Episode 066 - State Exam Questions 20
Going through state exam questions to help real estate students pass their state exam.
03:30 – Mortgage factor chart; Number of thousands borrowed x mortgage factor = payment.
07:30 - $150 (number of thousands borrowed) x 9.91 (mortgage factor) = $1,486.50.
12:44 - $200 x 10.45 = $2,090.
13:48 - $129 x 7.34 = $946.86.
15:15 – What clause makes a mortgage unassumable?
18:05 – What is a piggyback mortgage and what down payment is required for an 80-10-10 mortgage?
21:50 – What is the principal in a mortgage?
25:27 – When will an agent be liable when writing a comparative market analysis (CMA) with inappropriate comparables?
27:55 – How should an agent handle a client that asks about taking title as joint tenants or tenancy by the entirety?
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