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13問 • 1年前
  • ユーザ名非公開
    • 通報

    問題一覧

  • 1

    Your client asks you at what stage in their property ownership life cycle they’ll be impacted by income tax issues. You tell them that it’s likely that they’ll be affected at ______.

    Acquisition, ownership, and reversion

  • 2

    Juan purchased a property for $420,000 and financed $336,000 of it. The assessed value of the property is $387,000. The property appraisal came in at $432,000. Which of these amounts is used in calculating the property tax?

    $387,000

  • 3

    Corinne, an escrow agent, is preparing for the Thomas/Trenton closing in four days. Which of these documents will Corinne prepare?

    Working with the lender, she'll prepare the settlement statement, which details the costs the buyer and seller will have at closing.

  • 4

    Your buyer plans to shop around for their mortgage loan to be sure they're getting the best interest rate and terms. What lender-provided document outlines loan rates and fees so they can make comparisons?

    The Loan Estimate provided by the lender permits the buyer to comparison shop.

  • 5

    Christina purchased a house from Thomas. When did she officially gain ownership of the property?

    With the transfer of deed from the seller to the buyer

  • 6

    Jerrica is set to close on the property she’s buying on Friday. Because of other delays in the closing date, Jerrica’s interest rate as of the day of closing will increase by 1/4 of a percent. What impact does this have on the closing?

    A new Closing Disclosure must be issued at least three days before the closing date.

  • 7

    What’s the relationship between TILA, RESPA, and TRID?

    The Dodd-Frank Act requires that lenders use the TILA-RESPA Integrated Disclosures (TRID).

  • 8

    Tracy is looking in the MLS and sees a listing marked "REO." Which of these statements regarding REOs is correct?

    Banks acquire REOs through failed foreclosure sales or deed in lieu of foreclosure actions.

  • 9

    Which statement most accurately describes the type of notice provided by recording a change of ownership document

    Recording the deed provides constructive notice of the property sale.

  • 10

    On a closing statement, ______ goes in the seller’s credit column and the buyer’s debit column.

    Prepaids

  • 11

    Lynette purchased a property under a bargain and sale deed. Which statement best describes the covenants Lynette's deed provides?

    A bargain and sale deed may come with or without covenants of warranty.

  • 12

    Melisa's mother gave her house to Melisa, along with a signed copy of the deed granting ownership to Melisa. Years later, Melisa decides to downsize by selling the property. The title company shows that the property is still in Melisa's mother's name. What does Melisa have to do to clear this up?

    Record the signed deed.

  • 13

    Which of these statements about a deed's habendum clause is true?

    It's a description of the act of conveyance.

