Key Mortgage Clauses You MUST Know | Real Estate Exam Prep Videos

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  • Опубликовано: 28 авг 2024

Комментарии • 66

  • @TheRealEstateClassroom
    @TheRealEstateClassroom  4 года назад +8

    Related Video: Types of Mortgages (Non VA, FHA Loans) Types of Mortgages (Non FHA, VA Loans)

    • @laurawatkins2721
      @laurawatkins2721 3 года назад +1

      Do you have a video on license law?

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  3 года назад +2

      @@laurawatkins2721 Hi Laura... I am sorry but I do not. License law is very state specific..... this is for the national side of the exam :o(

  • @renzeema
    @renzeema 3 месяца назад +5

    I passed both my state and national today ! 5/29/24. Thank you for your knowledge, insight, and patience in delivering the material that contributed to my success. 🎉

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  2 месяца назад +2

      Great job! That is super awesome! Congrats... the exam is no joke. Only those that put in the hard work pass. Kudos! Best of luck in your new venture. You will crush it! ;o)

  • @alibertolina1659
    @alibertolina1659 3 года назад +11

    I went from getting below 50% on my practice quizzes to getting 86% on 159 questions for just the finance portion! Thank you! Your videos have helped me the most out of anything

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  3 года назад +1

      Excellent! Glad it was helpful and thank you for leaving a comment! Best of luck!

  • @sherane_h
    @sherane_h Год назад +5

    I passed my state exam yesterday and these videos were everything!!! OMG Thank you!!!

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  Год назад +1

      Hi Sherane... that is super awesome! Congratulations, I am so happy for you. The exam is no joke... only those who put in the hard work and study pass. I am also happy we were part of your success. I wish you the absolute best of luck with your new business venture. Drop me an email... paul@randallschool.com and I'll send you the Real Estate Agents Simple Bookkeepping Spreadsheet to keep all your income and expense organized for taxes....

    • @sherane_h
      @sherane_h Год назад +1

      @@TheRealEstateClassroom Thank you! Will do!

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  Год назад +2

      @@sherane_h I emailed it to you! 😁

    • @sherane_h
      @sherane_h Год назад

      @@TheRealEstateClassroom Thank you!!!

  • @LisaDGoff
    @LisaDGoff Год назад +3

    Paul, you're the best! I'm so glad I found your videos -- they are so clear and concise, you explain things so well. Passed my CA test yesterday on the first try and couldn't have done it without your great videos!

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  Год назад +1

      Hi Lisa, CONGRATULATIONS! That is awesome. The exam is no joke! Only those that really commit to study pass... especially the first try. I am glad we were part of your study regime. Thank you for reach out and letting us know as well! Best of luck in your new venture! I am sure you will rock it! 🥳🥳

  • @sonsofjorge7730
    @sonsofjorge7730 5 месяцев назад +1

    thanks.. applicable even outside the US

  • @jamieweiford3703
    @jamieweiford3703 Год назад +3

    Thank you so much for all the videos!!! I passed my National and State test on the first try!!!!

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  Год назад +1

      That is awesome! Congratulations! Thank you for letting me know. I wish you the best of luck in your new venture and I am glad we helped you reach your goals!

    • @itsreginatv
      @itsreginatv Год назад

      Congratulations . I am studying to take the test. Do you have any suggestions on what I should focus on? there"s just so much to learn.😩😳😟

  • @mercedesmargritz7295
    @mercedesmargritz7295 3 года назад +1

    I was so confused with all these clauses until I watch your video. THANK YOU!

  • @AlexiaGallucci
    @AlexiaGallucci 2 года назад +3

    Hi Paul, just want to thank you for your videos, I've been watching them for a few months in conjunction with studying from the Principals of Real Estate Text book. I often referred to your videos for more clarification of topics that I struggled with. I'm happy to say that I passed the National and State Exams, and I'm on my way to becoming a Realtor! Thanks again!

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  2 года назад +1

      Hi Alexia.... CONGRATULATIONS that is so awesome!!! Please know, the exam is specifically designed so you can't pass it by chance or luck. Only those that put in the time and hard work to study pass. Even then, only about 60% pass. I am so happy for you and I am glad we were part of your study routine. I wish you all the best in your new venture. It can be difficult to get momentum going at first but don't give up and don't get discourgaed. Once things start going...skies the limit!!! :o) If you wouldn't mind... I would appreciate a good review on Facebook... Here is the link! facebook.com/TheRealEstateClassroom/reviews/?ref=page_internal
      Stay focused... great things are about to happen!

    • @AlexiaGallucci
      @AlexiaGallucci 2 года назад +2

      @@TheRealEstateClassroom Done ! Thanks again, you are amazing!

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  2 года назад +1

      @@AlexiaGallucci Thank you!

