Real estate transactions Study guides, Class notes & Summaries

ACAMS Certification Exam 2023-2024 Questions and Answers Correct C - The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integration, Layering, Placement D - Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAMS certified employee in the Investiga...

Most common reason a property fails to sell is - Answer- price Matching human needs with goods or services to meet those needs is the process of - Answer- marketing _____________________ is a key personality trait of a successful agent - Answer- problem solving 3 Ways Sales Agents Add Value to the Buying Process - Answer- Counseling, Negotiating, and Managing the transaction Four P's of marketing real estate - Answer- product, promotion, price and place How can you know your prod...

appurtenance - correct answer -term used to describe rights, privileges or improvements that belong to and pass with the land improvements - correct answer -man's additions to the land such as building and landscaping personal property - correct answer -also called chattel or personalty; a right or interest in smiting of a temporary or movable nature and includes anything not classed as real property. Real property becomes personal property through severance. bill of sale - correct ans...

administrative law - correct answer -Body of law created by administrative agencies in the form of rules, regulations, orders, and decisions. agent - correct answer -A person entrusted with another's business; the person authorized by the principal to act on the principal's behalf. at arm's length - correct answer -People conduct negotiations on their own behalf without trusting the other's fairness or integrity and without being subject to the other's control or influence. caveat ...

Abstract of Title - Answer- A condensed history or summary of all transactions affecting a particular tract of land. Acceleration clause - Answer- A condition in a real estate financing instrument giving the lender the power to declare all sums owing lender immediately due and payable upon the happening of an event, such as sale of the property, or a delinquency in the repayment of a note. Accession - Answer- An addition to property through the efforts of man or by natural forces. Accre...

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...

Humber Real Estate - Course 2, Module 20, Completing Real Estate Transactions Humber Real Estate - Course 2, Module 20, Completing Real Estate Transactions Humber Real Estate - Course 2, Module 20, Completing Real Estate Transactions Yes, to ensure the property is protected. - ANSWER-Is it mandatory to be present at any third-party inspections at the home? - A buyer representation agreement or a buyer customer service agreement - The accepted agreement of purchase and sale - ...

DUBAI RERA BROKER EXAM 2023/2024 LATEST VERSION QUESTIONS AND CORRECT ANSWERS|AGRADE What is the only recognized authority to register real estate transactions outside the DFSA? - ANSWER-The Dubai Land Department (DLD) The Real Property Register is held at the DLD and branches held with whom? - ANSWER-Master developers

Which of the following is part of RECA's commitment to consumer protection? - AnswerWhat are some benefits that mortgage brokerage trade associations offer their members? - Answer- Licensing Standards for mortgage industry members Which entity has the authority to amend the Act? - Answer- Provincial Legislators Which of the following represents an accountability mechanism that RECA must comply with under the Act? - Answer- Previous Fiscal year In addition to mortgage brokerage trade associ...

BOMI- Budgeting and Accounting Final Exam 2023 Actual Questions and Answers Solved Correctly Which key components make up the bookkeeping process? (2) recording and classifying transactions is known as bookkeeping. Describe the roles filled by a accountant (3) Accounting is a system of summarizing, interpreting, and communicating financial data. What are the primary functions associated with accounting ? (4) Accounting is the next step in the process. Accounting is the system of summariz...