Aceable Agent - Principles of Real Estate II Exam 2023 with correct answers

TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL correct answersFormulas to calculate commission? PRINCIPAL correct answersWhat is the term that describes the money that is lent? CASH TO CLOSE correct answersDown payment minus earnest money? TOTAL SALES PRICE correct answersLoan payment + loan principal? ORIGINATION POINTS correct answersLoan points/fees charged 1% to compensate loan officers for underwriting and administering the loan. DISCOUNT POINTS correct answersLoan points/fees charged 1% in exchange for a lower interest rate on the loan. DAY OF CLOSING correct answersWhen is the seller responsible for property taxes? Uniform Standards of Professional Appraisal Practice (USPAP) correct answersEthical code for appraisers? Appraiser Qualifications Board (AQB) correct answersWho regulates USPAP? TALCB correct answersTexas Appraiser Licensing & Certification Board acronym? LICENSED RESIDENTIAL APPRAISER correct answersQualified to appraise