Escrow chapter 4 - Study guides, Class notes & Summaries

FLORIDA REAL ESTATE CLASS FINAL EXAM(QUESTION AND ANSWERS) GADED A+ A Business Broker - CORRECT ANSWERSpecializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - CORRECT ANSWERKeeping in contact with the new owner after the closing of the sale A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is called - CORRECT ANSW...

PA State Board – Law Latest 2023 Graded A Board The State Board of Cosmetology Booth Space The area of a salon in which a licensed cosmetologist or a holder of a limited license provides to a client a service for which a license is required under the act. Bureau The Bureau of Professional and Occupation Affairs in the Department of State Department The Commissioner of Professional and Occupation Affairs in the Department of State Limited License A license issued by the Board to an individu...

FREC Study Guide | 100% Correct Answers | Verified | Latest 2024 Version Identify the information on the Subdivision Plat Map - An engineer's plan for land use superimposed on a map to be developed . Distinguish among the three categories of residential construction. - Speculative (spec) homes- building without buyer in advance of construction, Custom home- constructs home with a buyer using plans, Tract homes- model homes Cite the fee waiver for military veterans and their spo...

Florida RE Exam Practice Questions c - ANS Which tax lien is superior? a. Mechanic Lien Jan 2, 2013 b. Housing Lien March 30, 2013 c. Property Tax Lien Jan 1,2013 d. Mortgage Lien September 30, 2013 b - ANS A landlord has how many days to make a claim on a deposit? a. 15 b. 30 c. 7 d. 3 b - ANS Which of the following ways is NOT a way to determine a fixture. a. Intent b. Disposition c. Method d. Adaptation a - ANS What fees does the buyer pay...

Superior Engrade Chapter 11 A Exam Questions with Verified Answers A homebuyer recently financed his first home with a fixed rate conventional loan. The type of interest he will pay over the life of the loan is probably -Answer-Simple interest A building was sold for $115,000. Down payment was made in the amount of $15,000 and deposited in escrow. The buyer obtained a new loan for the balance of the purchase price. The lender charged two discount points. What was the total amount charged t...

Chapter 16-Escrow and Closing Already Rated A+ Which of these transactions requires the use of a Closing Disclosure? ️New home purchase with conventional financing A contract states that the taxes be prorated between the buyer and seller. The taxes have been paid in advance. The proper entry on the closing statement is? ️Credit the seller and debit the buyer The escrow requires that the taxes be prorated between the buyer and the seller. The taxes have not been paid. The property...

Gold Coast RE 1001 Cram, Practice Math and Final Exam with complete solutions Graded A+ 312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be ...

Property Manager Eligibility Requirements Able to read, write, and understand English Real Estate Broker Practice May engage in building housing and selling housing, or may sell or negotiate the sale of any lot in any subdivision of land comprising of 5 or more lots. Agent Eligibility Requirements 1. Able to read, write, and understand English 2. Is a high school graduate or GED holder 3. Has successfully completed course of study (60 hours) prescribed by the Commission at an ...

Superior Engrade Chapter 11 A Exam Questions with Verified Answers A homebuyer recently financed his first home with a fixed rate conventional loan. The type of interest he will pay over the life of the loan is probably -Answer-Simple interest A building was sold for $115,000. Down payment was made in the amount of $15,000 and deposited in escrow. The buyer obtained a new loan for the balance of the purchase price. The lender charged two discount points. What was the total amount charged t...

Colibri Review Exam Questions and Complete Solutions Under normal circumstances, what is the maximum number of years a commissioner may serve? - Answer: 6 Which of the following terms is defined herein: "Every interest or estate in real property including but not limited to freeholds, leaseholds and interests in condominiums, town houses or planned unit developments, whether corporeal or incorporeal, and whether the real property is situated in Nevada or elsewhere"? - Answer: Real Estate...