Colibri Real Estate Test Questions |91 Questions| With Correct Answers.

What section of the Closing Disclosure shows how much ($) money the borrower needs to bring to closing? {Ans: Projected Payments}What is formed when people join together and own or control housing or related facilities? {Ans: Co-op Ownership}What was created to insure buyer & seller have knowledge of all settlement costs? {Ans: 1974 RESPA}What article in Broker/Salesperson Independent Contractor Agreement says salesperson cannot charge a commission less than the brokers established %? {Ans: Commissions}According to government regulations, the majority of a savings and loan association's assets must be in? {Ans: Real Estate Loans}What mortgage clause states that the trustee will accept the trust when the deed of trust is "duly executed & acknowledged" and is properly recorded? {Ans: Trustee Acceptance}