    • real estate PRACTICE

    real estate PRACTICE

    ユーザ名非公開 · 13問 · 2年前

    real estate PRACTICE

    real estate PRACTICE

    13問 • 2年前
    ユーザ名非公開

    PRACTICE 2

    PRACTICE 2

    ユーザ名非公開 · 13問 · 2年前

    PRACTICE 2

    PRACTICE 2

    13問 • 2年前
    ユーザ名非公開

    Wrong answers

    Wrong answers

    ユーザ名非公開 · 24問 · 2年前

    Wrong answers

    Wrong answers

    24問 • 2年前
    ユーザ名非公開

    wrong part 2

    wrong part 2

    ユーザ名非公開 · 20問 · 2年前

    wrong part 2

    wrong part 2

    20問 • 2年前
    ユーザ名非公開

    COVER ANSWERS

    COVER ANSWERS

    ユーザ名非公開 · 20問 · 2年前

    COVER ANSWERS

    COVER ANSWERS

    20問 • 2年前
    ユーザ名非公開

    cover answers

    cover answers

    ユーザ名非公開 · 25問 · 2年前

    cover answers

    cover answers

    25問 • 2年前
    ユーザ名非公開

    wrong again

    wrong again

    ユーザ名非公開 · 16問 · 1年前

    wrong again

    wrong again

    16問 • 1年前
    ユーザ名非公開

    here we go again😜

    here we go again😜

    ユーザ名非公開 · 25問 · 1年前

    here we go again😜

    here we go again😜

    25問 • 1年前
    ユーザ名非公開

    anotha one

    anotha one

    ユーザ名非公開 · 29問 · 1年前

    anotha one

    anotha one

    29問 • 1年前
    ユーザ名非公開

    it’s corn

    it’s corn

    ユーザ名非公開 · 27問 · 1年前

    it’s corn

    it’s corn

    27問 • 1年前
    ユーザ名非公開

    man oh man 👨

    man oh man 👨

    ユーザ名非公開 · 29問 · 1年前

    man oh man 👨

    man oh man 👨

    29問 • 1年前
    ユーザ名非公開

    👨‍❤️‍💋‍👨

    👨‍❤️‍💋‍👨

    ユーザ名非公開 · 28問 · 1年前

    👨‍❤️‍💋‍👨

    👨‍❤️‍💋‍👨

    28問 • 1年前
    ユーザ名非公開

    ☺️

    ☺️

    ユーザ名非公開 · 34問 · 1年前

    ☺️

    ☺️

    34問 • 1年前
    ユーザ名非公開

    🥹

    🥹

    ユーザ名非公開 · 29問 · 1年前

    🥹

    🥹

    29問 • 1年前
    ユーザ名非公開

    NATIONAL PRACTICE 1

    NATIONAL PRACTICE 1

    ユーザ名非公開 · 16問 · 1年前

    NATIONAL PRACTICE 1

    NATIONAL PRACTICE 1

    16問 • 1年前
    ユーザ名非公開

    NATIONAL PRACTICE 2

    NATIONAL PRACTICE 2

    ユーザ名非公開 · 22問 · 1年前

    NATIONAL PRACTICE 2

    NATIONAL PRACTICE 2

    22問 • 1年前
    ユーザ名非公開

    NATIONAL PRACTICE EXAM 3

    NATIONAL PRACTICE EXAM 3

    ユーザ名非公開 · 24問 · 1年前

    NATIONAL PRACTICE EXAM 3

    NATIONAL PRACTICE EXAM 3

    24問 • 1年前
    ユーザ名非公開

    STATE PRACTICE EXAM

    STATE PRACTICE EXAM

    ユーザ名非公開 · 13問 · 1年前

    STATE PRACTICE EXAM

    STATE PRACTICE EXAM

    13問 • 1年前
    ユーザ名非公開

    State practice exam 2

    State practice exam 2

    ユーザ名非公開 · 13問 · 1年前

    State practice exam 2

    State practice exam 2

    13問 • 1年前
    ユーザ名非公開

    national

    national

    ユーザ名非公開 · 22問 · 1年前

    national

    national

    22問 • 1年前
    ユーザ名非公開

    問題一覧

  • 1

    Your client asks you at what stage in their property ownership life cycle they’ll be impacted by income tax issues. You tell them that it’s likely that they’ll be affected at ______.

    Acquisition, ownership, and reversion

  • 2

    Juan purchased a property for $420,000 and financed $336,000 of it. The assessed value of the property is $387,000. The property appraisal came in at $432,000. Which of these amounts is used in calculating the property tax?

    $387,000

  • 3

    Corinne, an escrow agent, is preparing for the Thomas/Trenton closing in four days. Which of these documents will Corinne prepare?

    Working with the lender, she'll prepare the settlement statement, which details the costs the buyer and seller will have at closing.

  • 4

    Your buyer plans to shop around for their mortgage loan to be sure they're getting the best interest rate and terms. What lender-provided document outlines loan rates and fees so they can make comparisons?

    The Loan Estimate provided by the lender permits the buyer to comparison shop.

  • 5

    Christina purchased a house from Thomas. When did she officially gain ownership of the property?

    With the transfer of deed from the seller to the buyer

  • 6

    Jerrica is set to close on the property she’s buying on Friday. Because of other delays in the closing date, Jerrica’s interest rate as of the day of closing will increase by 1/4 of a percent. What impact does this have on the closing?

    A new Closing Disclosure must be issued at least three days before the closing date.

  • 7

    What’s the relationship between TILA, RESPA, and TRID?

    The Dodd-Frank Act requires that lenders use the TILA-RESPA Integrated Disclosures (TRID).

  • 8

    Tracy is looking in the MLS and sees a listing marked "REO." Which of these statements regarding REOs is correct?

    Banks acquire REOs through failed foreclosure sales or deed in lieu of foreclosure actions.

  • 9

    Which statement most accurately describes the type of notice provided by recording a change of ownership document

    Recording the deed provides constructive notice of the property sale.

  • 10

    On a closing statement, ______ goes in the seller’s credit column and the buyer’s debit column.

    Prepaids

  • 11

    Lynette purchased a property under a bargain and sale deed. Which statement best describes the covenants Lynette's deed provides?

    A bargain and sale deed may come with or without covenants of warranty.

  • 12

    Melisa's mother gave her house to Melisa, along with a signed copy of the deed granting ownership to Melisa. Years later, Melisa decides to downsize by selling the property. The title company shows that the property is still in Melisa's mother's name. What does Melisa have to do to clear this up?

    Record the signed deed.

  • 13

    Which of these statements about a deed's habendum clause is true?

    It's a description of the act of conveyance.