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EXAM

BROKER EXAM

QuestionAnswer
EQUITABLE RIGHT OF REDEMPTION a right under state law of a defaulted borrower to redeem his or her property up to the date of the mortgage foreclosure sale by paying in full the outstanding mortgage debt.
STATUTORY RIGHT OF REDEMPTION a right under state law of a defaulted borrower to redeem his or her property up to the date of the mortgage foreclosure sale by paying in full the outstanding mortgage debt.
O obediency
L loyalty
D disclosure
C confidentiality
A accountability
R reasonable care
How many hours does a managing broker need to transition over? 30 hours transition course and pass the exam OR pass the exam and take 18 hours of continuing education required: 9 core + 9 elective credits.
Created by: deanne.murray
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