Real estate u - Study guides, Class notes & Summaries

REAL ESTATE U FINAL EXAM LATEST 2025 VERSION 1,2 AND 3 WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100% GUARANTEED PASS!

Pocket Card A card issued by the Department of State to each licensee which contains the photo , name and business address of the licensee , and , in the case of a real estate salesperson , the name and business address of the broker with whom he or she is associated and shall certify that the person whose name appears thereon is a licensed real estate broker or salesperson Must be carried by the agent at all times when serving as a salesperson . Article 12 A The section of the New York Re...

REAL ESTATE U FINAL EXAM ACTUAL EXAM COMPLETE REAL QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT VERIFIED SOLUTIONS) A NEW UPDATED VERSION |ALREADY GRADED A+

Abstract of Title - Answer- A condensed history or summary of all transactions affecting a particular tract of land. Acceleration clause - Answer- A condition in a real estate financing instrument giving the lender the power to declare all sums owing lender immediately due and payable upon the happening of an event, such as sale of the property, or a delinquency in the repayment of a note. Accession - Answer- An addition to property through the efforts of man or by natural forces. Accre...

Amy is looking to obtain a loan to purchase a new house. Her monthly mortgage payment (PITI) will be $3,650 per month. Amy's gross monthly income (her salary) is 5$12,000 per month. The lender requires a front-end ratio of no more than 32%. Will Amy qualify for a loan? -Correct Answer The answer is Yes because Amy's front-end ratio equals $3,650 / $12,000 = 0.304 or 30%.In other words, Amy's total monthly housing expense equals 30% of her gross monthly income, which is less than the len...

Real Estate U: Pass the NY State Exam | Q&A Latest 2024/2025 | 100% PASS NYS Department of State - Answer -is primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action. Article 12-A of the NYS Real Property Law outlines their roles/duties Commissions - Answer --are paid by the client (buyer or seller depending on the transaction) to the brokers involved in the transaction. -are typically 6% in New York -are always negotiable, and are det...

What is a lien theory state? -Correct Answer The homeowner holds the deed for the property throughout the entire loan. There is a mixed-use property for sale in Cassie's community, and a buyer walks into her office looking for a residential space. Should Cassie consider showing him the property zoned mixed-use? -Correct Answer Yes, because mixed-use is a combination of commercial and residential real estate An investor who bought a rental house needs someone to take care of the property...

©FYNDLAY 2024/2025 ALL RIGHTS RESERVED 11:29AM. A+ 1 Georgia Real Estate U Final Exam Study Questions And Answers| Already Graded A+| Latest Update. What is a lien theory state? - AnswerThe homeowner holds the deed for the property throughout the entire loan. There is a mixed-use property for sale in Cassie's community, and a buyer walks into her office looking for a residential space. Should Cassie consider showing him the property zoned mixed- use? - AnswerYes, because mixed-use i...

Real Estate U Pass the NY State Exam Questions and Correct Answers | Latest 2024/2025 | 100% PASS The Department of State - Answer -- Primarily responsible for issuing real estate licenses, pocket cards, and handing down disciplinary action - Provides advertising guidelines for brokers Article 12-A of the NYS Real Property Law - Answer -Outlines the roles/duties of the Department of State Commissions - Answer -- Commissions are paid by the client (buyer or seller depending on the trans...

2025 REAL ESTATE U FINAL EXAM LATEST UPDATED 125 QUESTIONS WITH CORRECT VERIFIED ANSWERS