MUST KNOW Test Questions - Lending Legislation, Usury Laws, Regulation Z, Truth In Lending, RESPA

[@bahiyamarshall1287]

Mr. Goforth, I would like to thank you for your wealth of knowledge. I listened to your videos for two weeks, took notes, and studied. Today I passed my real estate exam on the first try!!!

[@jonathangoforthshow7427]

That’s awesome! Congratulations!!!

[@thomasg2072]

What state

[@kimberlywhite7065]

Congratulations!!

[@nattya9467]

I appreciate how you break everything down and explain instead of just brushing over the terms like other prep videos on youtube. Ty!!!

[@jenalynhowes256]

I passed my exam 6/28/24 🎉 I wish I found your videos sooner! Thank you for explaining all this in ways I could understand 😊

[@jonathangoforthshow7427]

CONGRATULATIONS!

[@Lavendergurlie96]

On 9/17/24 which was two days ago I finally passed my exam on the 5th try😅🎉. I watched this video the night before for the billionth time. Thank so so so much for your content. I really appreciate you. Don’t give up guys!!!

[@jonathangoforthshow7427]

Wonderful news! CONGRATULATIONS!

[@user-cg7jp7jt4v]

What did you struggle with most?

[@dtl]

I passed yesterday! Thank you for the videos. BIG help!! Now working for a commercial broker in Grand Rapids Michigan. I still have a lot to learn. Starting over at 50 was never the plan but here we are. Great content on this channel!!

[@jonathangoforthshow7427]

That’s awesome! Congratulations!!!

[@DanielaBoard72]

Me too. Just now starting at 50 and looking forward to passing my test.

[@dtl]

@@DanielaBoard72 awesome!!

[@enchiladasqueretanas]

50 is the perfect age! My daughter’s boss is a 96 year old lawyer, and he loves his job! We are young!

[@dtl]

@@enchiladasqueretanas thank you! Needed that.

[@PrincessP-n4m]

Making this post is just simply not enough to show my gratitude for all the You Tube videos providing test questions, vocabulary with comparisons and scenarios to understand the Real Estate content presented on the MS State and National exam. Today, I passed my National exam!! Thank you, Jonathan! I wish someone would’ve told me about your platform in July 2024!!

[@jonathangoforthshow7427]

You are so nice! Thank you for your message! CONGRATULATIONS!

[@OriginalGoddess111]

Thank you so much Jonathan!!! I watched a bunch of your videos for only a few days and today I took my Real Estate Exam for the 1st time and PASSED!!! I’m so grateful for your content it really gave me what I needed right before my exam. Thank You Again…🥰💜

[@jonathangoforthshow7427]

I'm really excited for you! Congratulations!

[@MelvaGalaviz]

Mr. Goforth I PASSED my exam today! Thank you so much for these videos! They helped me out so so much😊 I will now start watching your videos on how to become a successful realtor 🙌

[@jonathangoforthshow7427]

Congratulations!

[@PrincessP-n4m]

Thank you, Thank you, Thank you! With continuous review, listening to your endless list of KZbin videos and practicing math questions, I passed my national real estate exam today!

[@jonathangoforthshow7427]

Awesome! Congratulations!

[@cathyhamilton7854]

And I have learned a lot more from you than even what I did my school. I took 360 learning. What a crock that was. 68 courses 7 math courses. All the people in the office where i work said OMG how did you end up in 68 courses. Half of the stuff they crammed in my head is useless. Thanks for your videos.

[@jonathangoforthshow7427]

Thank you!

[@tomkellner6786]

Take the exam again Friday! I’ve gotten a 60% on the national so hoping this is my time to get that 70%!

[@lucindasmusic6882]

Thank you for your help! I PASSED MY EXAM!!

[@jonathangoforthshow7427]

Congratulations!

[@Will-fy5in]

I saw your videos and just took and PASSED my exam. At least 7 questions were almost IDENTICAL to your practice questions. THANK YOU

[@jonathangoforthshow7427]

Wonderful news! CONGRATULATIONS!

[@bby.e21]

how many vids did u watch

[@Gr8greeneyes99]

Mr Goforth, your videos are a valuable source of information! You helped me PASS my exam yesterday! I’m so happy and grateful for all of your videos….! Thanks for your support and encouragement that you have always provided in your great videos! You teach in a comforting and cheerful manner!

[@jonathangoforthshow7427]

That’s awesome! Congratulations!!!🎈🎊🎉

[@angelorosado2579]

Mr. Goforth I'm taking the test Saturday and you have been a big help with all your videos. Thank you.

