Va state real estate exam - Study guides, Class notes & Summaries

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 Escrow and trust account must be ______ - answerseparate from checking account Written disclosure is required who the licensee represents in a brokerage relationship - when? - answerupon first substantive discussions about properties/specific properties or preforming any real estate services for client Print advertising - answerMust disclose licensee name and firm name For sale and lease signs - answermust have firm name ...

ASREB Exam Practice Questions and Answers types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) Two types (Upfront and Monthly) Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) Drops off automatically at 78% loan to value (LTV) Ask for removal at 80% loan to value VA Loan - Correct Answer ️️ -Funding Fee based on value USDA loan - Correct Answer ️️ -loan is zero do...

WASHINGTON STATE REAL ESTATE EXAM SET 1: QUESTIONS AND ANSWERS, GRADED A+/ when does the real estate agent give the seller's a copy of their listing agreement form? - - immediately what are the elements needed for a valid purchase and sales agreement? - -consideration (not of monetary value), in writing & lawful purpose. There does not need to be earnest money but often is a mortgage that secures both real and personal property as collateral to secure a borrower's debt - - package mor...

Colorado state Real Estate Exam Graded A+ The Amend/Extend Contract With Broker is used to change : ️Any contract to which the broker is a party According to Rule F on Commission Approved Contracts what sections may be omitted from the Contract to Buy and Sell Real Estate: ️non-applicable financing conditions In preparing a Contract to Buy/Sell, a broker can not put exculpatory language into: ️Additional Provisions of a commission approved contract "MEC" in a contract means...

A brokerage relationship is a correct answerscontractual one A brokerage relationship is between the correct answersbrokerage and the client, even if the salesperson initiated the relationship A brokerage agreement must be signed before the licensee performs any correct answerslicensed activities for the client Licensees must disclose that they work for their brokerage when they have correct answerstheir first substantive discussion with a client about a specific property Limited ser...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT 2024 Escrow and trust account must be ______ - answerseparate from checking account Written disclosure is required who the licensee represents in a brokerage relationship - when? - answerupon first substantive discussions about properties/specific properties or preforming any real estate services for client Print advertising - answerMust disclose licensee name and firm name For sale and lease signs - answermust have firm name ...

National Real Estate Exam 2024 Questions and Answers Already Passed When payments are made on amortized mortgage loans, the debt service includes Payment of principal, interest, taxes, and insurance on the mortgaged property A couple bought their first home, quantifying for a 30-year loan. The lender required regular, equal payments of sufficient size and number to pay all interest due on the loan and reduce the amount owed to zero by the loan's maturity date.This is most likely A ful...

Civil Service practice for Louisiana state Exam 150 Questions with Verified Answers Which of the following statements is true regarding Purchase Agreements? Select one: a. They must have a definite expiration date. b. They do not have to have an expiration date. c. A copy must be filed with the Real Estate Commission. d. A copy must be retained by the broker for 10 years. - CORRECT ANSWER They must have a definite expiration date. Under what conditions may a person or comp...

Virginia Real Estate Exam Questions with complete solutions 2023. (virginia time share act) For an initial purchaser, there is a _________day right of rescission. Meanwhile, a buyer has a 5-day right of rescission in a time share resale. - correct answers.7 If VA license applicant has had a license suspended or revoked in any jurisdiction because of association with disciplinary action - correct answers.A very detailed explanation of the event/circumstances must be included with his licens...

PSI NJ Real Estate Exam / PSI Practice Test - Q & A The Equal Credit Opportunity Act addresses all of the following EXCEPT a. discrimination in lending b. written statements of credit denial c. acceptable factors for borrower analysis d. standardization of interest rates Under the terms of their listing contract, the owners may sell their house themselves and pay no commission. If their agent sells it, a commission will be due. What kind of listing contract do the owners have? exclusive agency...