JUST PASSED MY FL EXAM AT 18 YEARS OLD, finished the course, and took the exam within 5 days and passed first try. These videos are truly a gold mine for a speedrunner like me.
I’m fortunate to have a really good instructor and these videos for my real estate class. You guys are very knowledgeable and are great teachers. Thank you!
➡️ Are you ready to take the Real Estate Licensing Exam? 🧐 Click the link below which will open in Messenger - You will receive 100 FREE Practice Exam Questions - 10 New Practice Questions Everyday! m.me/TheRealEstateClassroom?ref=challenge
Thank you so much for this lesson! Can you please send the link for TRID. I learned a lot from your TILA/Reg Z and RESPA. Now I just need help with RESPA😟
Toke mine today and passed the Missouri portion but failed the national by 10 points will take again next week. Concentrate on your Vocabulary. Good Luck you got it
I am confused by info I have from a Fla class citing the FTC is responsible TILA enforcement. In this video you have that CFPB enfores the TILLA. What would be the differences or is my info false?
The federal trade commission act of 1914 enforces and regulates over 70 laws including the truth in lending act. The FTC shares this authority with the consumer financial protection bureau
Lending institutions lend whose credit in the extending credit word usage? Banks can’t lend “their” credit, so please explain whose credits are accessed through the social security number (flow through number to the treasury) whose credit funded the transaction?
Question: which of the entries satisfies the requirement that an advertisement show that the broker is in real estate business? 1. J. Jones realty 2. J. Jones, real properties 3. J. Jones, real estate agency 4. J. Jones, real estate venture
That will be very state license law specific. So you will need to check your specific states license law requirements. I will say however, most states require the trade name being used to be advertised exactly as register with the state. Thank for the question....
This is an informative video however at the 11:32 second mark you incorrectly explain the right to rescind ending after three days. The right to rescind does not start until after consummation. I implorer you, the 20 some odd thousand viewers who watched this video and the 44 that left a comment to read ⭐️⭐️⭐️ 12 cfr 226.23⭐️⭐️⭐️ It will only take a few moments of your time. You will then know the true amount of time a consumer has to rescind. Hint hint it's way longer than three days. It's a big secret of the lending process and it's is possible that the maker if this video was unaware of this fact. You're welcome You're all welcome!!!!
Hi Mario... remember, this channel is for those studying for their real estate exam. I don't add more than the student needs to know to pass. In this case the student only needs to know there is a 3 day right to rescind... Going any deeper will not benefit their studies. After they get get licensed they can learn the exceptions, etc... I totally appreciate the comment :o)
The right to rescind a home equity loan within the first 3 days DOES NOT APPLY unless you are taking on new debt. Refinancing a HE loan that was at 5% to get a lower rate - you still owe the money, but now are paying a different rate. It WOULD apply if you did a cash-out refinance OR you take on a HE loan where you currently own the house free and clear of any existing mortgage.
JUST PASSED MY FL EXAM AT 18 YEARS OLD, finished the course, and took the exam within 5 days and passed first try. These videos are truly a gold mine for a speedrunner like me.
Great job, Tuna... Glad we could help you meet your goal! Best of luck in your new venture
I’m fortunate to have a really good instructor and these videos for my real estate class. You guys are very knowledgeable and are great teachers. Thank you!
I appreciate that!
I don’t understand why we need to remember so many things just to become a realtor 😐
You're not the only one....
Exactly the info I was looking for! Straightforward and clear, very helpful. Thanks so much!
Glad it was helpful!
➡️ Are you ready to take the Real Estate Licensing Exam? 🧐 Click the link below which will open in Messenger - You will receive 100 FREE Practice Exam Questions - 10 New Practice Questions Everyday! m.me/TheRealEstateClassroom?ref=challenge
Thank you sir, great teaching very clear to understand
Thank you...
Great video. Funny yo u called it "hook & bait". I always heard it as "bait & switch".
So much information packed in my morning drive to work. Thank you!
Glad it was helpful! Thank you! Best of luck!
Thank you very much for this, I can answer my Business Law hw with better comprehension about TILA
Right on!
