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71 missed terms
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1 of 71
Definition
1) Loan Origination Fees, 2) Discount Points, 3) Interest on Loan, 4)
Mortgage Insurance, 5) Homeowner's Insurance, 6) Reserves
deposited with lender, 7) Closing Attorney's Fee, 8) Appraisal, 9)
Survey, 10) Inspection Fees, 11) Title Insurance premium, 12) Recording
Mortgage Lien, 13) Courier Fees.
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, Offer & Acceptance - Communication Closing Disclosure - Delivery to
Of Buyer
Closing Disclosure - Typical Closing Disclosures - Timeline for
Buyer Expensese Disclosures
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2 of 71
Definition
The parol evidence rule states that once a written agreement has been
signed by all of the parties, it cannot be changed by an oral
agreement, except when fraud or a serious mistake is involved.
Contract is interpreted as a WHOLE and Words are interpreted in
Original Meaning.
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Contract: Unfair or Deceptive Trade
Contract: Parol Evidence Rule
Practices - Duress
Contracts Contract - Formation
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, 3 of 71
Definition
Delivery of Borrower's Closing Disclosure NO LESS THAN 3 business
days prior to Settlement.
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Installment land contract - definition Closing disclosure - poc
Closing Disclosure - Delivery to
Offer - response to buyer's offer form
Buyer
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4 of 71
Definition
When the last offer or counteroffer is signed and initialed and is
COMMUNICATED to the other party or their agent in ANY manner.
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Contract: parol evidence rule Contract - Formation
, Contracts Contract: void
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5 of 71
Definition
Buyer hires & pays for the attorney. Attorney's responsibilities: 1)
Coordinate the process, 2) Issues validity of Title Opinions, 3) Prepares
Closing Documents (CD), 4) Conducts Closing
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Contract: Unfair or Deceptive Trade
Contract: Unilateral
Practices - Duress
Preclosing Procedures: NC
Statue of Frauds
Attorney State
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Your time: 1 min
Correct 0
0%
Incorrect 71
Next steps
71 missed terms
Practice terms in Learn Take a new test
Practice your missed terms Try another test to boost
more until you get them your confidence.
right.
Your answers
1 of 71
Definition
1) Loan Origination Fees, 2) Discount Points, 3) Interest on Loan, 4)
Mortgage Insurance, 5) Homeowner's Insurance, 6) Reserves
deposited with lender, 7) Closing Attorney's Fee, 8) Appraisal, 9)
Survey, 10) Inspection Fees, 11) Title Insurance premium, 12) Recording
Mortgage Lien, 13) Courier Fees.
Give this one a try later!
, Offer & Acceptance - Communication Closing Disclosure - Delivery to
Of Buyer
Closing Disclosure - Typical Closing Disclosures - Timeline for
Buyer Expensese Disclosures
Don't know?
2 of 71
Definition
The parol evidence rule states that once a written agreement has been
signed by all of the parties, it cannot be changed by an oral
agreement, except when fraud or a serious mistake is involved.
Contract is interpreted as a WHOLE and Words are interpreted in
Original Meaning.
Give this one a try later!
Contract: Unfair or Deceptive Trade
Contract: Parol Evidence Rule
Practices - Duress
Contracts Contract - Formation
Don't know?
, 3 of 71
Definition
Delivery of Borrower's Closing Disclosure NO LESS THAN 3 business
days prior to Settlement.
Give this one a try later!
Installment land contract - definition Closing disclosure - poc
Closing Disclosure - Delivery to
Offer - response to buyer's offer form
Buyer
Don't know?
4 of 71
Definition
When the last offer or counteroffer is signed and initialed and is
COMMUNICATED to the other party or their agent in ANY manner.
Give this one a try later!
Contract: parol evidence rule Contract - Formation
, Contracts Contract: void
Don't know?
5 of 71
Definition
Buyer hires & pays for the attorney. Attorney's responsibilities: 1)
Coordinate the process, 2) Issues validity of Title Opinions, 3) Prepares
Closing Documents (CD), 4) Conducts Closing
Give this one a try later!
Contract: Unfair or Deceptive Trade
Contract: Unilateral
Practices - Duress
Preclosing Procedures: NC
Statue of Frauds
Attorney State
Don't know?
