Closing promise Study guides, Class notes & Summaries

Copyright © 2022 WILEY Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 5-1-1 Complete Solution Manual and Instructor Resource for Intermediate Accounting, 18th Edition 18th Edition, by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield. ISBN- Chapter 1 Financial Accounting and Accounting Standards Assignment Classification Table (By Topic) Topics Questions Brief Exercises Exercises Critical Thinking 1. Environment of accounting, principles, objectives, sta...

Nevada National Real Estate Exam 100% Correct Amortized Loans Constant payment including principle and interest until paid off Conventional Loan No government back; private Gross Lease Fixed amount- Residential rental Net Lease Fixed plus maintenance; Triple Net = tax & insurance also Percentage Lease Fixed + % of profits ;; mall, retail spaces Ground Lease Long term land lease-- 99+ yr lead;; to build Leaseback Seller leases back after closing; model homes Assign/subl...

NMLS Final Exam Questions with Correct Answers Who is responsible for ensuring that the Closing Disclosure is delivered to the consumer? A.The creditor B.The loan processor C.The consumer D. The CFPB - Answer-A. the creditor Which law restricts the sharing of information given when a consumer applies for a mortgage loan? A. Fair Credit Reporting Act B. FTC Disposal Rules C. Gramm-Leach-Bliley Act D. Consumer Regulatory Protection Act - Answer-C. Gramm-Leach-Bliley Act Whi...

AREC Final Exam QUESTIONS AND ANSWER 2024/2025 FULLY SOLVED 100% When preparing the sales contract, when is it acceptable for a licensee who is not an attorney to offer legal advice to the client? Never A set of guidelines for the ethical conduct of real estate licensees is called a Code of ethics Which of the following is the best definition of a covenant between a lessor and lessee? An agreement or promise made between the parties Which party's closing costs might include mortgage insu...

Seller A entered into an option contract with Buyer B. The contract allowed for a price of $200,000 which Seller A honor for a 12 month period exclusively for Buyer B. This would be an example of a - a unilateral contract in which only seller B has made a promise to perform. The purchased price for a new home was $230,000. The buyer put down 20%, and the balance was a mortgage for 80%of the purchase price. The appraised value at the time of closing was $220,000. What will the buyer pay for one ...

Which of the following is an example of a Bilateral contract? - A Promise in exchange for a promise - Purchase Contract. Unilateral Contracts - Listing Agreement, Buyer's Rep, Option Contract Who is responsible for filling in the effective date, who, when & what? - Broker. Between the buyer and the seller, The date on which the communication was made. The date of initialing and signing of the parties. The last party to initial/Sign fills in the day. Broker. Last party to accept must commun...

If a buyer decides to terminate a contract, the seller must agree to the termination. A) True B) False - correct answer B) False Which of the following, with written, consent, may act as an Intermediary? A) The Broker representing the seller and buyer B) The Broker cooperating with the listing broker C) The salesman working with the seller and buyer D) The salesman sponsored by a broker representing the seller - correct answer A) The Broker representing the seller and buyer A...

adverse possession - the transfer of title when a person develops legitimate ownership interests in another person's property through an openly hostile and continuous occupation of the land -when a property owner "sleeps on his rights" 2 closing processes - 1. the closing of the loan between the buyer and the lender 2. the closing on the property (execution of the sales contract) abstract of title - complete history of all recorded events affecting title to the property acceleration cla...

Promulgated Contract Forms Exam Questions and Answers (100% Verified). If a buyer decides to terminate a contract, the seller must agree to the termination. A) True B) False - Answer- B) False Which of the following, with written, consent, may act as an Intermediary? A) The Broker representing the seller and buyer B) The Broker cooperating with the listing broker C) The salesman working with the seller and buyer D) The salesman sponsored by a broker representing the seller - Answer- A) T...

Seller A entered into an option contract with Buyer B. The contract allowed for a price of $200,000 which Seller A honor for a 12 month period exclusively for Buyer B. This would be an example of a - a unilateral contract in which only seller A has made a promise to perform. The purchased price for a new home was $230,000. The buyer put down 20%, and the balance was a mortgage for 80%of the purchase price. The appraised value at the time of closing was $220,000. What will the buyer pay for one ...