Fair value reserve Study guides, Study notes & Summaries

AARMR stands for - American Association of Residential Mortgage Regulations AML - Anti-Money Laundering Blockbusting - Illegal practice of inducing homeowners to sell their properties cheaply by telling them that a certain people of a certain race, national origin or religion are moving into the area, and thus profiting by reselling at a higher price CC&R - covenants, conditions, and restrictions CFPB - The Consumer Financial Protective Bureau - an independent federal agency that holds pr...

Asset held In a land trust - Real Estate Level of government where building codes are enforced - Local Fixtures - items of personal property that are attached or annexed to real property Fair Housing Act of 1968 - Prohibited discrimination concerning the sale, rental, and financing of housing based on race. Eliminate discrimination caused by blockbusting, steering, and redlining. Steering - Channeling prospective buyers or tenants to particular neighborhoods based upon their race, religion...

Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. Fcebook Live - CORRECT ANSWER Video streaming through facebook. CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages,...

20-HR SAFE Comprehensive Mortgage Loan Originator Fundamentals HW Exam Questions With Verified Answers Mortgage loan originators who make cold calls must comply with the requirements of the National Do-Not-Call rules. The loan originator needs to update any download of the registry at least every: 31 days 18 Months 7 days Year - answer31 Days The appraisal approach that is used as the best indicator of value for existing properties is: Similar property approach Fair market value appr...

Which law regulates the activities of consumer reporting agencies and users of consumer credit reports? - FCRA Which agency manages the National Do Not Call Registry? - Federal Trade Commission Which act led to the Nationwide Mortgage Licensing System and Registry for the residential mortgage industry? - The SAFE Act Under ECOA, providing different terms of financing for a potential borrower who has poor credit scores due to a recent bankruptcy is considered? - Acceptable Which law s...

GAAP - Uses the term "Other Comprehensive Income" of other equity transactions IFRS - Uses the term "Reserve" for other equity transactions GAAP - Common Stock IFRS - Share-Capital - ordinary GAAP - Additional Paid-In Capital IFRS - Share Premium GAAP - Statement of Stockholders' Equity IFRS - Statement of Changes in Equity GAAP - Preferred Stock IFRS - Preference Shares GAAP - Accounting for retirement of treasury share retirements: 1. Charge the excess of the cost of treasury s...

The SEC Securities & Exchange Commission requires public companies to do the following: a. File audited financial statements with SEC b. Change CEOs on a regular basis e. Regulates the Money Supply d. Prohibits foreign bribery a What does the Sarbanes-Oxley Act require companies to do? a. Have a board of directors b. Register all foreign sales c. Make estimated tax payments d. Have internal control audits d If a company produces and sells a product only in the U.S., what international developmen...

Mortgage loan originators who make cold calls must comply with the requirements of the National Do-Not-Call rules. The loan originator needs to update any download of the registry at least every: 31 days 18 Months 7 days Year 31 Days The appraisal approach that is used as the best indicator of value for existing properties is: Similar property approach Fair market value approach Market data approach Neighborhood value approach Market data approach The Truth in Lending...

A common set of accounting standards and procedures used in the preparation of financial statements to ensure consistency of presentation and reported results. - Generally Accepted Accounting Principles (GAAP) The accounting principles and practices that are prescribed or permitted by an insurer's domiciliary state and that insurers must follow. - Statutory Accounting Principles (SAP) The valuation of an asset based on financial models instead of market price. - Mark-to-model The value of...

NMLS Final Exam Questions With Answers Latest Updated 2023-2024 | 100% Verified. TILA disclosure must be given to the applicant within how many days after receiving the signed loan application for a reverse mortgage - ANSWER 3 business days Truth in lending disclosure must be delivered within how many business days prior to closing a reverse mortgage - ANSWER 7 days The APR must be finalized at least how many days before closing? - ANSWER 3 days A company with which a consumer has an establ...