[@tatita3126]

Thank you so much! You helped me pass and feel confident on this he exam! I passed state first, and national from second attempt yesterday! Yay 😃

[@jonathangoforthshow7427]

Great job! CONGRATULATIONS!

[@s_beene2708]

You are the best! I wish I would have found you sooner. I’m learning so much from you and I like the fact that you don’t drag these very informative videos out. Thank you! Continue making these videos ❤

[@jackienguye]

passed my CA exam today! Thank you so much!🎉 moving on with my life…😊

[@jonathangoforthshow7427]

That's awesome! Now you can begin making lots of $ as a real estate agent. BEST CAREER EVER!

[@jackienguye]

@@jonathangoforthshow7427 thank you if you’re in CA I come to work with your team! Lol

[@ABarragn]

Thank you for such great tutorials, you are the best!

[@sheilaharris1579]

Mr. Goforth, Thank you much for these videos! A wealth of knowledge, very easy to understand, it really helps me to remember!!!!! I couldn't seem to retain the information before. After reading everything, I would forget when taking a practice test. It was so bad I was really to give up!!!!!!!!!!!!!!!! Thank you for making so much easier.

[@jonathangoforthshow7427]

Thank you for the kind words!

[@andrikguardado6705]

I passed thank you so much

[@jonathangoforthshow7427]

Awesome! Congratulations!

[@Jojotrin]

Very clear teaching thank you

[@adrianagonzalez2341]

I’m taking my exam in Indiana tomorrow and I’ll be back to say I passed :)) wish me luck! Thanks for these videos it’s packed with lots of great info and straight to the point.

[@jonathangoforthshow7427]

That’s exciting! Yes, that would be great to announce on here that you have passed. It’s a fun way to celebrate.

[@samhuang1364]

Thank you so much, I just passed the test.

[@jonathangoforthshow7427]

Congratulations!

[@RonHyman]

Thank you for all the wonderful videos. Unless I am missing something here, I need to ask why you didn’t spread out the $4k in closing fees over the life of the loan. Assuming a 30 year mortgage, spreading the $4k over 30 years results in adding $133 per year to the $6k in interest, yielding an APR of 6.13%, very different from the 10% you show.

[@jonathangoforthshow7427]

In a real scenario yes a buyer would probably build that cost into the loan, good thinking! but this was a test question somebody had seen on the exam so I printed it like that to study from.

[@iqbalhassan246]

Mr goforth Ur happy presentation is awesome I m following as much as I can before exam in NY It is so detailed and explanatory Thank u for doing great videos

[@Gabbyp1118]

I passed my exam today on my the 3rd try in Texas! Thank you soooo much for these videos they truly did help!!

[@jonathangoforthshow7427]

That’s awesome! Congratulations!!!

[@melissalynn3132]

I failed my Texas exam 4 days ago. Can you advise which channels you watched to help study for the state portion?

[@brittneymobley1443]

Thank you so much for making these videos. It's so much information to take in and read and these are helping me significantly!

[@sanjivkumar4783]

I passed , really appreciate the helpful tips 😊

[@jonathangoforthshow7427]

That's great! CONGRATULATIONS!

[@KarenGregoryk]

Thank you for explaining APR!

[@danwhite2719]

I have learned so much from your videos!

[@SonyaGutierrez-g9l]

These videos have helped me so much , I needed someone to to give me concepts 🎉

[@raiyahmarieb.msc.5406]

Watched this video a couple times already. Thank you for the help. I liked and subscribed 🎉

[@videocopy1]

Thank you Jonathan, just pass my national test.

[@jonathangoforthshow7427]

Congratulations!

[@enchiladasqueretanas]

May the universe rewards you for sharing your knowledge!

[@jonathangoforthshow7427]

Thank you!

[@olgazhunio4780]

I love your explanation ❤ good bless you thanks for sharing your knowledge

[@21bhellraizer]

PASSED!!! Wooooo!

[@jonathangoforthshow7427]

Awesome! Congratulations!!!🎈🎊🎉

[@tamaramoon7549]

These videos are amazing and very helpful!!!!! Thank you so much!!! I take my national again on the 23rd of this month.

[@jonathangoforthshow7427]

Thanks!

[@peach_vr343]

Great smile, thanks for all the help. :)

[@jonathangoforthshow7427]

Thank you!

[@lailamarji7825]

You are a great teacher and you’re funny 😂

[@jonathangoforthshow7427]

Thank you!

[@enchiladasqueretanas]

Thank you so much! I love learning with your videos! They really helped me!

