A mortgage broker negotiated a loan for $10,000, secured by a second trust deed to be paid in 30 monthly payments. The maximum commission the broker is permitted to charge is:
A) $195
B) $390
C) $700
D) $1,000
Correct Answer:
Verified
Q3: In an installment sales contract, title to
Q4: An enforceable due-on-sale clause is correctly called
Q5: The major source for junior loans (2nds,
Q6: The CalHFA program:
A) is a secondary mortgage
Q7: Under the Real Property Loan Law, the
Q9: A straight note differs from an installment
Q10: The ultimate source of all loan funds
Q11: The maximum FHA insured loan under the
Q12: Under the Trustee's Sale procedure, after a
Q13: Traditionally, the total monthly expenses should not
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents