Escrow guide - Study guides, Class notes & Summaries

Lead Inspector/Risk Assessor | ALL QUESTIONS AND ANSWERS 2023 GRADED A+!! Permanent abatement options include... - Paint removal, component removal, enclosure, encapsulation Lead Inspector - A certified individual who conducts a surface-by-surface investigation to determine the presence of lead-based paint. Lead-based paint - 1 mg/cm2 5000micrograms/g = 5000ppm .5% by weight What is lead based paint? - any surface coating containing at least 1 miligram per square centimeter of lead...

mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk Origination - Answer- The process of creating a new mortgage loan U...

Title Escrow Exam Study Guide Utah Questions With 100% Verified Answers How much can you spend on a special event for a client? - answer$75 Encumbrances - answerA claim, lien, charge, or liability attached to and binding real property Solvency - answerthe possession of assets in excess of liabilities; ability to pay one's debts. Escrow - answeris the process of holding monetary funds by a title agency or bank for the purpose of offering or purchasing real property. Title Insurance - an...

Real estate Rhode Island Law Exam Study Guide with Complete Solutions Real estate Rhode Island Law Exam Study Guide with Complete Solutions Real estate recovery act - ️️ Dept of business regulation establishes this account Covers anyone aggrieved by an act, misrepresentation, transaction or conduct of a licensed real estate broker upon the grounds of fraud, misrepresentation or deceit may recover no more than 50000 per one license Can't be used to reimburse any broker or salesperson...

NMLS Exam Study Guide: RESPA Questions and Answers 2024 Real Estate Settlement Procedures Act (RESPA) This act provides consumer protection for loans on residential properties of 1-4 units. Nothing of Value __________ can be given in exchange for the referral of business with the exception of real estate brokerage firms that are allowed to exchange referrals between themselves. 6 Ways to Show Appreciation for Your Child's Teacher Previous Play Next Rewind 10 seconds Move...

Rhode Island Law Exam Study Guide for Real Estate Complete Solution Commercial licensing regulation Promote the general welfare of the citizens of Rhode Island so that the public interest most effectively be served Clock hour at least fifty minutes of classroom instruction Promptly shall mean not more than 10 calendar days Principal broker 1. act in supervisory capacity for every real estate transaction 2. be responsible for the compliance of his or her affiliated licensees 3. respon...

Property Management Certification Exam Study Guide || With Questions & 100% Correct Answers Property Management Certification Exam Study Guide || With Questions & 100% Correct Answers Associated Licensee - ANSWER - licensee who is affiliated with a broker in charge or a property manager in charge branch office - ANSWER - A sub office of a company in which full-service real estate activities are conducted and at which a broker-in-charge or property manager-in-charge is licensed to conduct ...

MLO Josh must provide a(n) _____ when quoting an interest rate and terms to a consumer who has inquired about mortgage loan interest rates correct answers Corresponding APR When an MLO receives an inquiry related to mortgage loan interest rates, a corresponding annual percentage rate (APR) must be provided to the inquiring consumer at the same time a rate quote is delivered. What document can be used as a tool for explaining the APR to an applicant? correct answers Loan estimate When a con...

Study Guide 1.Which of the following are MOST likely to be addressed by building codes? A. Deed restrictions. B. Construction standards. C. Permissible uses of structures. D. Restrictive covenants. 2. A Real estate broker has a fiduciary responsibility to her client and her responsibilities include financial references, orders and examine reports, and must follow ADA title lll. This broker is most likely working for the client as: A) An affiliate B) An escrow officer C) A property...