Lenders and ad Samenvattingen, Aantekeningen en Examens

What is the form to confirm tax records that's filled out with IRS? - 4506-T form APR - Annual percentage rate What is an APR? - The annual rate of interest that is charged for using credit What does an APR consist of? - Discount points, mortgage insurance premiums, administrative fees (ordination fees, processing fees, underwriting) Ballon payment - A final payment at the end of a loan term to pay off the entire remaining principal and interstate's balance, it is not covered by payments...

What is the form to confirm tax records that's filled out with IRS? - 4506-T form APR - Annual percentage rate What is an APR? - The annual rate of interest that is charged for using credit What does an APR consist of? - Discount points, mortgage insurance premiums, administrative fees (ordination fees, processing fees, underwriting) Ballon payment - A final payment at the end of a loan term to pay off the entire remaining principal and interstate's balance, it is not covered by payments...

CLFP Exam Questions With Verified Answers Latest Update (Scored A+) Code of Hammurabi correct answer1750 BC, acknowledged leasing of Personal Property. First Record of Leasing First Example of A True Lease correct answerShip Charters. Phoenicians leased the ship and crew requiring them to assume benefits and obligations of ownership Statue of Wales correct answer1284 AD. English Common Law - to deal with leasing of personal property and clarified in 1571 to define who owned the leased prop...

The Bryants have not received any feedback from any showings in the past month. - Answer-Agent Will has had a listing with the Bryants for 6 Weeks. They called Will's office and told the secretary they are upset and need to speak with Will. Which of these actions might have caused their upset? "What do you think would be a fair price?" - Answer-Jane has been working with some buyers for several weeks. She thinks they are really interested in one particular property, but when she approaches...

Adjusted basis is initial basis... - correct answer plus capital expenditures, less depreciation A loans interest is best defined as... - correct answer a charge paid by a borrower in exchange for use of the lenders money. Deborah sells her property to Juan, but Juan fails to record the deed. Which of the following statementd is true about unrecorded deeds? - correct answer The deed is still valid between Deborah and Juan. A property's market value is described as the... - corre...

New York State Real Estate Salesperson Licensing Exam Questions and Answers In NYS, how old must one be to enter into contracts? - Answer- 18 What other capability should they possess? - Answer- Mental and emotional capability What happens if one of the parties to the contract is a minor? - Answer- The contract is voidable by the minor What does the zoning board of appeals do? - Answer- Grants variances What regulates construction standards in NYS? - Answer- Building codes What does muni...

A 3.45-acre lot sells for 50 cents per square foot. What is the selling price? - ANSWER-$75,141 A blind ad refers to an ad that - ANSWER-gives no indication that the property is listed with a broker A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered - ANSWER-Equity A broker, acting as a property manager, would be what type of agent? - ANSWER-General A buyer pays 20% down and obtains a real estate mortgage. The buyer makes no furthe...

45 Hour Post License Florida Exam Questions and Answers Latest 2024/2025 |100% Correct Answers. A residential transaction os defined in F.S. 475 as the sale of any: correct answers - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options to purchase all or a portion of improved property of four or fewer residential units - dispositio...

Principles of Real Estate 2 Champion Questions and Correct Solutions 2024 An opinion of value - Answer -The appraised value of a property is: assessed value - Answer -the amount that your local government determines your property to be worth for tax purposes subject property - Answer -The property that is being appraised. ad valorem - Answer -according to value Principle of Conformity - Answer -Maximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (...

CLFP Exam Questions and Answers Latest Update | Scored A+. Oldest Record of Leasing correct answer2010 B.C. in Sumerian City of Ur using Clay tablets for ag tools, land & Water rights, oxen and other animals Code of Hammurabi correct answer1750 BC, acknowledged leasing of Personal Property. First Record of Leasing First Example of A True Lease correct answerShip Charters. Phoenicians leased the ship and crew requiring them to assume benefits and obligations of ownership Statue of Wales co...