Va property exam answers - Study guides, Class notes & Summaries

NMLS 2023/2024 Exam Questions with Correct Answers Bridge loan: - Answer-A bridge loan is a loan for a short duration of time and can be used when one is purchasing one property but is dependent on the equity from another property that has not yet been sold. Once the property is sold then the bridge loan is repaid. Business day: - Answer-Monday through Saturday except holidays.For the LE, when creditor is open to the public for carrying on substantially all of the creditor's business funct...

Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower are _____. - ANSWER - Origination activities The process of evaluating a borrower's loan application to determine the risk involved for the lender is - ANSWER - Underwriting Which of the ...

Exam FX, VA Property & Casualty Insurance Exam | 303 Questions and Answers | 100% verified

Virginia Real Estate National Exam 2023-2024 Questions and Answers 100% CorrectVirginia Real Estate National Exam 2023-2024 Questions and Answers 100% CorrectVirginia Real Estate National Exam 2023-2024 Questions and Answers 100% CorrectVirginia Real Estate National Exam 2023-2024 Questions and Answers 100% Correct (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. - ANSWER...

Real estate class final exam(2023 updated)question and answers rated A+ Which of the following cannot be a trustee? - correct answer CPA The discount points are 3%, which represents $2,700. The buyer down payment is 20%. What is the purchase price of the property - correct answer 100%-20%= 80% $2,700/3%= $90,000 90,000/80%= $112,500 A method of legal description that uses definite property lines and starting points is called? - correct answer Formal metes and bounds The seller wants t...

ASREB SCHOOL EXAM QUESTIONS AND ANSWERS When a tenant moves out of a rental unit due to an electrical fire that was not their fault this would be called? Constructive eviction A property manager is considered what type of agent? General agent If a dwelling is damaged or destroyed by fire how many days must the tenant give the landlord to terminate the rental agreement? 14 A real estate broker is normally what type of agent? Special A broker's duty to a third party would be: Honesty ...

CHAPTER 3 Mortgage Loan Foundations: The Time Value of Money TRUE/FALSE 1. In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 2. One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 3. At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 4. The future value of $800 deposited ...

Exam FX, VA Property & Casualty Insurance Questions and Answers 100% CorrectExam FX, VA Property & Casualty Insurance Questions and Answers 100% CorrectExam FX, VA Property & Casualty Insurance Questions and Answers 100% CorrectExam FX, VA Property & Casualty Insurance Questions and Answers 100% Correct Which of the following is NOT covered by the condominium unit owners endorsement - ANSWER-Furniture in the building A building insured with commercial property insurance has been vacant 9...

Exam FX, VA Property &Exam FX, VA Property & Casualty Insurance Exam Questions and Answers 100% CorrectExam FX, VA Property & Casualty Insurance Exam Questions and Answers 100% Correct Casualty Insurance Exam Questions and Answers 100% CorrectExam FX, VA Property & Casualty Insurance Exam Questions and Answers 100% Correct The members of a limited liability company are insureds under a businessowners policy (BOP) if - ANSWER-The limited liability company is designated as the named insured. ...

VA PROPERTY & CASUALTY INSURANCE EXAM FX | CONTAINS 250 ACCURATE REAL EXAM QUESTIONS AND ANSWERS | EXPERT VERIFIED | GRADED A | GUARANTEED PASS | UPDATED 2024