Crv Study guides, Class notes & Summaries

National PSI EXAM PRACTICE TEST Answered 100% Correctly| Latest 2024 Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media A. In-house notes for showing are not seen by consumers an so do not have to follow state or federal laws. A couple accompanies a property inspector during an inspection of a house on which they have a contract. The inspector points to ...

A table that shows the number of data observations that fall into specific intervals - AnswerFrequency distribution Data assigned to categories with no mathematical comparisons between observations - AnswerNominal data All the properties of nominal data with the additional capability of arranging the observations in order - Answer-Ordinal data All the properties of ordinal data with the additional capability of calculating meaningful differences between the observations - Answer-Interval da...

Hawaii Real Estate Review Quiz 1 Complete Guide The ownership of a condo unit differs from that of an ownership in a co-op apt project in which of the following ways A) You can be deeded fee simple title on a condo unit B) THe owner of a co-op apt projects owns an undivided interst in the entire project C) Condo's are subject to subdivision laws D) They are identical ️A) You can be deeded fee simple title on a condo unit A licensed broker can establish his main office in which o...

AARMR stands for - American Association of Residential Mortgage Regulations AML - Anti-Money Laundering Blockbusting - Illegal practice of inducing homeowners to sell their properties cheaply by telling them that a certain people of a certain race, national origin or religion are moving into the area, and thus profiting by reselling at a higher price CC&R - covenants, conditions, and restrictions CFPB - The Consumer Financial Protective Bureau - an independent federal agency that holds pr...

Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media - correct answer A. In-house notes for showing are not seen by consumers an so do not have to follow state or federal laws. A couple accompanies a property inspector during an inspection of a house on which they have a contract. The inspector points to a six-inch crack at the corner of a dining room window. ...

Superior NC Real Estate Important Final Exam QUESTIONS & Revised CORRECT ANSWERS <UPDATED&ALREADYPASSED> RESPA - ANSWER : -Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) - ANSWER : C. the trustor(s) The trustor is the borrow...

CEFP REVIEW QUESTIONS AND ANSWERS 2024 building value ️️The method for calculating maintenance funding for new facilities through the application of reinvestment rate funding involves dollars as a percentage of: DM divided by CRV ️️The board of trustees has asked for a report on the facility renewal backlog. The facilities professional has chosen to use the Facilities Condition Index (FCI) to organize the list of buildings. How is FCI calculated? Collecting and transporting wa...

Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media correct answer: A. In-house notes for showing are not seen by consumers an so do not have to follow state or federal laws. A couple accompanies a property inspector during an inspection of a house on which they have a contract. The inspector points to a six-inch crack at the corner of a dining room window. ...

Fraud for money Laundering -Criminal uses scheme known as value tampering -Criminal offers to buy house at reduced rate -Seller must sell at appraised value on paper, but after closing, seller give the criminal the difference in cash. Adverse Action An unfavorable credit decision rendered against a consumer made on the basis of information contained on the credit application. If a lender takes adverse action against an applicant, the lender must notify the applicant in writing. If the adv...

Superior NC Real Estate Important Final Exam Questions and Answers RESPA -Answer--Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) -Answer-C. the trustor(s) The trustor is the borrower in a lending situation using a trust deed. The borrower...