Exam 2 Barney Fletcher Q&A Latest Update
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Barney Fletcher
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Barney Fletcher
Exam 2 Barney Fletcher Q&A Latest Update
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| Uploaded on: | May 8, 2025 |
| Last updated: | May 12, 2025 |
| Number of pages: | 13 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | Exam 2 Barney Fletcher Q&A Latest Update |
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Exam 2 Barney Fletcher | Q&A Latest 2025/2026 100% PASS FBPA is a GA Law - Answer -True Referrals are from broker to broker (licensee to licensee) - Answer -True The secondary mortgage market is used for what? - Answer -loans are bought and sold... provides liquidity for the primary market Accrued interest is the sellers interest since his last payment - Answer True In a cooperative type of ownership, the unit dweller does not get an individual tax bill - Answer -True Multiple tenants in same shopping center who are not forced to move in a foreclosure must have had what type of clause? - Answer -Nondisturbance clause in the deed/mortgage Local rents are mostly affected by what? - Answer -Local supply and demand in the area A partial release clause is found in what kind of mortgage? - Answer -A blanket mortgage for a developer to sell off one lot at a time If a seller sues a buyer who walks after buyer's remorse, the seller will likely only receive what as liquidated damages? - Answer -Earnest money Three options for trust accounts when an agent sells their own home Answer -Own broker, a deferent broker, or open their own account
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