The CE shop Bundled Exams with Complete Solution | Verified Answers | 2024

which of the following is the price a lender believes the property will bring at a foreclosure sale? - mortgage value Burt terminated his exclusive right-to-sell listing agreement with Scott, his listing broker. Burt may legally do this as long as he's ________ - willing to pay Scott's commissi...

Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 states that its purpose, in part, is to require that real estate appraisals used in connection with federally related transactions be performed ______. By licensed real estate professionals By members of the App...

With this type of loan, personal property is included with the real property in the sale. It's commonly seen in commercial real estate, but you may also see this in the sale of furnished condominiums. - Package mortgage Which product's fibers are dangerous when inhaled because they can lodge in...

What is a general lien? A claim against a person and all of that person's property A claim against a specific piece of property A type of mortgage lien A type of tax lien - A claim against a person and all of that person's property Which of the following discriminatory practice does the Home ...

Blaire apparently hasn't learned her lesson. She paid a $5,000 penalty when MREC found her guilty of misrepresentation, a $10,000 penalty when she was found guilty of placing a for sale sign in someone's yard without permission, and now she's committed three more violations by placing a series ...

An appraiser will identify the general and specific data needed for an appraisal. What will determine the type of additional data needed? - The type of property Which of the following is a true statement regarding new construction properties? - Both home inspections and title insurance are recomm...

Stacey, a buyer, is working with licensee Rebecca in a state that doesn't recognize or permit implied agency. Rebecca doesn't represent Stacey, however, and is performing only ministerial tasks for her. Which of these statements about this situation is correct? A. Stacey is Rebecca's client. ...

Transfer fees can be assessed on real property sales at a rate of - $1.85 per $500 of the sales price and are typically paid by the seller. All advertisements must include - the full name of the licensee's real estate brokerage firm. If a licensee is part of a team, the team name needs to be inc...

What's the acronym for the legislation that established processes and procedures for how federal agencies propose and enforce regulations? - APA APA - Administrative Procedure Act Which entities usually acts in the secondary market? - Fannie Mae what resource will give you reports and statistic...

Define Broker - Any person, partnership, association, or corporation who, for another, and for compensation of any kind, negotiates any form of real estate transaction. Responsibilities of a Broker - Supervision of and responsibility for activities of associate brokers and salespersons who work f...

Should licensees be careful when interacting with opposing parties with limited service agents and why? - Yes, it will create an unintended dual-agency. In VA, the floodplain consists of a flood way and a - Flood Fringe How long does a licensee have to provide an owners association request to a c...