Real Estate Finance 1-7 Quiz

Real Estate Finance 1-7 Quiz

12th Grade

20 Qs

quiz-placeholder

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Real Estate Finance 1-7 Quiz

Real Estate Finance 1-7 Quiz

Assessment

Quiz

Specialty

12th Grade

Medium

Created by

James Marshall

Used 66+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the supply of real estate exceeds the demand for real estate, prices:

Decrease

Increase

Stagnate

Are Not Affected

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tax exemptions are offered for all of the following EXCEPT:

Vacation Homes

Homestead Property

Seniors

Disabled

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the Federal Deposit Insurance Corporation (FDIC) preserve public confidence in the banking system?

by insuring bank deposits

by forgiving debts

by improving consumer credit scores

by pre-qualifying consumers for loans

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What program supports the purchase of land by veterans in Texas?

Texas Veterans Land Board Program

Texas Agricultural Money Program

Texas Farm Program

Texas Farmer Mac Program

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is prohibited by RESPA from accepting fees for making referrals?

Lenders

RE Agents

Title Agents

All Choices are correct

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Truth in Lending Act intended to ensure?

that consumers are able to compare credit terms

that credit terminology is unique to each lender

that a lawyer is required to explain credit terms

that creditors use a different expression of rates for each loan

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The type of mortgage originator that brings borrowers and lenders together, but who has NO money to lend is the:

mortgage broker

mortgage banker

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