Sw money Study guides, Class notes & Summaries

If the percentage of renters in a community exceeds 50%, many lenders require that the homeowners' association reserves be what percentage of HOA budgeted income? - Correct Answer ️️ -20% After a deed of trust foreclosure sale, which of the following is TRUE? - Correct Answer ️️ -A trustee's deed is given to the new owner After a mortgage foreclosure, if the sale amount was insufficient to cover the debt, the lender may ask for a(n)... - Correct Answer ️️ -deficiency judgment...

California Real Estate Exam Prep Questions and Answers 100% Pass What type of entry door is required between the garage and entrance to the house? Fire door; Self-closing. A buyer purchases a house for $300,000 and applies for a $250,000 loan. The buyer is asked to pay one discount point. How much money will the buyer have to pay? $2,500; a discount point is 1% of the loan amt An offer or counteroffer could be expressed in all of the following; except: Text Email Telex Fax A Telex; it would...

Under what condition can confidential info be released? - The party gives consent to the disclosure in writing. The seller makes a counteroffer. The Buyer accepts and decides to reply using "snail mail". When is a valid purchase contract created using the post office? - When the offeree puts the acceptance in the mail. Title insurance is always paid... - By the buyer. The revolving fund is under the management of? - The Oklahoma Real Estate Commission (OREC) When a form of real estate s...

ASREB Test with 100% Correct Solutions A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - Correct Answer ️️ -Equity A broker, acting as a property manager, would be considered what type of agent? - Correct Answer ️️ -General A contract has been signed, but title has not yet been passed. The contract is... - Correct Answer ️️ -Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $6...

ASREB Test Questions and Answers Already Passed A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... Equity A broker, acting as a property manager, would be considered what type of agent? General A contract has been signed, but title has not yet been passed. The contract is... Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If there are 4 points, how much money will be paid out of ...

OK Real Estate Test (PSI Test Questions) with Complete Solutions Under what condition can confidential info be released? The party gives consent to the disclosure in writing. The seller makes a counteroffer. The Buyer accepts and decides to reply using "snail mail". When is a valid purchase contract created using the post office? When the offeree puts the acceptance in the mail. Title insurance is always paid... By the buyer. The revolving fund is under the management of? The...

OK Real Estate Test (PSI Test Questions) Under what condition can confidential info be released? - ANSWER-The party gives consent to the disclosure in writing. The seller makes a counteroffer. The Buyer accepts and decides to reply using "snail mail". When is a valid purchase contract created using the post office? - ANSWER-When the offeree puts the acceptance in the mail. Title insurance is always paid... - ANSWER-By the buyer. The revolving fund is under the management of? - AN...

Under what condition can confidential info be released? - ️️The party gives consent to the disclosure in writing. The seller makes a counteroffer. The Buyer accepts and decides to reply using "snail mail". When is a valid purchase contract created using the post office? - ️️When the offeree puts the acceptance in the mail. Title insurance is always paid... - ️️By the buyer. The revolving fund is under the management of? - ️️The Oklahoma Real Estate Commission (OREC) ...

Updated 2024 California Real Estate Exam Prep Questions and Answers 100% Pass What type of entry door is required between the garage and entrance to the house? - Correct Answer ️️ -Fire door; Self-closing. A buyer purchases a house for $300,000 and applies for a $250,000 loan. The buyer is asked to pay one discount point. How much money will the buyer have to pay? - Correct Answer ️️ -$2,500; a discount point is 1% of the loan amt An offer or counteroffer could be expressed in all...

A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - ANSWER-Equity A broker, acting as a property manager, would be considered what type of agent? - ANSWER-General A contract has been signed, but title has not yet been passed. The contract is... - ANSWER-Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If there are 4 points, how much money will be paid out of the closing for ...