Chapter 16 Zoning and Planning, Subdividing Land and Special Issues.
Describe the requirements for handling an interest bearing escrow account. Describe the major sections of the HUD-1 settlement statement. Describe the procedure for handling postdated checks.
Describe purpose and requirements of the No Brokerage Relationship Notice. Understand The National Priorities List's purpose and use. Explain the important parts of the marketing process. Describe the process used to estimate the after tax equity reversion. Describe the requirements for handling advance fees. Know when a development of regional impact review is needed. Describe the difference between simple interest and add-on interest.
Describe the requirements for maintaining escrow records. Describe the characteristics of a planned unit development. Distinguish among the various appraisal principles. Understand which lease forms licensees may complete. Distinguish between voluntarily and involuntarily inactive statuses.