Escrow chapter 13 - Study guides, Class notes & Summaries

NMLS EXAM 2023 QUIZ 100% SOLVEDFraud for money Laundering -Criminal uses scheme known as value tampering -Criminal offers to buy house at reduced rate -Seller must sell at appraised value on paper, but after closing, seller give the criminal the difference in cash. Adverse Action An unfavorable credit decision rendered against a consumer made on the basis of information contained on the credit application. If a lender takes adverse action against an applicant, the lender must notify...

1. John Anderson is a licensed real estate sales associate. Under which name may he register and be licensed? a. Complete Real Estate Sales Services b. John Anderson Brokerage c. John Anderson, LLC d. John Anderson and Partners - answer-c. John Anderson, LLC 2. A sales associate receives a binder deposit from a buyer on Monday. By the end of business on what day of the week must the broker deposit the funds into the escrow account? a. Tuesday b. Wednesday c. Thursday d. Fr...

Texas Principles of Real Estate 1 Chapter 1 Real Estate Professionals perform the following property-related functions: - answerCreation/improvement. Management/maintenance Demolition Investment Ownership Regulation Transfer Creation and Management - answerCreating real properties from raw land involves capital formation, financing, construction, contracting and regulatory approvals. Parties in creation and improvements - answerLandowner, developer, mortgage lender, market analysts, a...

Florida Real Estate Exam Questions With Certified Answers 100% Pass 3-month term loan of $5,000 at 13% interest. What is the total payment due at the end of the term? - Answer-5,000 x 13% = 650 per year; 650 / 12 months =54.17 per month x 3 months = 162.50; 5,000 principal + 162.50 interest = $5,162.50 /.When is the landlord required to notify the tenant in writing of the manner in which the landlord is holding the advance rent or security deposit and the rate of interest, if any, the tena...

Question Type Difficulty LO1: Direct and indirect costs LO2: DM, DL, Manuf. overhead LO3: Period and product costs LO4: Variable, fixed, and mixed costs LO5: High-low method LO6: Income statement formats LO7: Decision-making cost classifications Professional exam adapted 1 T/F E x 2 T/F E x 3 T/F M x 4 T/F H x 5 T/F E x 6 T/F M x 7 T/F M x 8 T/F E x x 9 T/F E x 10 T/F E x x 11 T/F E x 12 T/F M x ...

Abstract of title (Title Report) - ANSWER-A written history of all the transactions related to the title for a specific tract of land. This will include a history of all liens, judgements, easements and covenants on the property Abusive - ANSWER-Under the Dodd-Frank Act, this is act of a Loan Originator taking advantage of the borrower's lack of knowledge in the mortgage process. Accrued Interest - ANSWER-This is the interest that is charged over the course of the payment period. Addit...

NMLS EXAM 2021 QUESTIONS AND ANSWERS 100% CORRECT. Rated A Document Content and Description Below NMLS EXAM 2021 QUESTIONS AND ANSWERS 100% CORRECT Fraud for money Laundering -Criminal uses scheme known as value tampering -Criminal offers to buy house at reduced rate -Seller must sell at appraised value on paper, but after closing, seller give the criminal the difference in cash. Adverse Action An unfavorable credit decision rendered against a consumer made on the basis of information containe...

Net worth - answer-Assets (own) - Liabilities (owe) = Net Worth Personal finance plan - answer-Reasons to develop a __________: - Achieve your financial goals - Achieve financial independence - Invest intelligently - Minimize your payments to Uncle Sam - Cover your assets The Personal Financial Planning Process - answer-Step 1: Awareness and Setting Financial Goals Step 2: Creating and Activating Plans Step 3: Evaluating and Revising Plans: Moving forward Step 1: Awareness ...

  1. SSDI (Social Security Disability Insurance) Answer: Section 404 of 20 CFR specifically outlines the regulations regarding Social Security Disability Insurance aka Title II aka Disability Insurance Benefits - all of these are synonymous and are used interchangeably to describe this program. It's a good idea to read the table of contents to 20 CFR 404 so you can get a better understanding of which subparts discuss which topic regarding Social Security Disability Insurance. Unlike ...

Document Content and Description Below NMLS EXAM 2021 QUESTIONS AND ANSWERS 100% CORRECT Fraud for money Laundering -Criminal uses scheme known as value tampering -Criminal offers to buy house at reduced rate -Seller must sell at appraised value on paper, but after closing, seller give the criminal the difference in cash. Adverse Action An unfavorable credit decision rendered against a consumer made on the basis of information contained on the credit application. If a lender takes adverse actio...