Mortgage broker - Study guides, Class notes & Summaries
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024
- Exam (elaborations) • 38 pages • 2023
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is 
called ️ a contract 
Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting 
other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
When a sewer line is installed down a rural road, the cost will probabl...
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Fundamentals Of Mortgage Brokerage Module 1 Real Exam Question And Answers Latest Update
- Exam (elaborations) • 88 pages • 2024
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Fundamentals Of Mortgage Brokerage Module 1 Real Exam Question And Answers Latest Update
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NMLS Practice Test Hard Questions With Correct Answers 2024.
- Exam (elaborations) • 27 pages • 2024
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NMLS Practice Test Hard Questions With Correct Answers 2024.A discount point is BEST described as a charge the borrower pays to: 
 
A.) A lender to decrease the interest rate on the mortgage loan 
B.) A mortgage broker at the time of application to obtain a favorable rate 
C.) The seller as part of the closing costs of a loan 
D.) A lender to ensure against foreclosure - correct answer A.) A lender to decrease the interest rate on the mortgage loan 
 
A buyer has made an earnest money payment of...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. 
The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilatera...
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45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 (GRADED)
- Exam (elaborations) • 30 pages • 2024
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An economic recovery is defined as 
A) 
two successive quarterly declines in the gross domestic product. 
B) 
two successive quarterly increases in the gross domestic product. 
C) 
a period of higher housing prices. 
D) 
two successive periods of stock market gains. correct answers B) 
two successive quarterly increases in the gross domestic product. 
Explanation 
When consumers, lured by lower prices, venture back into the market, business activity increases 
and confidence begins to return. Sl...
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Superior School of Real Estate Final | 110 Questions With 100% Correct Answers.
- Exam (elaborations) • 16 pages • 2023
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Which of the following would create legally binding acceptance of a written offer? -The seller's 
agent emails the buyer's agent that the seller signed the offer as written. 
A broker is preparing a comparative market analysis (CMA) for a subject property with 3200 square feet. 
A comparable property has 2750 square feet. The estimated value of 450 additional square feet is 
$22,500. The broker should... -Add $22,500 to the sales price of the comparable property. 
An option to purchase has bee...
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Fundamentals of Mortgage Brokerage Real exam question and answers latest update
- Exam (elaborations) • 76 pages • 2024
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Fundamentals of Mortgage Brokerage Real exam question and answers latest update
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Fundamentals Of Mortgage Brokerage Practice Questions Real exam question and answers latest update
- Exam (elaborations) • 109 pages • 2024
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Fundamentals Of Mortgage Brokerage Practice Questions Real exam question and answers latest update
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Illinois Real Estate Broker PSI Practice Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 12 pages • 2024
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A licensee was showing property in an eight-unit complex to a prospective tenant using a motorized 
wheelchair. The tenant wanted to rent a unit, install grab bars in the bathroom, and lower all the door 
handles. The landlord... - Must allow the tenant to make the modifications at the tenants expense, 
but can require, by the terms of the lease, restoration of the property 
Which of the following is the best description of a fee simple estate? - The most complete ownership 
in property that one...
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RECA Mortgage broker; Questions and Answers 100% Solved
- Exam (elaborations) • 6 pages • 2024
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RECA Mortgage broker; Questions and Answers 
100% Solved 
The class of license needed for the operation of the real estate business Correct answer Brokerage 
First license earned when entering the real estate profession Correct answer Associate 
Three components of Leadership Correct answer Authority, responsibility and accountability 
Broker assigning duties to other qualified real estate professionals Correct answer Broker 
Delegation 
All the necessary education components to being a broker...
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