Colorado closings - Study guides, Class notes & Summaries

Real estate express - Colorado closings final exam with complete solution

Which of the following is not permitted in a contract lawsuit? a. Liquidated damages b. Actual damages c. Specific performance d. Punitive damages d. Punitive damages A non-conforming loan fails to meet whose underwriting standards? a. The primary lender b. The provider of the mortgagee title policy c. Fannie Mae d. The PMI insurer c. Fannie Mae What is the major diff

Which of the following is not permitted in a contract lawsuit? a. Liquidated damages b. Actual damages c. Specific performance d. Punitive damages d. Punitive damages A non-conforming loan fails to meet whose underwriting standards? a. The primary lender b. The provider of the mortgagee title policy c. Fannie Mae d. The PMI insurer c. Fannie Mae What is the

REAL ESTATE EXPRESS - COLORADO CLOSINGS FINAL EXAM QUESTIONS AND ANSWERS 2024

What is the purpose of discount points? - It increases the yield to lenders How is the payoff of the seller's loan shown on the worksheet? - Debit to seller and credit to buyer What happens to items listed in B2 of the title commitment? - They appear as exceptions unless removed prior to closing Bill Buyer is purchasing Sam Seller's home and assuming the existing loan. The interest on the loan is $1200 paid in arrears. The closing is March 1, 2009. How is the interest shown on the Worksheet...

REAL ESTATE EXPRESS - COLORADO CLOSINGS FINAL EXAM ME! REVIEW NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS) ALREADY GRADED A+ 100%

Bill Buyer and Sam Seller enter into a contract. Sam's has work done on the house but fails to pay the contractor prior to closing. Three months after closing, the contractor puts a lien on the property. Which of the following is not a true statement? - Bill can sue Sam under the warranties provided in the deed. Bill can bring an action against the title company because it deleted the mechanic's lien exception from the title policy. The contractor is too late. Bill has no remedy against Sam...

COLORADO REAL ESTATE CLOSINGS AND SETTLEMENT FINAL REVIEW NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS) ALREADY GRADED A+ 100%

Real estate express - Colorado closings final exam with complete solution

COLORADO CONTRACTS AND REGULATIONS EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ Colorado Revised Statutes - -Colorado laws The license law exists to protect the public by setting a standard for competency and integrity. A real estate broker - -on behalf of another person, for any form of compensation, negotiates in real estate or any interest therein. An option - -a speculative, unilateral contract in which the optionee offers money now for the future right to buy a certain property. ...