Real estate escrow unit 8 Study guides, Class notes & Summaries

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Dubai RERA Broker Exam Questions with Correct Answers Graded A+ Which law applies to Land Registration & Ownership (Role of DLD) Law No. 7/2006 Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers Law No. 85/2006 Which law applies to Establishment of RERA Law No. 16/2007 Which law applies to Escrow Accounts Law No. 8/2007 Which law applies to Tenancy Law Law N...

Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers Law No. 85/2006 Which law applies to Land Registration & Ownership (Role of DLD) Law No. 7/2006 Which law applies to Establishment of RERA Law No. 16/2007 Which law applies to Escrow Accounts Law No. 8/2007 Which law applies to Tenancy Law Law No. 26/2007 Law No. 33/2008 (amendment) Which ...

Real Estate Escrow Unit 8 Questions and Answers 100% Pass The escrow holder's agency to the principals - Correct Answer ️️ -escrow's agency to the principals is limited in scope, responsible only for carrying out the duties as specified in the escrow instructions. The escrow holder is not held to the same full disclosure requirements as those of a general agent. If a buyer has signed and returned escrow instructions but the seller has not - Correct Answer ️️ -If a buyer has sign...

The escrow holder's agency to the principals - Answer-escrow's agency to the principals is limited in scope, responsible only for carrying out the duties as specified in the escrow instructions. The escrow holder is not held to the same full disclosure requirements as those of a general agent. If a buyer has signed and returned escrow instructions but the seller has not - Answer-If a buyer has signed and returned escrow instructions but the seller has not, there is technically no escrow un...

Which law applies to Land Registration & Ownership (Role of DLD) Law No. 7/2006 Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers Law No. 85/2006 Which law applies to Establishment of RERA Law No. 16/2007 Which law applies to Escrow Accounts Law No. 8/2007 Which law applies to Tenancy Law Law No. 26/2007 Law No. 33/2008 (amendment) Which ...

Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease What is not an adequate method of transferring property? - ANSWER-Executive Sale What is considered personal property? - ANSWER-Existing Mortgage If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...

Which law applies to Land Registration & Ownership (Role of DLD) - ANSWER Law No. 7/2006 Which law applies to Designated Areas (Freehold vs Leasehold for non GCC) - ANSWER Regulation No. 3 of 2006 Which law applies to Regulation of Real Estate Brokers - ANSWER Law No. 85/2006 Which law applies to Establishment of RERA - ANSWER Law No. 16/2007 Which law applies to Escrow Accounts - ANSWER Law No. 8/2007 Which law applies to Tenancy Law - ANSWER Law No. 26/2007 Law No....

Real Estate Escrow Unit 8 Question and answers rated A+ 2023/2024The escrow holder's agency to the principals - correct answer escrow's agency to the principals is limited in scope, responsible only for carrying out the duties as specified in the escrow instructions. The escrow holder is not held to the same full disclosure requirements as those of a general agent. If a buyer has signed and returned escrow instructions but the seller has not - correct answer If a buyer has signed and retur...

Real Estate Escrow Unit 8 Exam Questions With 100% Correct Answers The escrow holder's agency to the principals - answerescrow's agency to the principals is limited in scope, responsible only for carrying out the duties as specified in the escrow instructions. The escrow holder is not held to the same full disclosure requirements as those of a general agent. If a buyer has signed and returned escrow instructions but the seller has not - answerIf a buyer has signed and returned escrow in...