Smiths Guides d'étude, Notes de cours & Résumés

Comprehensive Module 1: Final Exam Questions & Answers-Comprehensive Module 1: Final Exam Questions & Answers-1. Bob uses the cash method of accounting. During the tax year (calendar year), he had the following income and expenses: • Interest on a savings account (credited to his account on January 2 of next year) $ 68 • Dividend received from Virginia Credit Union $814 • Interest received on a 5-year certificate of deposit (left in CD account to compound) • Penalty on the early withdraw...

NMLS EXAM PREP QUESTIONS WITH CORRECT ANSWERS On what page of the Closing Disclosure would the consumer find information about the cash needed to close, in comparison to information on the Loan Estimate? - Answer-Page 3 This is calculated by dividing PITI by the borrower's monthly gross income: - Answer-Housing expense ratio You have taken a loan application from a customer with an excellent credit score. When should you advise him/her about the status of the application? - Answer-Wit...

HUD Exam - Housing Affordability Questions and Answers 100% Correct HUD Exam - Housing Affordability Questions and Answers 100% Correct HUD Exam - Housing Affordability Questions and Answers 100% Correct All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. C. Cl...

A real estate licensee has a buyer agency agreement. What is the seller in this situation? - A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? - He must exercise his option under the terms of the option contract. When can a landlord evict a disabled blind or disabled tenant from the premises? - If the tenant has loud parties, makes too much noise, and is constantly d...

All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a lease for a rental is typically between 20% of the monthly rent.. C. Closing costs are typically comprised of lender fees, discount points, title insurance, home inspection fees, escrow deposit, property taxes, private mortgage insurance, and attorney's fees. D. A client who desires...

The therapeutic alliance is thought to consist of all but the following: a. tasks b. bonds c. shared culture d. goals correct answer: c. shared culture The therapeutic alliance is especially critical during which stage of therapy a. beginning b. middle c. end d. equally important throughout correct answer: a. beginning Which is the correct order of the levels of the therapeutic pyramid, starting from the top (peak) to ending at the bottom (base)?: a. Way of Being, Alliance, Te...

Sue the broker - Answer- Sales associate, Tim, received a signed contract from a buyer and ailed it to the seller. The seller agreed to the terms and the escrow deposit was deposited safely in the brokers escrow account. Tim has a disagreement with his broker and quits. The broker refuses to pau a commission since tim was not in his employ when the contact was actually received and signed. What should tim to? The one who engages the broker in a single agency relationship - Answer- Who is the ...

Real Estate Final Exam Questions With Complete Solutions Latest 2024 (GRADED) A real estate licensee has a buyer agency agreement. What is the seller in this situation? A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? He must exercise his option under the terms of the option contract. When can a landlord evict a disabled blind or disabled tenant from the premises? If...

Real Estate Final Exam (150 Questions ) #1 Exam Questions And Answers A real estate licensee has a buyer agency agreement. What is the seller in this situation? - ANS A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? - ANS He must exercise his option under the terms of the option contract. When can a landlord evict a disabled blind or disabled tenant from the...

Broker Test - AZ REAL ESTATE/ Exam Review Questions and answers/ What is the document prepared by an attorney that states the attorney's opinion of the status of the title? A. Abstract of Title B. Certification of title C. Opinion of Title D. Title Report - -Certificate of Title A preliminary title report would tell you all of the following except: Tax liens Easements Judgments requiring resolution Zoning - -zoning The word "tenancy" describes: - -a mode of holding Sue decides t...