Lenders and ad Study guides, Class notes & Summaries

CE Shop Arkansas Practice Test questions and answers 100% guaranteed success. Alexi signed a time-share purchase contract on the Wednesday before Memorial Day weekend. What is the last day he can possibly submit a cancellation notice to the seller? A. On Memorial Day B. The day after Memorial Day C. The day before Memorial Day D. The Friday before Memorial Day - correct answer. B. The day after Memorial Day Since the fifth day after the signing of the cont...

An opinion of value The appraised value of a property is: assessed value the amount that your local government determines your property to be worth for tax purposes subject property The property that is being appraised. ad valorem according to value Principle of Conformity Maximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (Uniform Standards of Professional Appraisal Practice) Standards that have been established b...

Mortgage Agent Final Exam Questions With Correct Answers Updated 2023/2024. Home Buyer's Tax Credit (HBTC) - ANSWER For 2011 and subsequent years, the federal government provides a non-refundable tax credit, based on an amount of $5,000, for certain home buyers that acquire a qualifying home. The HBTC is calculated by multiplying the lowest personal income tax rate for the year by $5,000. The current maximum credit is $750. More information can be found on the Canada Revenue Agency (CRA) w...

Econ Test 3 questions and answers 100% correct Which person can be categorized as a discouraged worker? Candy Kane worked at Mama's Used Cars until two months ago. She is trying to find work in her dream profession as a chocolatier. Andy Friese was formerly employed at Mama's Used Cars. He has not worked there for six months and has given up looking for work. Dan Druff currently works at Mama's Used Cars. He expects to be laid off in two weeks. Mildred Ender currently works for M...

CFCI Study Guide 2024 with Complete Solutions Fraud - Answer- "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad-vantage." Main types of fraud - Answer- Internal Fraud and External Fraud Internal Fraud - Answer- Activities that may be criminal, committed within an ...

North Carolina Real Estate PreLicensing Questions and Answers Abstract of Title - `ANSWER The condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate. Acceleration Clause - `ANSWER The clause in a mortgage or deed of trust that can be enforced to make the entire debt due immediately...

Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024 What does D.U.S.T. stand for? - answerDemand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - answerLoan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. - answerprinciple of contribution the forces acting on a parcel of land are always affecting the value of the land - answerPRIN...

When does oregon's property tax year begin? - ANSWER July 1st and ends on june 30th of the next year What lender would be the least likely to approve a short sale? - ANSWER junior lenders b/c they are in a secondary position when it comes to liens against the property and realize there may not be any money left to pay them after the lender in first position gets paid what is true about the assessed value of oregon real estate - ANSWER It's the value used to calculate the property tax...

South Carolina Real Estate Exam (State Portion Only) Questions and Answers The creditor should ascertain the preference of the _____ as to legal counsel relating to closing the loan and insurance agent. A) lender B) seller C) real estate agent D) borrower - Correct Answer ️️ -D) borrower The assumption fee when assuming a loan in SC may not exceed _____. A) 1% of the loan or $400, whichever is greater B) 1/2% of the loan C) $500 D) 1% of the loan or $400, whichever is less - Corr...

ASREB Practice Exam from Book Questions & Answers Verified 100% Correct!! A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not c. gives no indication that the property is listed with a broker A borrow...