RLE 83 Final Prep Ch 4

RLE 83 Final Prep Ch 4

Assessment

Flashcard

Other

University

Practice Problem

Hard

Created by

Wayground Content

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10 questions

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1.

FLASHCARD QUESTION

Front

A trust that invests in both mortgages and real property equities is known as

Back

balanced trust.

2.

FLASHCARD QUESTION

Front

Syndicates are most often formed as

Back

limited partnerships.

3.

FLASHCARD QUESTION

Front

Bonds backed by a mortgage on a specific property are

Back

secured bonds.

4.

FLASHCARD QUESTION

Front

Bonds are rated according to their issuer’s

Back

financial security.

5.

FLASHCARD QUESTION

Front

Mortgage revenue bonds are used to benefit

Back

first-time homeowners.

6.

FLASHCARD QUESTION

Front

Individual lenders on real estate primarily make

Back

junior loans.

7.

FLASHCARD QUESTION

Front

All of the following statements are general characteristics of mortgage brokers except that: fees are charged to borrowers; loan payments are made directly to lenders; they qualify borrowers.

Back

they use their own capital to create new loans.

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