Mortgage agent Study guides, Class notes & Summaries
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Colibri School Exam NJ 2023(updated)question and answers rated A+
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Colibri School Exam NJ 2023(updated)question and answers rated A+In a real estate transaction the principal would BEST be described as the - correct answer Person represented by an agent 
 
Bert is showing his buyer a home in a historic district. The buyer mentions in passing that she would like to place solar panels on the roof. Beet knows that the homeowners association CC&Rs would prohibit this to protect the historic character of the neighborhood, but he doesn't tell the buyer for fear she'l...
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Florida Real Estate Exam TEST Questions WITH 100% Correct Answers LATEST UPDATE 2023/2024
- Exam (elaborations) • 51 pages • 2023 Popular
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Florida Real Estate Exam TEST 
Questions WITH 100% Correct 
Answers LATEST UPDATE 
2023/2024 
Binder deposit shows up as what on closing statement? - ANSWER Credit to buyer 
Which of the following is true about leverage? - ANSWER Leverage is the use of 
borrowed funds to purchase assets. 
Which of the following liens would take priority? - ANSWER A property tax lien 
In which of the following theories of mortgage lending does the borrower not retain 
ownership of the property during the loan ...
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024
- Exam (elaborations) • 38 pages • 2023
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is 
called ️ a contract 
Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting 
other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
When a sewer line is installed down a rural road, the cost will probabl...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. 
The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilatera...
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RECA Fundamentals Exam Questions and Answers Already Passed
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Provincial Legislature 
Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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Colibri Real Estate (Real Estate Express) Final Exam Review 2023-2024 (UPDATED) Fully Solved Assured A+.
- Exam (elaborations) • 68 pages • 2023
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Colibri Real Estate (Real Estate Express) Final Exam Review (UPDATED) Fully Solved Assured A+. 
Broker Jane has been accused of a law violation regarding commissions. Which of the 
following might result in her being found guilty? 
A) Jane paid a commission to her licensed personal assistant. 
B) Jane paid a commission to the wife of one of her licensees who was recently killed in an 
auto accident. The deceased licensee had earned the commission prior to his death. 
C) Jane paid a commission p...
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NC Life Insurance Exam Prep Questions and Answers Already Passed
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NC Life Insurance Exam Prep Questions and Answers Already Passed 
An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide 
All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents 
What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled 
An agent who signs a blank contract application or policy of insu...
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Mortgage Agent FinalMortgage Agent Fina Exam Sample Questions With Correct Answers (100% Correct 2023/2024)
- Exam (elaborations) • 48 pages • 2023
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Mortgage Agent Final Exam Sample Questions With Correct Answers (100% Correct 2023/2024). Home Buyer's Program (HBP) - ANSWER The Canada Revenue Agency (CRA) has 
a program entitled the Home Buyer's Program (HBP) that allows a first time buyer 
to use up to $25,000 of their RRSPs as a down payment without paying tax on the 
withdrawal. The amount removed must be repaid within 15 years. CRA defines a 
first time buyer as an individual or the individual's spouse, or common-law 
partner who has ...
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Mortgage Agent Final Exam Questions With Correct Answers Updated 2023/2024.
- Exam (elaborations) • 48 pages • 2023
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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...
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Mortgage Agent Final Exam prep 2023 Graded A+
- Exam (elaborations) • 14 pages • 2023
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Mortgage Agent Final Exam prep 2023 Graded A+
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Mortgage Agent Final Exam Prep Questions with Answers 2023/2024 (Graded A+)
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Mortgage Agent Final Exam Prep Questions with Answers 2023/2024 (Graded A+). What is a Certificate of Independent Legal Advice and under what circumstances 
would it be required? - ANSWER This document proves that an individual has 
been given advice by his or her lawyer with regards to the proposed mortgage. It is 
usually required when the proceeds of a refinance are being provided to a third 
party and not the Borrower or if the loan is a reverse mortgage. 
On a T4A slip in Box 61 what inform...
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