Chattel mortgage Study guides, Class notes & Summaries

Mortgage Agent Final Exam Questions With Correct Answers Updated 2023/2024. Home Buyer's Tax Credit (HBTC) - ANSWER For 2011 and subsequent years, the federal government provides a non-refundable tax credit, based on an amount of $5,000, for certain home buyers that acquire a qualifying home. The HBTC is calculated by multiplying the lowest personal income tax rate for the year by $5,000. The current maximum credit is $750. More information can be found on the Canada Revenue Agency (CRA) w...

According to fair housing, which of these is not a protected class? A. muslim B. arab C. homosexual D. single mother - Answer- C. homosexual The front door key to a house is: A. chattel B. fixture C. improvement D. trade fixture - Answer- B. fixture The phrase "bundle of legal rights" is properly included in: A. the definition of real property B. a legal description C. real estate transactions D. leases for less than one year - Answer- A. the definition of real property...

Real estate has been estimated to represent approximately - ANSWER-one-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-based economy. - ANSWER-primary Texas is a: a. Lien Theory b. Title Theory - ANSWER-a. Lien Theory Lien Theory - ANSWER-In lien theory states such as Texas, the security for a mortgage is a lie...

NYS Notary Exam with 100% Correct Answers 2023 Who are notaries public commissioned by? - Correct answer-The Secretary of State To whom is an application submitted to become a notary public? - Correct answer-The Division of Licensing Services. How much is an application to become a notary public? - Correct answer-$60. What is included in the application to become a notary public? - Correct answer-An oath of office, duly executed before any person authorized to administer an oath, together...

Additions to the land (ie houses) that are artificially attached (personal) Economic characteristic of land Chapter 1 Indestructibility -Answer-Land is non destroyable. It can be altered but its geographic coordinates remain the same. (physical characteristic of land) Chapter 1 Non-homogeneity -Answer-Land: No two pieces are exactly alike. Another word for it is uniqueness. This can either be a good or bad thing in regards to selling a property. (physical characteristic of land) Chapter...

Notary Final Exam - Questions and Answers Acknowledgment a declaration that is made before an official (example: notary public) that under the person's free act and deed he did execute the instrument Administrator One of an estate is appointed by the court (usually Surrogate's or supreme court) which empowers him to manage the affairs of the decedent (dead person). The court appoints an administrator where a person dies without leaving a will, or leaves a will without naming an executor Affi...

NYS Notary Multiple Choice Test Answered 100% Correctly (Complete, 2024) NYS Notary Multiple Choice Test Answered 100% Correctly (Complete, 2024) A Notary who refrains from performing a duty, which is imposed by law or inherent in the nature of his/her office, may be guilty of? a. A felony b. Criminal Contempt c. A Tort d. A Misdemeanor d. A Misdemeanor A copy of a public record signed and certified as true copy by the public official having custody of the original is known a(n): ...

Real Estate Finance AYPO Exam verified Questions And Answers with complete solutions Real estate has been estimated to represent approximately - answerone-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-based economy. - answerprimary Texas is a: a. Lien Theory b. Title Theory - answera. Lien Theory Lien Theory - ...

Real Estate and Business Brokers Act (REBBA) - Answer-- regulates real estate trading - Ministry of Government & Consumer Services is responsible for it - RECO enforces it - provides a framework for the regulation of the profession to protect consumers & ensure integrity of interactions is upheld REBBA Code of Ethics - Answer-- objective is to protect sellers & buyers by outlining standards to be upheld during all real estate activities - Fairness & Honesty - Conscientious & Competent Se...

Module 1: Hawaii Pre-Licensing Real Estate Class Questions and Answers 100% Pass In real estate, the term improvements most nearly means: A) Fences, wells, drains and roadways. B) Additions to the original structure. C) Everything artificial or constructed except the land. D) Upgrades to the interior. - Correct Answer ️️ -C) Everything artificial or constructed except the land. All real estate except land. Includes buildings, fixtures, fences, curbs, sewers, etc. A riparian owner is...