45 Hour Post License Final Exam {QUESTIONS WITH ALL ANSWERS 100% CORRECT} (2024 / 2025) (Verified by Experts)

If an appraisal falls short of the needed value to close the deal, one of four outcomes would result. Which one of the following is NOT one of those 4? - CORRECT ANSWER The seller would raise the selling price in order to make up for the shortfall. Which of the following steps would not be common to complete a mail away closing? - CORRECT ANSWER the agent would sign on the absent persons behalf Your buyers' lender tells you that your buyer will qualify for a loan up to $359,000. The lender advised you that this was based on the house not located in a flood zone and no more than $150 a month in HOA fees. The buyer was searching online and found a house located in a popular neighborhood. When you pull the listing information you discover that the house is only $336,000 but is in a Flood Zone "A" and HOA fees are $300 a month. Which is the best course of action to take? - CORRECT ANSWER Contact the buyer's lender to review the information about the property and schedule a showing to coincide immediately after the expected response time from the lender.