Michigan Real Estate Exam Study

Front 1

MLS

Back 1

Multiple Listing Service

Front 2

ECOA

Back 2

Equal Credit Opportunity Act

Hint 2

Dealing with financial rights

Front 3

MIP

Back 3

Mortgage Insurance Premium

Front 4

DEQ

Back 4

Department of Environmental Quality

Front 5

PMI

Back 5

Private Mortgage Insurance

Front 6

CV

Back 6

Cash Value

Front 7

NAR

Back 7

National Association of Realtors

Front 8

EIS

Back 8

Environmental Impact Statement

Front 9

NFHA

Back 9

National Fair Housing Alliance

Front 10

MSDA

Back 10

Michigan Seller Disclosure Act

Front 11

HELOC

Back 11

Home Equity Line of Credit

Hint 11

A type of credit

Front 12

LE

Back 12

Loan Estimate

Hint 12

Dealing with guessing

Front 13

BPO

Back 13

Broker Price Opinion

Hint 13

Giving your thoughts on amount

Front 14

CD

Back 14

Closing Disclosure

Front 15

APR

Back 15

Annual Percentage Rate

Hint 15

Yearly amount

Front 16

LARA

Back 16

Licensing and Regulatory Affairs

Hint 16

Oversees Professionals Licensing

Front 17

FNMA

Back 17

Federal National Mortgage Association

Hint 17

Fannie Mae

Front 18

TRID

Back 18

Truth in Leading RESPA Integrated Disclosures

Hint 18

Truth Disclosure

Front 19

FHLMC

Back 19

Federal Home Loan Mortgage Corporation

Hint 19

Freddie Mac

Front 20

FSBO

Back 20

For Sale Buy Owner

Front 21

ADA

Back 21

Americans with Disabilities Act

Hint 21

Dealing with handicaps rights

Front 22

UST

Back 22

Underground Storage Tank

Hint 22

Underneath

Front 23

MAI

Back 23

Member Appraisal Institute

Hint 23

Group of Estimate School

Front 24

EMF

Back 24

Electro Magnetic Field

Hint 24

Electricity cause this

Front 25

CMA

Back 25

Competitive Market Analysis

Hint 25

Rival breakdown

Front 26

FHA

Back 26

Fair Housing Act

Federal Housing Administration

Hint 26

Dealing with housing rights

Front 27

RAM

Back 27

Reverse Annuity Mortgage

Hint 27

Backwards loan

Front 28

ARM

Back 28

Adjustable Rate Mortgage

Hint 28

A moving Loan

Front 29

USPAP

Back 29

Uniform Standards Professional Appraisal Practice

Front 30

EMD

Back 30

Earnest Money Deposit

Hint 30

Holding of Funds

Front 31

HUD

Back 31

Housing and Urban Development

Front 32

TIL

Back 32

Truth in Leading

Hint 32

Honest giving

Front 33

CFPB

Back 33

Consumer's Financial Protection Bureau

Front 34

PUD

Back 34

Planned Unit Development

Front 35

LTV

Back 35

Loan to Value

Front 36

DUST

Back 36

Demand Utility Scarcity and Transferability

Front 37

RESPA

Back 37

Real Estate Statement Procedure Act

Front 38

PA

Back 38

Purchase Agreement

Hint 38

Document used to buy property

Front 39

VA

Back 39

Veterans Administration

Front 40

BEA

Back 40

Baseline Environmental Assessment

Front 41

CPM

Back 41

Certified Property Manager

Front 42

PITI

Back 42

Principal Intrest taxes and Insurance

Hint 42

Pitty the Fool

Front 43

NOI

Back 43

Net Operating Income

Front 44

GRM

Back 44

Gross Rent Mulitplier