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17 Cards in this Set
- Front
- Back
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Is a purchaser is “qualified for a loan, what does that mean? |
The lender has made a preliminary review of the purchasers creditworthiness |
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What must the broker do if seller refuses lockbox? |
Explain the consequences |
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What is a standard exception in a title commitment? |
Mineral rights |
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What is forbidden by the FTC? |
Calling a person who asked for information from you four months ago |
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A commercial broker attempting to accommodate a tenant downsizing would use what? |
A lease buyout |
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Good faith estimate and truth in lending combined to make what form? |
Loan estimate |
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Proper way to deal with buyer wanting to move in a week early? |
Contact an attorney to prepare a lease |
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Relationship between brokerage company and broker is? |
Independent contractor |
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What is not an advantage to owning farmland? |
Unfavorable diversification |
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What does extended policy do that standard doesn’t ? |
Covers items that don’t appear on public record |
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What is true with regard to terminated relationships? |
After termination broker cannot solicit prospects based on leads generated with company |
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Economic trend between available square feet of office space in a market and its total square feet? |
Vacancy rate |
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What would not help raise someone’s credit score? |
Shopping for the best possible loan |
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What is the standard term for a management agreement? |
No standard term |
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What happens on an insurance claim where a homeowner does not have a coinsurance clause? |
The loss will be settled for actual cash value |
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When does title pass to the buyer? |
When the deed is delivered |
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What is the standard term for management agreement? |
No standard term |
