Aceable Agent - Principles of Real Estate II Exam Notes| Questions and correct answers|100% Pass| New

Aceable Agent - Principles of Real Estate II Exam Notes| Questions and correct answers|100% Pass| New Formulas to calculate commission? TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL What is the term that describes the money that is lent? PRINCIPAL Down payment minus earnest money? CASH TO CLOSE Loan payment + loan principal? TOTAL SALES PRICELoan points/fees charged 1% to compensate loan officers for underwriting and administering the loan. ORIGINATION POINTS Loan points/fees charged 1% in exchange for a lower interest rate on the loan. DISCOUNT POINTS When is the seller responsible for property taxes? DAY OF CLOSING Ethical code for appraisers? Uniform Standards of Professional Appraisal Practice (USPAP) Who regulates USPAP? Appraiser Qualifications Board (AQB)