1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Free_Kalibri [48]
3 years ago
7

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 juni

or deeds of trust, except where the new usury laws apply, the loan broker’s commission maximum is:
Business
1 answer:
Keith_Richards [23]3 years ago
4 0

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.

You might be interested in
The price elasticity of demand measures the:
seropon [69]

Answer:

The correct answer is letter "B": magnitude of the response in quantity demanded to a change in price.

Explanation:

Price elasticity of demand is the measure of how quantity demanded for a good or service changes as a result of changes in price. <em>Price elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price</em>. If the result is equal or greater than one (1) the good or service is elastic. If the result is lower than one (1), the product is inelastic.

7 0
3 years ago
On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the not
k0ka [10]

Answer:

The journal entry would be:

Explanation:

Note: Options are missing so providing the journal entry.

The journal entry would be for recording the collection of the note is:

October 30

Cash A/c.........................Dr      $10,150

    Interest Revenue A/c.........Cr     $150

    Notes Receivable A/c.........Cr    $10,000

On October 30, the amount is collected so the any increase in cash is debited. Therefore, cash account is debited. And it is collected against a  notes Receivable  of $10,000 so it leads to decrease in liability, it is credited. Therefore, the notes receivable is credited. And the interest revenue is credited.

5 0
3 years ago
____ includes) the application of knowledge, skills, and tools to achieve a specific business objective
nlexa [21]

<u>Project management</u> includes the application of knowledge, skills, and tools to achieve a specific business objective.

Project management refers to the use of specific knowledge, tools, skills, and techniques in order to deliver something of value to people. For instance, developing software for an improved business process, relief effort after a natural disaster, construction of a building, the expansion of sales.

Project management goals are set to achieve a specific business objective through a successful development of the project's procedures of planning, initiation, execution, regulation and closure as well as the guidance of the project team's operations.

Hence, project management achieves a specific business objective.

To learn more about project management here:

brainly.com/question/4475646

#SPJ4

4 0
1 year ago
You discovered you can deduct medical expenses over 6% of your income. Your income is $42,000, and you had medical expenses of $
strojnjashka [21]
The answer is A. 0. 6% of $42,000 is $2520. You only have $567 in medical expenses. You're expense has to be more than $2520 before you can deduct it.
4 0
3 years ago
What is one way that business writing is different from argumentative writing? A. Business writing uses a specific structure, wh
Basile [38]

Answer: I think

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • The graph shows excess demand. A graph titled Excess supply has quantity on the x-axis and price on the y-axis. A line with posi
    13·2 answers
  • Which of the following statements is true? Multiple Choice
    15·1 answer
  • To prepare a budgeted balance sheet as of December 31, 2020, data is needed from the ______ December 31, 2019. income statement
    13·1 answer
  • Which kind of norm is so deeply ingrained that the very thought of breaking it brings feelings of disgust or horror?
    15·1 answer
  • Real consequences—rewards and punishments that arise from using a tactic or not using it—should not only motivate a negotiator's
    10·1 answer
  • Fern Corporation manufacturers a single product that has a selling price of $25.00 per unit. Fixed expenses total $50,000 per ye
    8·1 answer
  • Pat and Gerard met each other for the first time in a business meeting. As a conversation starter, they shared factual and stati
    7·1 answer
  • Nori is writing an essay to analyze an advertisement for a piece of athletic equipment. What elements should he include in order
    7·2 answers
  • In the context of the elements of scientific management, time and motion studies focus on: group of answer choices designing dif
    7·1 answer
  • how much of a stock's $30 price is reflected in pvgo if it expects to earn $4 per share, has an expected dividend of $2.50, and
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!