Freddie mac 2024 exam Study guides, Class notes & Summaries

Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024 An opinion of value - answerThe appraised value of a property is: assessed value - answerthe amount that your local government determines your property to be worth for tax purposes subject property - answerThe property that is being appraised. ad valorem - answeraccording to value Principle of Conformity - answerMaximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (Uniform Sta...

PrepAgent Exam Questions With 100% Correct Answers 2024/2025 For the past 30 years, the Ls have operated a neighborhood grocery store. Last week the city council passed a zoning ordinance that prohibits packaged food sales in the area where the Ls' grocery store is located. The store is now an example of a/an: A) nonconforming use. B) variance of the zoning laws. C) violation of eminent domain. D) illegal enterprise. - answerA) nonconforming use. Explanation: This is an example of "g...

PrepAgent Exam Questions With 100% Correct Answers 2024/2025 For the past 30 years, the Ls have operated a neighborhood grocery store. Last week the city council passed a zoning ordinance that prohibits packaged food sales in the area where the Ls' grocery store is located. The store is now an example of a/an: A) nonconforming use. B) variance of the zoning laws. C) violation of eminent domain. D) illegal enterprise. - answerA) nonconforming use. Explanation: This is an example of "g...

Azure Tide Real Estate Exam 1 (2023-2024) | Questions and Complete AnswersAzure Tide Real Estate Exam 1 (2023-2024) | Questions and Complete AnswersAzure Tide Real Estate Exam 1 (2023-2024) | Questions and Complete AnswersAzure Tide Real Estate Exam 1 (2023-2024) | Questions and Complete Answers Which group is responsible for the preparation of the comprehensive plan or plan amendment? - ANSWER- The Planning Commission Advertising that discriminates against people based on ________ is prohib...

Champions School Of Real Estate Finance Exam 2024 Tested And Verified A home equity loan available to homeowners over 62 years of age - the lender makes payments to the borrower based on the equity in the property - the loan comes due upon the sale of the property or the death of the owner. - Reverse Annuity Mortgage A loan with an interest rate tied to a readily available index - the rate will be adjusted periodically causing payment changes. - Adjustable Rate Mortgage (ARM) The refu...

NMLS Flashcards 2024 Questions and Answers Graded A+ -AfBA/ABA stands for? -What is it? -Affiliated Business Arrangement -If referring client to another business of yours (1%) then you must disclose ASAP Other ways to say "Doc Signing" -Loan consummation -Loan Settlement -Loan Closing Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:11 / 0:15 Full screen What is an escrow account? -account holding money for insurance...

NMLS 2024 Exam Questions with Correct A What law deals with credit, APR & advertising of consumer loans? - Answer- TILA/REGULATION Z Which regulation prohibits kickbacks? - Answer-RESPA Which regulations requires the lender to cancel PMI when the loan reaches 78% LTV? - Answer-HPA - Homeowners Protection Act Which regulation prohibits fee splitting? - Answer-RESPA Regulation X is the letter used to describe which Law? - Answer-RESPA RESPA is the acronym used to describe which law...

Champions School Of Real Estate Finance Exam 2024 Tested And Verified A home equity loan available to homeowners over 62 years of age - the lender makes payments to the borrower based on the equity in the property - the loan comes due upon the sale of the property or the death of the owner. - Reverse Annuity Mortgage A loan with an interest rate tied to a readily available index - the rate will be adjusted periodically causing payment changes. - Adjustable Rate Mortgage (ARM) The refu...

Texas Real Estate Finance Exam Study Guide with Complete Solutions The _______ market refers to the selling and purchasing of closed real estate mortgage loans. - Answer️️ -secondary The secondary market is a national market in which mortgages secured by real estate in all parts of the United States are ______ ____ _______. - Answer️️ -bought and sold Secondary market agencies have two main activities: 1) ___ _____ and 2) ______ ________ ________ _______. - Answer️️ -buying lo...

Azure Tide Real Estate Exam 1 (2023-2024) | Questions and AnswersAzure Tide Real Estate Exam 1 (2023-2024) | Questions and AnswersAzure Tide Real Estate Exam 1 (2023-2024) | Questions and AnswersWhich group is responsible for the preparation of the comprehensive plan or plan amendment? - ANSWER- The Planning Commission Advertising that discriminates against people based on ________ is prohibited by the Fair Housing Act and its amendments. - ANSWER- Religion Which of the following protects ...