Principals II Review Questions

A brief history of all the documents affecting title is

If a contractor needs to get permanent financing to repay construction loan, he would get a

Latches means the loss of a right

A residential rental locator is typically paid by

Prior to foreclosure the buyer may obtain what type of redemtion

When something is owed it is called

A restrictive covenant in a deed establishes the right

An appraisal may be best defined as

Escrow officers are licensed by

In an estate situation what type of deed is given by the executor or administrator?

" To have and to hold" is what clause

Which of the following are True?

Three discount points charged on loan of $100,000 equals

Concerning a property managers collection policy it should?

What is the primary specialty of Texas Realtors

8% of 2300 Equals

If there are no smoke alarms in a rental property the tenant may

Property deemed desirable for public convenience but only marginally acceptable can be granted

If a property is sold for $90,000 and the commission rate is 6%, how much is owed to broker

If the sale does not close or if the seller cannot deliver clear title, the escrow agent

A ground lease is usually

Rumor that abandon home to be taken by city, an appraiser would value a property based on

Which would not be considered public land use control

When a loan is amortized the interest is calculated on

What specialty requires a license?

In an actual eviction the landlord

Regulation Z requires interest rates used in advertising to be

person takes adverse positions of property for 10 years, what is the maximum number of acres?

property manager creates a budget, must consider owner's long term plans and estimate of

Extending term of deed restrictions can be done with

Extraterritorial Jurisdiction is within

Who files the deed with the county clerk?

Auctioneers are licensed by

What document sets the maximum loan amount of a VA Loan?

A Tax Credit is treated for income tax purposes as a

What age must a person be to obtain a Reverse Mortgage?

Buyer must receive closing documents within how many business days prior to closing?

A bequest in a will is gift of

What would require obtaining a conceptional use permit?

The definition of a REIT is

In an adjustable rate mortgage interest rates

An Auction is defined as sale of property by

The hiring and supervising employees to maintenance is the responsibility of

When utilities are installed and marketing has begun and sales have occurred this is called

The Deed must be signed by whom?

Home inspectors are licensed by

Property developers are licensed by

If you receive multiple offers, you do not have to have an auctioneer's license if the terms

The purpose of a CMA is

To establish evidence of ownership of a property, you can use

What purpose does a REIT use funds from investors?

Texas First Time Home Buyers Program provides interest rates that are

What party in a deed of due to foreclosure, has the right to sell the property at auction.

Title insurance premium is paid

REIT means

A definite period of time is