Thank you so much for this lesson! Can you please send the link for TRID. I learned a lot from your TILA/Reg Z and RESPA. Now I just need help with RESPA😟
Here is a link to the RESPA video - ruclips.net/video/z2VBtQ3Wp7w/видео.html
Very helpful Paul! Thanks so much
Very welcome!
What a difference. Great explanation
Thank you!
Great video this helped a lot
Thank you, Clayton! I appreciate you letting us know! :o)
I test this Friday for class test .. I’m very Nervous I Failed the first time
Toke mine today and passed the Missouri portion but failed the national by 10 points will take again next week. Concentrate on your Vocabulary. Good Luck you got it
Don't give up...keep studying
@@rorvickshields9081 Keep studying... :o) Don't give up!
how did you do?
@@ravenwood5606 hi I passed the Pre licensing!
Getting ready for the real deal ! Taking the National and State soon
excellent, just what I was looking for! Thank you for your time!
Glad it was helpful!
awesome video! learned a lot
Glad it was helpful! Thanks for commenting!
You are awesome!!!!!!!!!!!!!!!!!!!! Thank you!!!!!!!
Gracias :o)
I am confused by info I have from a Fla class citing the FTC is responsible TILA enforcement. In this video you have that CFPB enfores the TILLA. What would be the differences or is my info false?
The federal trade commission act of 1914 enforces and regulates over 70 laws including the truth in lending act. The FTC shares this authority with the consumer financial protection bureau
Lending institutions lend whose credit in the extending credit word usage? Banks can’t lend “their” credit, so please explain whose credits are accessed through the social security number (flow through number to the treasury) whose credit funded the transaction?
Thanks for your comment.... that's WAY beyond what the student needs to know for the exam.... 😁
We lend the anks our credit as the living man. They eat off of us.
Question: which of the entries satisfies the requirement that an advertisement show that the broker is in real estate business?
1. J. Jones realty
2. J. Jones, real properties
3. J. Jones, real estate agency
4. J. Jones, real estate venture
That will be very state license law specific. So you will need to check your specific states license law requirements. I will say however, most states require the trade name being used to be advertised exactly as register with the state. Thank for the question....
👸phenomenal💎💎💎👏👏👏
Thank you!
So this REG Z would apply to any loan such as borrowing money to buy a car?
yes
What if the question states or offers payment to be $650 per month or less?
At 8:47 you said "hook and bait." It's "bait & hook." FYI.
Thank you, Danny for letting me know. :o)
This is an informative video however at the 11:32 second mark you incorrectly explain the right to rescind ending after three days. The right to rescind does not start until after consummation. I implorer you, the 20 some odd thousand viewers who watched this video and the 44 that left a comment to read ⭐️⭐️⭐️
12 cfr 226.23⭐️⭐️⭐️ It will only take a few moments of your time. You will then know the true amount of time a consumer has to rescind. Hint hint it's way longer than three days. It's a big secret of the lending process and it's is possible that the maker if this video was unaware of this fact. You're welcome
You're all welcome!!!!
Hi Mario... remember, this channel is for those studying for their real estate exam. I don't add more than the student needs to know to pass. In this case the student only needs to know there is a 3 day right to rescind... Going any deeper will not benefit their studies. After they get get licensed they can learn the exceptions, etc... I totally appreciate the comment :o)
re: who enforces TILA. I think Federal Trade Comission enforces TILA. CFPB just set the rules
The CFPB is the enforcement agency
Does not include cash ? Payments in what species ?
15 USC 1605; “The finance charge does not include charges of a type payable in a comparable cash transaction.”
Source: Law of Cornell
Sooo the reason for no monies in the first 3 days is for what reason, please !???? This is where we need to look, or look into....Thank you.
Because the 3 day rescind gives you a period of time to pullout of the contract if you do not wish to go through with it
Regulation Z
Regulation Z
Oh how y’all goin down😂
😁
There is no money.
The right to rescind a home equity loan within the first 3 days DOES NOT APPLY unless you are taking on new debt. Refinancing a HE loan that was at 5% to get a lower rate - you still owe the money, but now are paying a different rate. It WOULD apply if you did a cash-out refinance OR you take on a HE loan where you currently own the house free and clear of any existing mortgage.
That exception will not appear on the licensing exam... so the student must know the rule not the exception :o) Thanks Dean I appreciate the comment
Supposing you are a grantor.