Escrow chapter 1 - Study guides, Class notes & Summaries

escrow1 Question and answers rated A+ 2023/2024 Transaction coordinator (tc) - correct answer Is a real estate professional Who assist the agent and broker in the processing of the legal compliant real estate property transaction file generally they are responsible for gathering much of the information managing most of the paperwork meeting deadlines and following up of the contractual items involved in a real estate transaction as part of the pre escrow process. CAL BRE S regulations - corr...

1 REAL ESTATE FL EXAM 2024/25 REVIEW QUESTIONS AND ANSWERS, RATED A+ A sales associate works under - -the direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisal - -With a flat fee The product/service that all real estate professionals sell is - -their expert knowledge Which area of real estate requires the highest degree of expertise? - -Counseling Which Florida Administrative Code expands upon the statutory provisions of Chapter 475,...

CA Escrow Question and answers rated A+ 2023/2024California's property ownership concepts have their roots in a. French common law. b. Spanish common law. c. English common law. d. none of these. - correct answer c California's property ownership concepts have their roots in English law. (p. 2) The character of property interests and private property rights in California can be traced back to a. the French. b. the Spanish. c. the English. d. none of these. - correct answer b The c...

Escrow Question and answers already passed 2023/2024Principle meridian - correct answer The north-south lines separating townships 5 ways to acquire property - correct answer Occupancy Accession Transfer Will Succession Escrow agent - correct answer any person engaged in the business of receiving escrows for deposit or delivery Metes and bounds - correct answer A method of land description which involves identifying distances and directions a

MASSACHUSETTS REAL ESTATE SALESPERSON LICENSE/ EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ RE Salesperson License requirements? - -18 years old, 40 hour class, pass the exam, must affiliate with a broker to practice and may not accept direct client payments Broker's License requirements? - -3 years salesperson experience, 40 hour class, pass the exam, $5,000 bond and pay a fee. What is MLS? - -Multiple Listing Service. It's a marketing tool used by Salespeople to show their listings...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 How is an earnest money deposit held in escrow reflected on the closing statement? (a) Credit to the buyer (b) Debit to the buyer (c) Credit to both the buyer and seller (d) Credit to the seller - answera. The buyer pays the binder deposit when the contract is entered into. It is entered as a credit to the buyer since this portion of the purchase price has already been paid and will not have to be paid again. Since the ...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 How is an earnest money deposit held in escrow reflected on the closing statement? (a) Credit to the buyer (b) Debit to the buyer (c) Credit to both the buyer and seller (d) Credit to the seller - answera. The buyer pays the binder deposit when the contract is entered into. It is entered as a credit to the buyer since this portion of the purchase price has already been paid and will not have to be paid again. Since the ...

Escrow Chapters 1-15 Study Question and answers rated A+ 2023/2024 An escrow officer is an agent to: the seller only. both the buyer and seller. the buyer only. neither the buyer nor seller. - correct answer both the buyer and seller. Escrow officers should never:

Escrow: Chapter 1 Complete Guide Escrow ️(legal process) by which complex sale, exchange, or loan transaction involving real property is brought to completion. Escrows Required by law ️Probated Property- in court dispute Impound Accounts- Liquor Licenses- Negotiable Securities- Escrows Recommended ️Sales of Real Property Loans Exchanges Real Property ️land and those things affixed to it (Attached by roots, imbedded, permanently resting on it, attached by mortar, nai...

Gold coast chapter 5A trade name must be registered with the ____ ___ ___at the department of State - correct answer Division of corporations A sales associate can be a stockholder in a brokerage corporation but may not be a ___ or ___ - correct answer Officer, director A real estate brokerage corporation must have at least ___ active broker serving as a ___ - correct answer 1, officer Anyone, whether licensed or not, can be a ___ ___ in a real estate brokerage limited partnership - ...