In order to qualify to take the national and state exam to obtain a MLO endorsement to a real estate license, the applicant must first complete
A. 90 hours of BRE approved mortgage education.
B. 20 hours of NMLS approved mortgage education.
C. Exam prep crash course.
D. Four years of mortgage experience.
Answer: B. 20 hours of NMLS approved mortgage education.
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Tim-Tom Corporation receives an invoice stating that the company will receive 1 percent discount if it pays within ten days. If the company is unable to pay within ten days, Tim-Tom has to pay the full amount within 35 days from invoice date. Which of the following clearly indicates the above terms on the invoice received by Tim-Tom?
a. 35/10 n/1 b. 10/2 n/35 c. 10/1 n/35 d. 1/10 n/35 e. 2/10 n/45
In a geographic structure, the corporate headquarters retains responsibility for worldwide planning and control
Indicate whether the statement is true or false