CE Shop Questions and Answers Graded A+

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CE Shop Questions and Answers Graded A+ Lenders will require which type of fund for taxes and insurance? Balloon fund Emergency fund Mortgage fund Reserve fund ✔✔Reserve fund Mark works at F... arm and Country Bank, and has arranged an agricultural loan for Josh, a local organic farmer. Josh didn't meet the bank's normal underwriting standards, but Mark made the loan because he was able to arrange for a guarantee from ______. Farmer Mac The Farm Credit System The Farm Service Agency The Federal Agricultural Housing Authority ✔✔The Farm Service Agency When a developer selling timeshare units receives earnest money deposits or down payments, what is the developer required to do with that money? Forward the money to the timeshare owner's association Hold the money in the developer's escrow account for no more than three days Hold the money in the developer's escrow account through the buyer's rescission period Maintain the money in a trust fund account that will be used for maintenance of the timeshare complex ✔✔Hold the money in the developer's escrow account through the buyer's rescission period You represent a seller as a single agent. What's it called wh [Show More]

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