Real estate u - Study guides, Class notes & Summaries

REAL ESTATE U FINAL EXAM (COMPLETE EXAM) | ALL QUESTIONS AND CORRECT ANSWERS WITH EXPLANATIONS | GRADED A+ | VERIFIED ANSWERS | LATEST VERSION 2025

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...

An acceleration clause is included in which of the following...? The mortgage Both the promissory note and mortgage The promissory note The lien - Answer- The promissory note? Collateral - - Answer- Marketable real or personal property which a borrower pledges as security for a loan. In mortgage transactions, specific land is the collateral. Promissory Note - - Answer- Following a loan commitment from the lender, the borrower signs a note, promising to repay the loan under stipulated t...

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

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

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...

New York Real Estate Exam with 100% Verified and Updated 2024 Where is the license law written? - Answer ️️ -Article 12-A Who is responsible for administrative discipline of real estate licensees? - Answer ️️ - Department of State or Secretary of State Under NYS Real Property Law, when Department of State revokes a salesperson's license, how much time must past before the salesperson can be relicensed? - Answer ️️ -One year If a broker's licensed is revoked, what happens to ...