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Worksheets

2/26/2018

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Where can you find supply & demand info on MLS

a)

Hot sheets

b)

Absorption Report

c)

Area Statistics

d)

Archive

2.

Where can you find a details flood map?

a)

RPR

b)

GSMLS

c)

REALIST

d)

COUNTY RECORDS

3.

When should you order a title search on a short sale?

a)

Before making an offer

b)

After attorney review

c)

After the home inspection

d)

After you get a commitment

4.

Who pays the transfer tax in a sheriff sale?

a)

Buyer

b)

Sheriff

c)

Bank

d)

Foreclosure Attorney

5.

How long is the redemption period in a sheriff sale?

a)

10 days

b)

1 year

c)

6 months

d)

5 business days

6.

When can schedule a closing?

a)

After the commitment is issued

b)

When the buyer is ready

c)

3 days after the preliminary closing disclosure is signed

d)

After seller moves out

7.

Which program does not allow for the buyer to no money out of pocket?

a)

VA

b)

USDA

c)

FHA

d)

Homestyle

8.

When should an exclusive / non exclusive buyer's agreement be signed?

a)

At the time the contract is singed

b)

At the initial meeting

c)

When you find the right property

d)

After the home is out of attorney review

9.

What does D.U mean when it comes to mortgages? And who uses it?

a)

Desktop Underwriter / Fannie Mae

b)

Desktop Underwriter / Freddie Mac

c)

Denied Unconditionally / Ginnie Mae

d)

Denied Unconditionally / FHA

10.

How much money did Luis Leiva make his 1st year in Real Estate?

a)

$124,000

b)

$15,000

c)

$20,000

d)

$73,000