STUDY Flashcards
What would terminate a listing agreement?
Seller filing bankruptcy
To manage properties for general public you must be
Licensed broker
A summary and digest for all transfers, conveyances, legal proceedings , and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record which impair title
Abstract of title
If a homeowner had a complaint regarding ECOA (Equal Credit Opportunity Act) the homeowner would file with
Federal Reserve Board
What does NOT represent a demand source of mortgage money?
FNMA
An appraiser going to appraise a building that is presently occupied by a tenant who will vacate the building in a short period of time. The appriser, in establishing the gross rent for the appraisal, should use
Economic Rent
In filing its corporation income taxes, what is the characteristics of a corporation that files as a subchapter S corporation?
The earnings and losses of the corporation are passed through to the stockholders, who will include them on their personal income tax returns
What would NOT have to be disclosed on a Mortgage Loan Disclosure Statement?
Creditor’s name
In order for an agent to sell a franchise that has been registered with the corporations commissioner, it is necessary to have a license issued by which of the following
Corporations commissioner or real estate commissioner
All of the following can be assigned EXCEPT
A grand deed by grantee
By which means can a person gain title to real property?
Accession
