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The index stays constant over the life of the loan but the margin will vary.
A ____________________ broker is a full service broker who charges less than the
prevailing commission rates in his community.
The ____________________ Amendment prohibits any state from depriving a person
of life, liberty, or property without due process of law and prohibits any state from
denying any person within its jurisdiction the equal protection of the laws.
A broker who intentionally misleads a prospect by making an incorrect statement
known to be not true is guilty of ____________________.
____________________ cost is the cost at today's prices of constructing an exact
replica of the subject improvements using the same or very similar materials.
Through the Federal Reserve Banks, the Federal Reserve Board can create money.
"Time is of the essence" means that the time limits set by the contract must be faithfully
observed or the contract is voidable by the defaulting party.
The actual act of conveying ownership is known as a ____________________.
One uniform policy across the United States stipulates that water beneath the land
surface is called ____________________.
Equity buildup in a property can be the result of mortgage reduction and appreciation.
In most states, a branch office maintained by a licensed brokerage firm must secure a
branch office license in the firm's name.
A legal process of acquiring additional property that is added to property already owned
is called accession.
Mogan and David buy a furnished house. They assume and agree to the existing
mortgage. They will need a note and mortgage.
Freddie Mac's Loan ____________________ program made available on the Internet
overhauled the entire loan underwriting system.
Local government programs and services are financed primarily through state income
taxes.
A contract that is in the process of being carried out is said to be
____________________, that is, in the process of being performed.
When considering loan applications, lenders like to see good ____________________
records.
