Study guides, Class notes & Summaries

In order to be enforceable, what does the Statute of Frauds require a real estate contract to be? correct answers a) In writing Which of the following items is something a lender is prohibited from doing if the lender wants to write qualified mortgages? correct answers Payback terms longer than 30 years Janice's life tenant, Jacob, is currently living on her property. Once Jacob dies, Janice has made arrangements that the property will go to the School for the Gifted. What interest does t...

MD Real Estate Exam CE Shop Results

In order to be enforceable, what does the Statute of Frauds require a real estate contract to be? - a) In writing Which of the following items is something a lender is prohibited from doing if the lender wants to write qualified mortgages? - Payback terms longer than 30 years Janice's life tenant, Jacob, is currently living on her property. Once Jacob dies, Janice has made arrangements that the property will go to the School for the Gifted. What interest does the School for the Gifted cur...

MD Real Estate Exam- State Portion Latest Update Graded A+ Inactive Status associate real estate brokers and real estate salesperons that are no longer affiliated with licensed real estate brokers and their license certificates and pocket cards are returned to the Commission. An inactive license expires 3 years from the date it was placed on inactive status Commission pays any penalty collected to General Fund of the State Instead of, or in addition to, suspension or revocation,...

MD Real Estate Exam CE Shop Results Questions and Answers Already Passed In order to be enforceable, what does the Statute of Frauds require a real estate contract to be? a) In writing Which of the following items is something a lender is prohibited from doing if the lender wants to write qualified mortgages? Payback terms longer than 30 years Janice's life tenant, Jacob, is currently living on her property. Once Jacob dies, Janice has made arrangements that the property will go to...

Which of the following items is something a lender is prohibited from doing if the lender wants to write qualified mortgages? - ANSWER-Payback terms longer than 30 years Janice's life tenant, Jacob, is currently living on her property. Once Jacob dies, Janice has made arrangements that the property will go to the School for the Gifted. What interest does the School for the Gifted currently have? - ANSWER-Remainder In states without full disclosure requirements, whose responsibility is it ...

MD Real Estate Exam Practice Questions And Answers

MD Real Estate PSI exam Questions And Answers

home equity loan - Answer A loan under which a property owner uses the property as collateral and can then draw funds up to a prearranged amount against the property. Also called a home equity line of credit, or HELOC. home inspection - Answer A thorough visual survey of a property's structure, systems, and site conditions conducted by a professional. Home Mortgage Disclosure Act - Answer A federal law, implemented at its creation by Regulation C of the Federal Reserve, that requires lend...