  • @Nanaababy318
    @Nanaababy318 2 года назад +1

    I’m taking prep exams and if I don’t know a word in the question I come and see your videos. After watching I get the right answer, very helpful, informative with key necessary information! Thanks a ton

  • @alvinkitzmann2134
    @alvinkitzmann2134 2 года назад +2

    Thank you for your videos. They are quality and it helps greatly in conjunction with on line learning and tests.

  • @saracardamomma
    @saracardamomma 2 года назад +2

    This was great. Thanks for the clarification on the common clauses in R.E.

  • @desigirl9707
    @desigirl9707 2 года назад +1

    Thank you a million. I have my GA state exam tomorrow. I came across the clauses. I needed a boost. I got the boost. Thanks Paul.

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  2 года назад +1

      You're welcome!!! Best of luck on the exam tomorrow... I am sure you will crush it!

    • @desigirl9707
      @desigirl9707 2 года назад +1

      @@TheRealEstateClassroom I crushed it! I passed! Thanks for your videos.

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  2 года назад +2

      @@desigirl9707 Congrats that is so awesome!!! People don't realize how hard that exam is... you don't just pass it without a ton of studying. I wish you the best of luck in your new venture!

  • @luluhagopian8693
    @luluhagopian8693 2 года назад +2

    Great review . Short and to the point. Thank you !

  • @judelistens510
    @judelistens510 2 года назад +1

    That you Paul for all your help. Just passed my exam!

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  2 года назад +1

      Great job! CONGRATULATIONS that is so awesome!!! By now you know, the exam is is no joke... Only those that put in the time and hard work to study pass. Even then, only about 60% pass. I am so happy for you and I am glad we were part of your study routine. I wish you all the best in your new venture. It can be difficult to get momentum going at first but don't give up and don't get discourgaed. Once things start going...skies the limit!!! :o) If you wouldn't mind... I would appreciate a good review on Facebook... Here is the link! facebook.com/TheRealEstateClassroom/reviews/?ref=page_internal
      Stay focused... great things are about to happen!

  • @lissettelahaie1017
    @lissettelahaie1017 3 года назад

    Your videos helped me a lot with passing my test! Thank you!

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  3 года назад

      Hello Lissette... that's GREAT NEWS! Congratulations on passing your exam and I am glad we could help. I wish you nothing but the best of luck in your new career!!! :o)

  • @ivanromero6901
    @ivanromero6901 3 года назад +1

    Thanks a lot for all your information helping in all my doubts!!!

  • @abirsworld5727
    @abirsworld5727 3 года назад +2

    Very useful and helpful video. Thanks a lot

  • @matt7360
    @matt7360 2 года назад

    You did it again paul! thanks for the explanations and the videos.

  • @reenapatelrealtor
    @reenapatelrealtor 3 года назад +1

    Very helpful video lessons ... very good explanations... so thankful 😊🙏🏻

  • @willliu3025
    @willliu3025 2 года назад +1

    Great class reveiw . 👍🙏🏼.. thank you. Yes. I am sharing your great content video to anyone i know.

  • @DenverRealtorBestie
    @DenverRealtorBestie 3 года назад +1

    Great video. The example were useful

  • @dhavalpatel6123
    @dhavalpatel6123 3 года назад +2

    Can you please do video for option contract

  • @betsywyatt9071
    @betsywyatt9071 2 года назад +1

    Amazing video!!

  • @siminsaadat2952
    @siminsaadat2952 Год назад +1

    You are amazing.
    Thank you

  • @laurawatkins2721
    @laurawatkins2721 3 года назад +1

    Do you have a video on license law?

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  3 года назад +1

      Hi Laura... I am sorry but I do not. License law is very state specific..... this is for the national side of the exam :o(

  • @kscheong2820
    @kscheong2820 3 года назад +1

    ty

  • @adrianacuellar8833
    @adrianacuellar8833 Год назад +1

    Isn’t the mortgagor the lender and mortgagee the borrower?

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  Год назад +3

      No... remember... tthere are 2 "e's" in leneder and 2 "e's" in mortgagee

    • @PerimeterPermaculture
      @PerimeterPermaculture 7 месяцев назад +1

      @@TheRealEstateClassroom Bizarre answer. There are 2 "e's" in sellee, vendee, etc. yet its the exact opposite. So what we need to understand is that the
      'mortgagee' is the one who receives the loan because the bank deposits your promissory note. YOUR PROMISSORY NOTE IS LEGAL TENDER. That is why they are called the mortgagee!

    • @TheRealEstateClassroom
      @TheRealEstateClassroom  7 месяцев назад +1

      @@PerimeterPermaculture the way I remembered it when I was studying for the real estate exam is there are 2 e's in leneder and 2 e's in mortgagee 😁

  • @liquorinfrontpokerinrear3271
    @liquorinfrontpokerinrear3271 Год назад

    I've got a question? Can you sign the MORTGAGE first at closing? If NO! WHY?