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CE Shop Course 1 Questions and Answers Already Passed

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CE Shop Course 1 Questions and Answers Already Passed Which of the following is more likely to act as a closing agent? ✔✔An attorney or title company representative is usually the closing agent ... . A closing agent's role is to coordinate all of the paperwork and funds to complete the transaction. TILA disclosure requirements ✔✔Loans for commercial purposes don't require TILA disclosure. Loans for personal purposes do, even when the collateral used is a business. title insurance representative ✔✔Ensures the title is marketable by performing a title search and provides the buyer with an abstract of title and title protection Which of the following is true about easements appurtenant? ✔✔If the dominant and servient properties are merged into one land parcel, there's no need for an easement anymore. Thomas is a builder in Minnesota. He regularly acquires land to construct residential, commercial, or industrial buildings with the intent to sell the property after construction is complete. He doesn't have a real estate license, but isn't violating any license laws. Which of the following is true? ✔✔Persons acquiring real estate related to construction of residential, commercial, or industrial buildings with the intent to then sell those don't need a license unless they're involved in at least 25 transactions in a 12-month period. What information does the Loan Estimate NOT provide to buyers under required disclosures law? ✔✔Final closing costs Which of the following is an included covenant(s) in a warranty deed? ✔✔Covenant of right to convey Darrel loves working in the mortgage lending industry. On a [Show More]

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