Real estate terminology - Study guides, Class notes & Summaries

Real Estate Finance Champions Stud VA loan requirements - ANSWERS· Must be honorably discharged · Must meet service requirements · Time frame of service; number of days active duty · Must obtain certificate of eligibility Loan terminology - origination, funding, underwriting, servicing - ANSWERS· Origination: Process of creating a new mortgage loan; includes steps to attract and qualify a borrower · Funding: Process of transferring funds to a title or escrow company for disbursemen...

Tennessee National Portion REAL ESTATE EXAM Latest 2023 Graded A+, Over 1500 Questions And Correct Answers A corporation is a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a tenancy in common between the new owner and the remaining joint tenants T...

VA Loan Requirements - ANSWERS- must be honorably discharged - must meet service requirements - time frame of service; number of days active duty - must obtain certificate of eligibility (COE) Loan Terminology - origination, funding, underwriting, servicing - ANSWERS1) Origination - process of creating a new mortgage loan; includes steps to attract and qualify a borrower 2) Funding - process of transferring funds to a title or escrow company for disbursement 3) Underwriting - process...

Tennessee National Portion REAL ESTATE EXAM Latest 2024 Graded A+, Over 1500 Questions And Correct Answers A corporation is a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a tenancy in common between the new owner and the remaining joint tenants T...

Activities Requiring a License Licensing law is there to protect the consumer. Licensing provides the preparation licensees need and the oversight the public demands to practice real estate professionally. Anyone representing themselves to the public as a real estate broker or sales associate, or using any wording whatsoever that would convey or imply that they're a licensed real estate professional, must be licensed. If compensation is accepted for real estate services, a license is needed. ...

Law of Agency Unit 1 Questions and Answers 100% Pass If a buyer hires a broker under a buyer representation agreement, the principal is the: buyer. If a seller signs a listing agreement with a broker, the ________ is the listing agent. broker There is no third party customer in ________ representation. intermediary The role each party (client, broker, or customer) has in the agency relationship is determined by the type of ________ used. employment agreement Listing Agents must: work with a...

The ________ of statutory law agency directly affect and regulate agency relationships. - Answer- Statues and rules What is the term for a legal relationship in which a person is authorized to conduct business, sign papers, or otherwise act on behalf of another person? - Answer- Agency Common law agency: - Answer- obtains its authority from customs originating from pre-colonial England. The principal is: - Answer- an individual or entity that has the ultimate authority to make decisions...

VA loan requirements - ANSWERS· Must be honorably discharged · Must meet service requirements · Time frame of service; number of days active duty · Must obtain certificate of eligibility Loan terminology - origination, funding, underwriting, servicing - ANSWERS· Origination: Process of creating a new mortgage loan; includes steps to attract and qualify a borrower · Funding: Process of transferring funds to a title or escrow company for disbursement · Underwriting: Process of evalu...

LPL4802 OCTOBER NOVEMBER PORTFOLIO (COMPLETE ANSWERS) Semester 2 2024 - DUE 30 October 2024 Course Law of Damages (LPL4802) QUESTION 1 (ESSAY) NATURE AND ASSESSMENT OF NON-PATRIMONIAL LOSS AND DAMAGES FOR PATRIMONIAL LOSS (4 pages, including rubric) PLEASE NOTE: You must present your answer in the form of an essay. Its marking rubric is attached with this examination paper. Study the case Komape and others v Minister of Basic Education and Others 2020 (2) SA 347 (SCA) a copy of it is attached ...

Virginia Real Estate Practice in Law(Terminology)Verified 100% Correct!!