[@jonathangoforthshow7427]

Thanks so much!

[@melissalynn3132]

Hi there! I took my exam 4 days and failed National by 3 points and state by 2 points. I’ve mainly studied here on KZbin but am feeling good about your videos and your technique of teaching. I am in Texas and having a hard time finding good channels to watch for the state portion. I felt my state was harder than national. Any advice? Thanks for all your videos and also for making them shorter than most😂

[@jonathangoforthshow7427]

You were so close to passing! Just keep reviewing questions and go take the exam again quickly. I bet you pass this next time.

[@whitneyburse3795]

Thank you

[@jackienguye]

Love your teaching very easy to understand!

[@jonathangoforthshow7427]

Thank you!

[@danwhite2719]

Your videos are great!

[@christinegiddings8639]

I passed!!! Thank you.

[@jonathangoforthshow7427]

Awesome! Congratulations!

[@denisehiggins6551]

THANK YOU SO MUCH

[@noah6785]

Thank you!

[@valdomirobatistadossantosb739]

Congratulation girl

[@keneildowner1349]

I Passed!

[@jonathangoforthshow7427]

Awesome! Congratulations!!!

[@kimberlylewis8897]

SCREEN SHOT THIS! RETESTING TUESDAY.

[@twiix29]

these vids have been so helpful ! but are these general to all states ? i’m in New York and know the tests specifies which state you’re trying to be licensed

[@jonathangoforthshow7427]

All of these questions are good in all 50 states. So yes, you will see questions like these on the New York exam. Thanks!

[@twiix29]

@@jonathangoforthshow7427 thank youuu

[@TheMostSuccessfulPeopleWereInB]

Wow this video is great! so easy to understand

[@bruinprideforever5666]

Excellent video!

[@donaldclifford5763]

So Apr only accounts for the first year, when points and fees are paid, or is it amortized over the term of the loan?

[@jonathangoforthshow7427]

points and fees are paid up front as closing costs to be paid at closing. and not amortized into the loan. but those are still figured into the APR. and that's why the APR is higher than what their actual interest rate is. so the APR includes the rate plus the upfront costs paid at closing

[@ginastevenson9640]

good video

[@chrisbalog]

Thank you so much I have been in my ourse going over the material confused... Watched this twice and boom on to the next unit!!! You are so knowledgeable and break it down to get it to stick. I really appreciate you! Studying for KY 😀

[@jjack010]

Have you taken your test yet? I'm in Kentucky also.

[@chrisbalog]

@@jjack010 yes I took it last week Tuesday and I passed.... All the stress all the pressures over now it's slow start of ramping it all up at least that's what I'm coming to find out I don't have any listings and it's a slow go so far.

[@jjack010]

@@chrisbalog congratulations on passing. I take my test tomorrow. What area in Kentucky are you in?

[@chrisbalog]

@@jjack010 thank you so much you got this tomorrow.

[@chrisbalog]

@@jjack010 just outside Louisville

[@leewerner4831]

Does the Apr change after the first year when the loan origination fee is paid off?

[@jonathangoforthshow7427]

no. It's only calculated at the beginning to figure in those costs. other things that will affect the loan later would be making extra payments towards principal that affects the overall total interest, and some loans are started as an ARM, so those will adjust when the ARM expires and the rate adjusts (could be 3-yr ARM or 5 or 10yr ARM) and so the APR doesn't get changed based on those changes along the way either. so we only use the APR in the beginning for a lender to disclose.

[@robertlopez9706]

Is this good for all states??

[@jonathangoforthshow7427]

Yes. this is good for all 50 states.

[@Yuliana_lisova]

APR paid only one time at the closing, isn’t it? Why it called annual?

[@jonathangoforthshow7427]

It's based on the "annual rate" plus costs, so they just call it "APR". It gets confusing but it's a good topic to know because your clients will ask why the APR is higher than their actual rate. and it's because it adds in all the costs to obtain the loan.

[@JoeSlevin37]

Just passed my NJ RE Exam thank you !!🫡

[@jonathangoforthshow7427]

Awesome! CONGRATULATIONS!

[@TheCortezz1904]

🦁

[@Adrianasellingportland]

😀😀😀

[@cathyhamilton7854]

I don't understand in real estate you have two words for every meaning. Why make it so hard???

[@jonathangoforthshow7427]

yea it's definitely complicated. so much material to learn.

[@guvenbedir-ip2hv]

And most of these information would never be used in your real estate career. Shame.

[@user-zero50]

There are other commision careers

[@shothao-fw9uf]

Thank you