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BUNDLE FOR CE SHOP FINAL EXAM Q&A /SURE A
BUNDLE FOR CE SHOP FINAL EXAM Q&A /SURE A
[Show more]BUNDLE FOR CE SHOP FINAL EXAM Q&A /SURE A
[Show more]The components that make up a borrower's mortgage payment can best be remembered using 
which acronym? - PITI (principal, interest, taxes, and insurance) 
From a real estate professional's point of view, what's the purpose of qualifying buyers? - To 
determine the buyer's readiness to buy 
Activ...
Preview 2 out of 10 pages
Add to cartThe components that make up a borrower's mortgage payment can best be remembered using 
which acronym? - PITI (principal, interest, taxes, and insurance) 
From a real estate professional's point of view, what's the purpose of qualifying buyers? - To 
determine the buyer's readiness to buy 
Activ...
The Housing and Community Development Act of 1974 added which protected class to federal fair 
housing law? - Sex 
When is a cease and desist order effective? - Immediately upon issuance 
What's another name for an escrow account? - trust account 
Which act was the first to prohibit any exceptions ...
Preview 3 out of 17 pages
Add to cartThe Housing and Community Development Act of 1974 added which protected class to federal fair 
housing law? - Sex 
When is a cease and desist order effective? - Immediately upon issuance 
What's another name for an escrow account? - trust account 
Which act was the first to prohibit any exceptions ...
which of the following is the price a lender believes the property will bring at a foreclosure sale? - 
mortgage value 
Burt terminated his exclusive right-to-sell listing agreement with Scott, his listing broker. Burt may 
legally do this as long as he's ________ - willing to pay Scott's commissi...
Preview 2 out of 15 pages
Add to cartwhich of the following is the price a lender believes the property will bring at a foreclosure sale? - 
mortgage value 
Burt terminated his exclusive right-to-sell listing agreement with Scott, his listing broker. Burt may 
legally do this as long as he's ________ - willing to pay Scott's commissi...
A property is listed as having four bedrooms and two-and-a-half bathrooms. However, when showing 
your buyer clients the property, you only count three bedrooms. As their agent, what should you do 
as part of your due diligence? - Investigate this discrepancy. 
A real estate professional in Maryland...
Preview 2 out of 12 pages
Add to cartA property is listed as having four bedrooms and two-and-a-half bathrooms. However, when showing 
your buyer clients the property, you only count three bedrooms. As their agent, what should you do 
as part of your due diligence? - Investigate this discrepancy. 
A real estate professional in Maryland...
Kris made an offer on Lincoln's townhouse. However, Kris offered no earnest money. If Lincoln 
accepted her offer, would it be binding? - Yes, because the offer to buy is the consideration. 
What score does an applicant need to pass the national and state exams for a real estate affiliate 
broker l...
Preview 2 out of 11 pages
Add to cartKris made an offer on Lincoln's townhouse. However, Kris offered no earnest money. If Lincoln 
accepted her offer, would it be binding? - Yes, because the offer to buy is the consideration. 
What score does an applicant need to pass the national and state exams for a real estate affiliate 
broker l...
Blaire apparently hasn't learned her lesson. She paid a $5,000 penalty when MREC found her guilty 
of misrepresentation, a $10,000 penalty when she was found guilty of placing a for sale sign in 
someone's yard without permission, and now she's committed three more violations by placing a 
series...
Preview 3 out of 18 pages
Add to cartBlaire apparently hasn't learned her lesson. She paid a $5,000 penalty when MREC found her guilty 
of misrepresentation, a $10,000 penalty when she was found guilty of placing a for sale sign in 
someone's yard without permission, and now she's committed three more violations by placing a 
series...
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