A partially amortizing loan will include:
Answer(s): A
A partially amortizing loan requires regular monthly payments covering interest and some principal, but the loan is not fully paid off at the end of the term.At maturity, a balloon payment (lump sum of the remaining balance) is due.Other options:(B) Non-refinancing clause not a defining feature.(C) Multiple lenders irrelevant.(D) Equal monthly payments until fully paid that describes a fully amortizing loan, not partial.
Virginia Real Estate Finance Principles Loan typesNational exam content outline (Amortization & balloon loans)
A form of insurance that protects the policyholder by covering any losses they might incur as a result of theft or fraud by specified individuals is:
Answer(s): D
A fidelity bond is a type of insurance that protects employers or organizations against losses caused by theft, fraud, or dishonesty of employees or other specified individuals.Other options are distractors:(A) Risk management bond not a recognized insurance product.(B) Liability bond would cover liability for damages, not theft/fraud.(C) Security bond general term, but not the correct insurance product here.
Virginia Real Estate Practice Text Risk management and insurance sectionReal Estate Board CE Curriculum Brokerage risk & trust account protections
In Virginia, how many years do records need to be kept for?
Virginia requires brokers and firms to retain all financial, transactional, and escrow records for three years.This includes contracts, disclosures, closing statements, and escrow records.The three-year period usually begins from the date of closing or termination of the transaction.
Virginia Code §54.1-2108 (Broker records retention requirements)
Why do lenders need liquidity?
Answer(s): B
Liquidity is a lender's ability to quickly convert assets into cash.When lenders sell loans on the secondary mortgage market or securitize them into mortgage-backed securities (MBSs), they regain capital.This liquidity allows lenders to issue more loans to new borrowers.Other options:(A) MBSs are a method to create liquidity, not the purpose.(C) Investing in long-term assets would reduce liquidity.(D) FHA insurance does not require liquidity.
Fannie Mae & Freddie Mac guidelinesVirginia Real Estate Finance Principles Secondary Mortgage Market section
In addition to evaluating borrower creditworthiness, to complete the loan approval process, the underwriter needs to evaluate the:
Loan underwriting evaluates two things:Borrower's creditworthiness (income, debt, credit score).The property's value and suitability (via appraisal, condition, and title review).The lender needs to ensure that the property provides sufficient collateral in case of default.Other options:(A) Tender unrelated.(C) Broker not evaluated.(D) Seller irrelevant to loan approval.
Fannie Mae Selling Guide Loan UnderwritingVirginia Real Estate Finance Principles Loan Process
Who regulates fair housing advertising?
The U.S. Department of Housing and Urban Development (HUD) regulates fair housing advertising under the Fair Housing Act (1968).HUD issues rules on wording, images, and equal housing opportunity statements in ads.Other agencies:(A) HMDA (Home Mortgage Disclosure Act) focuses on lending data, not advertising.(C) CRA (Community Reinvestment Act) ensures banks serve all communities fairly.(D) ECOA (Equal Credit Opportunity Act) prohibits discrimination in lending, not ads.
Fair Housing Act, 42 U.S.C. §3601 et seq.HUD Fair Housing Advertising GuidelinesVirginia Fair Housing Law (Title 36, Chapter 5.1)
What rights govern the use of flowing water, such as rivers or streams?
Riparian rights apply to landowners whose property borders flowing water such as rivers or streams. Owners have reasonable rights to use the water, provided it doesn't harm upstream/downstream users.Other options:(B) Percolating rights apply to underground water.(C) Appropriative rights water rights granted by permit (common in western states, not Virginia).(D) Littoral rights apply to non-flowing waters (lakes, oceans, seas).
Virginia Real Estate Principles & Practices Water Rights SectionCode of Virginia, Title 62.1 (Waters of the State, Ports and Harbors)
An opinion of title, a certificate of title, a Torrens certificate, and title insurance are all examples of:
Answer(s): C
Evidence of title refers to documents or assurances showing that the seller has good title to convey.Examples include:Opinion of title (by attorney)Certificate of titleTorrens certificateTitle insurance policyThese are all methods of proving ownership rights.Other options:(A) Cloud on title = defects/encumbrances.(B) Equitable title = buyer's right after signing a contract but before closing.(D) Chain of title = historical record of ownership.
Virginia Real Estate Principles & Practices Title EvidenceCode of Virginia §55.1 (Property and Conveyances)
Share your comments for Real Estate Licensing Virginia-Real-Estate-Salesperson exam with other users:
looking for c1000-158: ibm cloud technical advocate v4 questions
can you share the pdf
admin ii is real technical stuff
could you post the link
hello send me dumps
it is very nice
i gave the amazon dva-c02 tests today and passed. very helpful.
there is an incorrect word in the problem statement. for example, in question 1, there is the word "speci c". this is "specific. in the other question, there is the word "noti cation". this is "notification. these mistakes make this site difficult for me to use.
passed my az-120 certification exam today with 90% marks. studied using the dumps highly recommended to all.
i need it, plz make it available
q47: intrusion prevention system is the correct answer, not patch management. by definition, there are no patches available for a zero-day vulnerability. the way to prevent an attacker from exploiting a zero-day vulnerability is to use an ips.
this is simple but tiugh as well
questão 4, segundo meu compilador local e o site https://www.jdoodle.com/online-java-compiler/, a resposta correta é "c" !
its very useful
i mastered my skills and aced the comptia 220-1102 exam with a score of 920/1000. i give the credit to for my success.
real questions
very helpful assessments
hi there, i would like to get dumps for this exam
i studied for the microsoft azure az-204 exam through it has 100% real questions available for practice along with various mock tests. i scored 900/1000.
please upload 1z0-1072-23 exam dups
i was hoping if you could please share the pdf as i’m currently preparing to give the exam.
i am looking for oracle 1z0-116 exam
where we can get the answer to the questions
nice questions
question 129 is completely wrong.
i need dump
love the site.
can you please upload it back?
could you please re-upload this exam? thanks a lot!
great about shared quiz
goood helping
pay attention to questions. they are very tricky. i waould say about 80 to 85% of the questions are in this exam dump.
wish you would allow more free questions
great simulation
Keeping this site free takes real effort. We constantly battle automated scraping and unauthorized content copying. A quick account helps us protect the community and keep the site free.
To continue studying for your Virginia-Real-Estate-Salesperson, please sign in or create a free account.