EAB Study guides, Class notes & Summaries

Life Estates - correct answer -level 13 chp 2 The Four Main Types of Estates - correct answer -Freehold Estates Leasehold Estates Equitable Estates Concurrent Estates Freehold Estates - correct answer -Three Types of Freehold Estates Okay, so now you know what a freehold estate is. Let's break it down further into three categories: Fee simple absolute estate Defeasible fee estate (also called qualified fee or fee simple defeasible) Life Estate Fee Simple Estate/Fee Simple Absolu...

Real Estate Settlement Procedures Act (RESPA) - to protect consumers from abusive lending practices. General data - is information about a property's location. This could include the city, region, and neighborhood in which the property is situated. The appraisal report is usually paid by - the buyer Specific data - information regarding the property itself. What types of data do Appraisers use? - BOTH Specific Data and General Data The appraiser that will complete the appraisal r...

EAB 3002 Midterm Exam Questions and Answers 2023.

ACEABLE EXAM QUESTIONS AND ANSWERS

Aceable Principles 1 combined Exam Questions and Answers

What is the money in the Recovery Trust Account used for? A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction B) To pay commission that agents were wrongfully deprived of C) For taxes for the state of Texas D) For TREC to recover the funds to keep their computer systems up to date - correct answer -A) To pay an aggrieved party who has won a judgment against a licensee for damages from a real estate transaction Wesley just bou...

ACEABLE REAL ESTATE FL STUDY GUIDE

What percentage of car accidents involve drunk driving? - 32 percent Who can sign an application for a learner's permit? - an employer or county judge Who has to pass an approved driver education course in order to obtain a driver license? - any individual under the age of 25 Which documents can you bring with you to the DPS office if you don't have a Texas ID? - an original or certified birth certificate, school records, or immunization records Mike's 21-year old cousin will be visitin...

Aceable Real Estate: Georgia Pre-Licensing ALL KEY TERMS DANIEL (QUESTIONS WITH COMPLETE SOLUTIONS) 2024!!

Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers. TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL - correct answer -Formulas to calculate commission? PRINCIPAL - correct answer -What is the term that describes the money that is lent? CASH TO CLOSE - correct answer -Down payment minus earnest money? TOTAL SALES PRICE - correct answer -Loan payment + loan principal? ORIGINATION POINTS - correct answer -Loan points/fees charged 1% to ...