Mortgage Broker

This class was created by Brainscape user Arvind Reddy. Visit their profile to learn more about the creator.

Decks in this class (23)

MB Preface
The ownership of real estate may ...,
___________ is responsible for th...,
When considering durability of st...
9  cards
Chapter 1 - Fundamentals Of Law
Small claims disputes for _______...,
The prescribed period of time in ...,
Literally meaning let the former ...
28  cards
Chapter 2 - Mortgage Brokers Act & Professional Ethics
Performing multiple roles in the ...,
The duty of professional courtesy...,
True or false only individuals ma...
63  cards
Chapter 3 - Estates And Interest In Land
A ________ ________ refers to a g...,
Which of the following is false r...,
The right to have ones ground sup...
46  cards
Chapter 4 Title Registration / Strata
What is a builders lien,
What is the assurance fund,
What is caveat
55  cards
Chapter 5 Professional Liability Of Mortgage Brokers
What statute in bc imposes liabil...,
Conducting a series of property f...,
Name two types of mortgage fraud ...
94  cards
Chapter 6 The Law Of Contract
Describe what happens in a counte...,
_________ _________ is a legal te...,
What is an invitation to treat
66  cards
Chapter 7 - Intro To Mortgage Law
How does providing a lender with ...,
True or false an equitable mortga...,
A foreclosure is what type of action
120  cards
Chapter 8 - Financial Statements
What is capital cost allowance cc...,
What is a balance sheet,
A generally accepted accounting p...
28  cards
Chapter 9 - Intro To Mortgage Finance
Define diversification,
What is a balloon payment,
Incurring an obligation to repay ...
21  cards
Chapter 10 - Interest Rates And Mortgages
When comparing interest rates to ...,
Define the nominal interest rates,
What is an outstanding balance
14  cards
Chapter 11 - Mortgage Analysis In Real Estate Practice
A closed mortgage is a mortgage w...,
Define the cost of funds advanced...,
In a mortgage loan what portion c...
12  cards
Chapter 12 - Mortgage Underwriting And Borrower Qualification
Lending value is,
Define mortgage loan default insu...,
What is the purpose of a safety m...
15  cards
Chapter 13 - Management Of Individual Loans
When a borrower does not make any...,
Define prepayment penalties,
The period in time between the da...
12  cards
Chapter 14 - Mortgage Loan Repayment And Refinancing Options
In a reverse annuity mortgage the...,
True or false in graduated paymen...,
True or false if a variable rate ...
43  cards
Chapter 15 - Intro To Real Estate Appraisal
Highest and best use is defined a...,
Appraisers are typically called u...,
Define cost approach
61  cards
Chapter 16 - Direct Comparative And Cost Approaches Of Appraisal
What is the objection to using re...,
In appraisal two properties are s...,
True or false corner lots have gr...
40  cards
Chapter 17- The Income Or Investment Approach Of Appraisal
Gross realized revenue is calcula...,
Define gross potential rent,
To be effective digital signature...
22  cards
Chapter 18 - Intro To Marketing And Technology
True or false for important trans...,
Define niche marketing,
Misleading advertising or similar...
35  cards
Chapter 19 - Effective Negotiations And Alternative Dispute Resolution
The _________ ________ is the psy...,
The negotiation tactic whereby a ...,
What are the two most common type...
31  cards
Chapter 20 - From Contract To Completion
A ________ s statement of adjustm...,
The date on which the purchaser s...,
A ________ s statement of adjustm...
21  cards
Chapter 21 Mortgage Brokering: Blending Theory And Practice
At what point is the mortgage app...,
________________ is the sensitivi...,
True or false a failure to disclo...
10  cards
Miscellaneous
Annuitywhen receiving funds in an...,
Calculating interest only payments,
Converting nominal rate to period...
19  cards

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Mortgage Broker

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