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Real Estate License Review Questions and Answers | Verified & Updated
A property sold for $60,000 and was financed bya 80% ltv mortgage. On the buyer's portion of 
the settlement statement the 2 % loan origination fee would be shown as - a debit to the 
buyer 
How does the buyer's earnest money deposit appear on the closing settlement statement? - as 
a credit to the buyer 
In a state where real property taxes are paid a year in arrears, how would the accrued taxes that 
were not due and payable appear on the closing settlement statement? - as a prorated credit ...
- Exam (elaborations)
- • 32 pages •
A property sold for $60,000 and was financed bya 80% ltv mortgage. On the buyer's portion of 
the settlement statement the 2 % loan origination fee would be shown as - a debit to the 
buyer 
How does the buyer's earnest money deposit appear on the closing settlement statement? - as 
a credit to the buyer 
In a state where real property taxes are paid a year in arrears, how would the accrued taxes that 
were not due and payable appear on the closing settlement statement? - as a prorated credit ...
MHA 708 Study Quiz 1 with 100% Correct Answers | Verified | Latest Updated 2024 | Already Passed
AEM Certification Exam Questions And Answers Already Passed | Graded A+
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