Texas real estate law Study guides, Class notes & Summaries

Texas Real Estate Law - SAE Champions School Of Real Estate-with 100% verified solutions

Texas Real Estate Law - SAE Champions School of Real Estate Exam Questions with Complete & Updated Solutions CERCLA Liability Rules - Answer ️️ -Hazardous Substance Liability 1. Owner 2. Prop Manager 3. Cleaner of the Facility Fair Credit Reporting Act - Answer ️️ -A federal law that established procedures that consumer-reporting agencies must follow in order to ensure that records are confidential, accurate, relevant and properly used. Truth in Lending Act - Answer ️️ -An ac...

Broker's Price Opinion (BPO) A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property Closing The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount Comparative Market Analysis (CMA) A report comparing the prices of sold homes that are similar to the subject property (called comparables), created by a license ho...

Texas Auctioneer License Part 1 Exam With Verified Solutions 2023/2024. Does an auc*oneer need a federal firearms license? Yes AND No; if estate sale then no, consignment sale then yes If an auc*oneer sales a firearm away from their business loca*on, how do they transfer to buyer? It must be returned to their business loca*on before transferring. Who determines the auc*oneers fee in federal bankruptcy court? The court sets the fee. Who must obtain a firearms license? Persons in the busi...

Texas Real Estate Law of Agency - Champions School of Real Estate

Texas Real Estate Law of Agency – Champions Exam 2023 Solution 100% Correct Which of the following has the authority to suspend or revoke a Texas real estate license? - CORRECT ANS - TREC Which of the following is an element of a listing agreement? - CORRECT ANS - the agreement to pay a stated commission, usually a percentage of the sales price The seller must: - CORRECT ANS - Fill out the Seller's Disclosure Notice A real estate brokerage firm that practices buyer agency only h...

Texas Real Estate Law of Agency - Champions School of Real Estate

Texas Real Estate Law - SAE Champions School Of Real Estate-with 100% verified solutions

Champion School of Real Estate-Law of Contracts Exam 2023...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...