ASREB Exam 2023/2024 with 100% correct answers

Salesperson is working for a principal, but the salesperson exceeds authority in agreement. Principal does nothing to correct the actions, and the public is led to believe the actions were okay. Agency? - correct answer Estoppel Amount stated in a purchase contract in case the buyer breaches is called: - correct answer Liquidated In a sublease with a positive leasehold who benefits from excess rent? - correct answer Sub-lessor Property taxes are 1,525. 1st half paid by seller closes November 2nd - correct answer 512.57 Debit seller, credit buyer (518.07) Deed of trust is created, it also needs: - correct answer Note Consumer financial protection bureau is governing - correct answer Savings & Loan Associations Fixed rate 30 year loan is partially prepaid, has an effect on - correct answer Shortening the life of the loan Buyers interest in a purchase contract is assigned to 3rd party, sellers' permission - correct answer Never Required Apt. 2 units :900, 2550 - correct answer 2,030 90,000 1500 + 6% annum - correct answer 427.50 Sell house for 113,000 7% VA Loan 110,000 2 ½ points termite inspection - correct answer 29,840