Reconveyance deed - Study guides, Class notes & Summaries

Olivia took out a 15-year loan secured with a deed of trust. She worked two jobs in order to pay the loan back and finally made her last payment this month. What happens now? - Answer-Because the property deed was held by a third-party trustee instead of the lender, the trustee grants a reconveyance deed to Olivia. Warren signed a contract with the Samsons for the sale of property he didn't own. What type of contract is this? - Answer-A party can't promise to do something impossible in a co...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 Olivia took out a 15-year loan secured with a deed of trust. She made her last payment this month. What happens now? - answerThe trustee grants a reconveyance deed to Olivia. - answer - answer - answer What is the reproduction cost? - answerthe cost to build an exact replica of the subject, with the same materials and deficiencies. Which fiduciary duty continues even after a transaction closes? - answerAcconting What i...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 Olivia took out a 15-year loan secured with a deed of trust. She worked two jobs in order to pay the loan back and finally made her last payment this month. What happens now? - answerBecause the property deed was held by a third-party trustee instead of the lender, the trustee grants a reconveyance deed to Olivia. Warren signed a contract with the Samsons for the sale of property he didn't own. What type of contract is t...

Real Estate Exam Questions and Answers 100% Correct Which of the following are required of deeds to be enforceable - Answer- Grantors signature Personal property could be - Answer- Emblements Real property is - Answer- Transferred by a deed What is it called when the government gives a parcel of real property back to a private citizen - Answer- Vacation A chain of title - Answer- Lists all the grantors and grantees since the beginning A grantor is - Answer- Person transferring real prope...

Notary Exam 2024 Practice Questions with 100% Correct Answers If a Notary identifies a signer through proper ID but forgets to put the information in her journal, she would be fined for? - Answer- 750 Aaron has filed his Oath of Office and bond with the county recorder's office where he holds his principal place of business. Aaron is under oath for the duration of his commission to follow all Notary laws as a result. If Arron falsifies a statement, verbally or in writing, he may be found...

If a Notary identifies a signer through proper ID but forgets to put the information in her journal, she would be fined for? - ANSWER-750 Aaron has filed his Oath of Office and bond with the county recorder's office where he holds his principal place of business. Aaron is under oath for the duration of his commission to follow all Notary laws as a result. If Arron falsifies a statement, verbally or in writing, he may be found guilty of: - ANSWER-Forgery A Proof of Execution by Subscribing...

If a Notary identifies a signer through proper ID but forgets to put the information in her journal, she would be fined for? - Answer 750 Aaron has filed his Oath of Office and bond with the county recorder's office where he holds his principal place of business. Aaron is under oath for the duration of his commission to follow all Notary laws as a result. If Arron falsifies a statement, verbally or in writing, he may be found guilty of: - Answer Forgery A Proof of Execution by Subscri...

Real Estate Exam Questions and Answers 100% Correct Which of the following are required of deeds to be enforceable - Answer- Grantors signature Personal property could be - Answer- Emblements Real property is - Answer- Transferred by a deed What is it called when the government gives a parcel of real property back to a private citizen - Answer- Vacation A chain of title - Answer- Lists all the grantors and grantees since the beginning A grantor is - Answer- Person transferring real prope...

Notary Exam 2024 Practice Questions with 100% Correct Answers If a Notary identifies a signer through proper ID but forgets to put the information in her journal, she would be fined for? - Answer- 750 Aaron has filed his Oath of Office and bond with the county recorder's office where he holds his principal place of business. Aaron is under oath for the duration of his commission to follow all Notary laws as a result. If Arron falsifies a statement, verbally or in writing, he may be found...

Maine Real Estate Questions Marth lives on one side of a two-family house. She wants to advertise the other side as non-smoking. Can she legally do so? - correct answer Yes, because the right to smoke is not protected by law. Under the Equal Credit Opportunity Act (ECOA) a lender does not have to offer a loan to: a.) a recipient of food stamps b.) recipient of social security c.) a 90-year-old man looking for a 30-year mortgage d.) a recipient of public assistance with poor credit hist...