows the money an...

Alabama Real Estate Exam All Answers Correct What type of listing is typically a verbal agreement? ️An Open Listing Implied Agency ️Relationship was never discussed but actions of one or more of the parties "implied" a relationship exists. What two agreements are considered personal services agreements? ️Listing agreement and Buyer agreement When both the buyer and the seller are represented by the same brokerage firm is called: ️Dual Agency Who typically manages the M...

Which of the following is NOT a specific lien? a. an unrecorded mortgage b. a mechanic's lien c. a judgement lien d. a blanket mortgage - ANSWER c. a judgement lien Which of the following is NOT an encumbrance on real property? a. lease b. easement c. homestead right d. restrictive convenant - ANSWER c. homestead right Which of the following is NOT an appurtenance? a. easement right b. mineral right c. water rights d. trade fixtures - ANSWER d. trade fixtures The physical c...

NY REAL ESTATE PRACTICE TEST CORRECTLY SOLVED 2024 1. A blanket mortgage usually contains which clause? A. assumption B. release C. sunrise D. good guy - Answer ️️ -B 2. A CMA is different from an appraisal because: A. an appraisal is based only on facts B. an appraisal is an opinion of value C. a CMA can consider expired listings and properties on market D. an appraiser cannot, by law, perform a CMA - Answer ️️ -c 3. A colorless, odorless, tasteless, radioactive gas which ca...

Champions School of Real Estate - Real Estate Finance Exam || Questions & Answers (100% Verified) Champions School of Real Estate - Real Estate Finance Exam || Questions & Answers (100% Verified) A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) - ANSWER - Non-Conforming Loan VA - ANSWER - Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity - ANSWER - Cash price minus the loan balance A clause of...