Beneficiary deed Study guides, Class notes & Summaries

Tennessee National Portion REAL ESTATE EXAM Latest 2024 Graded A+ A corporation is - Answer ️️ -a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is - Answer ️️ -property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a - Answer ️️ -tenancy in common between the new owner and the remaining joint t...

Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease What is not an adequate method of transferring property? - ANSWER-Executive Sale What is considered personal property? - ANSWER-Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...

Superior NC Real Estate Important Final Exam questions (Answered 100% Correctly) 2024 Superior NC Real Estate Important Final Exam questions (Answered 100% Correctly) 2024 RESPA -Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) C. th...

1. Which of the following authorizes the use of the "Power Sale" in a deed of trust? a. Trustor b. Court c. Beneficiary d. TrusteeAnswer c. Beneficiary 2. Why would a seller accept an agreement for sale instead of a purchase money mortgage? a. The agreement gives more flexibility to the buyer b. The seller can keep the deed until the carryback is paid c. The buyer can prevent foreclosure d. The purchase money mortgage note is more negotiableAnswer b. The seller can keep the deed u...

CA Insurance License Exam Questions and Answers 100% Correct As used in this code the word "shall" is - Correct Answer ️️ -Mandatory (unless otherwise apparent) As used in this code the word "may" is - Correct Answer ️️ -permissive (unless otherwise apparent) "Oath" includes - Correct Answer ️️ -affirmation "Person" means - Correct Answer ️️ -person, association, organization, partnership, business trust, limited liability company, or corporation Definition of In...

Promissory Note correct answers A written agreement to repay a debt Who is the maker of the note in a promissory note? correct answers The debtor Who is the payee of the note in a promissory note? correct answers The creditor Who is a holder in due course? correct answers One who gets payments Who is the mortgagor? correct answers Borrower Who is the mortgagee? correct answers Lender In Alabama, who has the title until the debt is paid? correct answers The mortgagee Deed of ...

MO REAL ESTATE EXAM SMART EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Under a Listing agreement, who would be the client? The Salesperson The broker The Seller They Buyer - -The Seller A property was sold by a foreclosure sale. The sale did not produce enough money to satisfy all the debts on the property. What could the creditor who weren't paid now file? A deed in lieu of foreclosure An estoppel certificate A deficiency judgement A blanket Mortgage - -A deficien...

Superior Real Estate Highlighted Points in Class Exam Questions And Answers Alienation means what referring to a title -Answer-Transfer or means -Answer-Gives ee means -Answer-Receives SC ______ theory state -Answer-Lien Mortgagor. ....... Buyer Mortgagee.........Bank Petition the court to foreclose NC _________ theory state -Answer-Title Deed of trust is the mortgage Trustee...... law firm Trustor.......Buyer Beneficiary. ..... Bank Foreclosure go through probate NC OTPC -Answer-...

Superior NC Real Estate Important Final Exam questions (Answered 100% Correctly) 2024 RESPA -Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) C. the trustor(s) The trustor is the borrower in a lending situation using a trust deed. The b...

Real Estate Exam Questions and Answers Graded A+ Which of the following are required of deeds to be enforceable Grantors signature Personal property could be Emblements Real property is Transferred by a deed What is it called when the government gives a parcel of real property back to a private citizen Vacation A chain of title Lists all the grantors and grantees since the beginning A grantor is Person transferring real property Consideration is Money or valuables Emb...