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28. Which statement is TRUE regarding a sales associate’s re…

28. Which statement is TRUE regarding a sales associate’s registered name?

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50. Which statement about about the economic concept of dema…

50. Which statement about about the economic concept of demand is FALSE?

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56. Ten years ago a vacant lot in a subdivision was purchase…

56. Ten years ago a vacant lot in a subdivision was purchased for $30,500. The owner hired a general contractor to build a home on the lot. The contractor charged $375,000. The homeowner is planning to refinance the mortgage. The bank recently appraised the home at $410,000. What is the value of the property?

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65. The interest on an assumed mortgage is entered on the cl…

65. The interest on an assumed mortgage is entered on the closing disclosure as a 

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85. Which clause in a mortgage instrument allows the mortgag…

85. Which clause in a mortgage instrument allows the mortgage to advance the due date of the unpaid balance if the borrower defaults on the loan?

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94. A homesteaded property is located in Orlando, Florida, i…

94. A homesteaded property is located in Orlando, Florida, in Orange County. The city tax rate is 18.1 mills, the county tax is 9.3 mills, and the school district tax rate is 6 mills. The homeowner is blind and has qualified for homestead exemption. The home has been assessed at $195,000. What must the homeowner pay in property taxes?

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98. Closing date is February 12. The buyer is assuming the s…

98. Closing date is February 12. The buyer is assuming the seller’s mortgage loan that has a principal balance of $212,500 at 3 1/2 % interest. The day of closing is charged to the buyer. What is the proration and how is it entered on the closing disclosure?

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53. Which legal instrument states the loan amount, interest…

53. Which legal instrument states the loan amount, interest rate, repayment method, and maturity date?

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20. What is  9.26 mills converted to the decimal form? 

20. What is  9.26 mills converted to the decimal form? 

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38. The statue of frauds requires that 

38. The statue of frauds requires that 

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