Under Article 7 on "hard money loans" (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust, except where the new usury laws apply, the loan broker’s commission maximum is:

Answers

Answer 1
Answer:

Complete Question:

Under Article 7 on “hard money loans” (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust, except where the new usury laws apply, the loan broker’s commission maximum is:

Group of answer choices

A. 10%.

B. 12%

C. 20%

D. As much commission as her borrower will agree to pay her.

Answer:

D. As much commission as her borrower will agree to pay her.

Explanation:

Under Article 7 on "hard money loans" (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust, except where the new usury laws apply, the loan broker’s commission maximum is as much commission as her borrower will agree to pay her.

However, in some states a usury law has been passed to define the maximum rate of interest that may be charged on some hard money loans.

In real estate transactions, a hard money loan can be defined as a short-term loan or loans of last resort which is secured by a real property. These type of loans are mainly issued by the private investors (individuals or companies) rather than the common lenders such as credit union or a bank.

Answer 2
Answer:

Final answer:

The maximum commission for loan brokers in the case of hard money loans is not universally defined and may be a matter of negotiation between the borrower and lender. However, specific local legislation might apply.

Explanation:

The question pertains specifically to the loan broker’s maximum commission under Article 7 for hard money loans (cash) of $30,000.00 and over for first trust deed loans, and $20,000.00 and over for junior deeds of trust. In most jurisdictions, the maximum commission percentage is not specifically defined in the law that broadly covers these loans. Instead, it would traditionally be a matter of negotiation between the borrower and the lender (or the lender’s representative, the broker). However, there might be specific state or regional legislation that sets a maximum percentage for commission in the circumstances mentioned above. To get the accurate answer you should refer to the local legislation or consult with a legal expert.

Learn more about hard money loans here:

brainly.com/question/31672961

#SPJ3


Related Questions

Ruby wants to change the size of the margins in her document. Which of the following is a command she might use to do so in her word processing software?A. Paragraph B. Size C. Page Setup D. Inches
Advertising things you don't have in order to sell people more expensive things when they are lured in is called _________.a. fishing reel c. bait and switch b. wrongful advertising d. none of these
A Minnesota farmer buys a new tractor made in Iowa by a German company. As a result, a) U.S. investment and GDP increase, but German GDP is unaffected. b) U.S. investment and German GDP increase, but U.S. GDP is unaffected. c) U.S. investment, U.S. GDP, and German GDP are unaffected because tractors are intermediate goods. d) U.S. investment, U.S. GDP, and German GDP all increase.
The accuracy and reliability of information presented in a company's annual report, including its financial statements and their accompanying notes, is primarily the responsibility of _______
Which statement is true about Responsive Display Ads? a. The ads adjust to available screen space when delivered. b. The ads can meet exact branding requirements. c. They offer the advertiser more creative control than uploaded ads. d. The ads can be manually uploaded.

Which of the following is used by a seller to deceive a buyer?a. bait and switch
b. contest
c. display
d. introductory offer

Answers

Seller deceive a buyer by using A. BAIT AND SWITCH.

Seller lures the buyer into buying a product, bait. Seller presents all benefits of the products using the bait product. When the buyer decides to buy the product, the seller will then switch the bait product into another product that may be of lower value than the bait product. 

In the event that the buyer will complain to the seller regarding the product bought, seller will defend him or herself by insisting that the product given was the product tested by the buyer.

The answer is A. bait and switch


Which qualifications are typical for someone working in Marketing Information Management and Research?A. good teamwork skills and knowledge of search engines and social media

B. math skills for calculating prices, good teamwork, and physical stamina

C. a pleasant attitude, critical thinking skills for designing surveys, and social awareness

D. creativity, persuasiveness, and good social skills when dealing with news media contacts

Answers

Answer: A. good teamwork skills and knowledge of search engines and social media

Explanation:

Answer:

a

Explanation:

Suppose Pepsi-Cola which includes Mount dew and several other sodas purchase Coca-Cola and cokes families of sodas to form one large metal company what do you believe would happen to the price of sodas in the United States

Answers

The price of soda would go-nowhere-because that is SOOO unrealistic! But it would go down because the more you have of something the cheaper it is

Why do we need to know how to use a computer

Answers

We need to know how to use a computer because the world is changing and that also means the way we work and live. If you don't know how a computer works then there might be a problem with your job or the way you communicate.

Your company, a small software development firm, has attracted many of the top young programmers in your area. As a result, the apps you produce have been praised for their innovative features and intuitive user experience. According to the bathtub metaphor in the dynamic capabilities perspective, what is the best way for you to protect against resource leakage? Invest in an online marketing campaign for existing products to retain customers. Open a satellite office overseas to support the company culture of taking chances. Attempt to undercut the competition by imitating their top-selling product. Improve the benefits package to retain key employees and reduce turnover.

Answers

Answer:

Improve the benefits package to retain key employees and reduce turnover.

Explanation:

the dynamic capability perspective model reflects an organization's capability to leverage and make adequate use if it's resources in surviving and growing in a constantly changing environment. The bathtub metaphor describes the flow and movement of organization's resources such as it may be used to accomplish dynamic capability

Example(bathub metaphor)

Water flowing from different places into the tank represents capital investments

How fast the tank fills with water represents how fast the firm would be able to build capital base

The amount of water that has entered the tank represents the firm's current capital

How much water leaks from the tank represents a reduction in the firm's capital base

the company's ___ team led wendy's response when a diner claimed to have found a fingertip in wendy's chili.

Answers

The company's crisis management team led Wendy's response when a diner claimed to have found a fingertip in Wendy's chili.

Crisis management is the process of preparing for, responding to, and recovering from an unexpected or disruptive event that threatens an individual, organization, or community. This can include natural disasters, accidents, financial crises, reputational issues, or other events that can have a significant impact on the safety, operations, or reputation of an entity.

Effective crisis management involves a coordinated and strategic approach that includes identifying potential risks, developing response plans, and implementing mitigation measures to minimize the impact of the crisis. This can involve communication and collaboration among multiple stakeholders, including employees, customers, partners, regulators, and the media.

Learn more about crisis management here: brainly.com/question/17213979

#SPJ11