Recission - Study guides, Class notes & Summaries

RECA Fundamentals Study Guide Questions And Answers 100% Verified. duty-based ethics - correct answer. Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - correct answer. Sells the optimal result for the greatest number of people Advisory note - correct answer. Punishment for a technical breach Administrative penalty/ fine - correct answer. One or two potentially serious infraction would cause ...

Loan Officer – NMLS Questions and Answers Graded A+ ECOA - REG B Equal Credit Opportunities Act If App for Cedit is Denied based on Appraisal, Borrower has 90 days to request a copy then Lender has 30 days to deliver HMDA - REG C Home Mortgage Disclosure Act Found in: Section 10 of 10-03 Loan App Government Monitoring Section Eliminates / Identifies Possible Discrimination RESPA - REG X Real Estate Settlement Procedures Act TIL/TILA - REG Z Truth in Lending Act (2015) Deals with:...

RECA Fundamentals Study Guide Exam Questions And Answers (Updated And Verified) Duty-based ethics - answerIndividual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - answerSells the optimal result for the greatest number of people Advisory note - answerPunishment for a technical breach Administrative penalty/ fine - answerOne or two potentially serious infraction would cause this punishment Ratification- acting without autho...

SCCJA CHAPTERS 17, 18,19, 22, 26, 28, AND 30: EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED/ Agency law is concerned with your __________for the _______ of others and their _____________ to you. - -responsibility, actions, obligations To create an agency relationship, there must be: A ______________ and An _______________ Who _________ consent that the __________ will act on behalf of the _________ Be subject to the ______________'s control thereby creating a ___________ relationship -...

duty-based ethics - Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - Sells the optimal result for the greatest number of people Advisory note - Punishment for a technical breach Administrative penalty/ fine - One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of authority Implication- advice outside of objective - These two ways of creating...

RECA fundamentals study guide with complete solutions duty-based ethics -Answer-Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics -Answer-Sells the optimal result for the greatest number of people Advisory note -Answer-Punishment for a technical breach Administrative penalty/ fine -Answer-One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of authori...

RECA fundamentals study guide questions and answers latest 2023duty-based ethics - correct answer Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - correct answer Sells the optimal result for the greatest number of people Advisory note - correct answer Punishment for a technical breach Administrative penalty/ fine - correct answer One or two potentially serious infraction would cause this punishment Ratification...

What is the Tennessee Real Estate Commission (TREC)? The judicial body of the real estate industry in Tennesee Following Discriminitory practice, you should make a coplaint within _____ days 180 What is time share estate? ownersihp or leashold estate in property devoted to a time share fee, tenants in common, time span, ownership, interval ownership, and a time share lease What is an acquisition agent? License and attempts directly to encourage any person to attend a s...

RECA Fundamentals Study Guide Exam Questions And Answers (Updated And Verified) Duty-based ethics - answerIndividual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - answerSells the optimal result for the greatest number of people Advisory note - answerPunishment for a technical breach Administrative penalty/ fine - answerOne or two potentially serious infraction would cause this punishment Ratification- acting without autho...

Contract - ANSWER *agreement between two or morew competent parties based upon legal consideration that creates duties and obligations that are legally enforceable. 4 elements required for a contract - ANSWER *Competent Parties *Legal (or lawful) object or purpose *Agreement between the parties (offer & acceptance) *Consideration Valid Contract - ANSWER Contains all of the essential elements and is binding and enforceable upon both parties to the contract. Voidable Contract - ANSWER ...