Closing disclosure - Study guides, Class notes & Summaries

Colorado Mental Health Jurisprudence Exam Questions And Answers 2023/2024 Rated A+. Records required to be kept and record retention (DORA) - Correct Answer-SW must retain record for 7 years from the date of termination. I Record information on record - Correct Answer-name, phi, referral reason, mandatory disclosure statement. (5) Dates of service including, but not limited to the date of each contact with client, the date on which services began, and the date of last contact with client; ...

Real Estate Final Exam (150 Questions)-Answers Already Graded A-2023/2024 A real estate licensee has a buyer agency agreement. What is the seller in this situation? A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? He must exercise his option under the terms of the option contract. When can a landlord evict a disabled blind or disabled tenant from the premises? I...

Law of Contracts - Champions Test | Questions & Answers (Graded A+) Law of Contracts - Champions Test | Questions & Answers (Graded A+) Wrongful or criminal deception intended to result in financial or personal gain is called: - ANSWER - fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - ANSWER - 90 days __________ extend above the surface without limitation. - ANSWER - air rights An example(s) of an appurtenance would be: - ...

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 ...

PSI National real estate exam questions & answers 2023/2024 Martha was able to go to the closing and sign the paperwork to sell her mother's property while her mother was in the hospital. How could this be possible? 1. Martha may have been named an executor of her mother's will. 2. Her mother may have had a power of attorney drawn up making Martha her attorney in fact. 3. Martha and her mother may own the property as joint tenants, so that Martha may sign as owner 4. Martha's mother...

Ky Board of Auctioneer Test with 100% verified questions and answers Absolute Auction -ANS After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve -ANS when auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right to bid -ANS The auction...

1. If a party uses a fictitious or different name than its business name, it must be approved by the a. Maryland Insurance Administration b. National Association of Insurance Commissioners c. Maryland Land Title Association d. American Land Title Association - Answer a. Maryland Insurance Administration 2. When there is termination of the appointment by a title insurer, the insurer must update the producer register within how many days. a. 15 days b. 30 days c. 45 days d. 60 days - An...

New Jersey PSI Real Estate Exam With complete solutions. Water Rights ️ The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is ️ an agent to the broker and a subagent to the principal. Depreciation is calculated based on the ️ Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title...

Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024 Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer Which of the following is true about leverage? - ANSWER Leverage is the use of borrowed funds to purchase assets. Which of the following liens would take priority? - ANSWER A property tax lien In which of the following theories of mortgage lending does the borrower not retain ownership of the property during the loan ...

TX-Brokerage (SAE) Questions with correct Answers 2024 The _____ is required to ascertain that Brokers are aware of all of their responsibilities. Texas Real Estate Commission The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of a broker's responsibilities and obligations under 22 TAC §535.2. Broker Responsibility MCE Who Must Ta...