REAL ESTATE FINANCE 2026 NEWEST
PRACTICE EXAM WITH COMPLETE
QUESTIONS AND CORRECT ANSWERS
GRADED A+
A current medium of exchange collectively in the form of coins
and banknotes.
Trusts
Securities
Money
Bonds Correct Answer Money
In the United States, money is controlled by the ____________.
Congress
Wall Street
Banks
The Federal Reserve Correct Answer The Federal Reserve
_______________ are the amount of funds that a depository
institution must hold in reserve against specified deposit liabilities.
,FDIC
Reserve requirements
Discount requirements
None of the above Correct Answer Reserve requirements
A __________ is a permanent change in one or more of the terms
of a borrower's loan.
Loan Qualification
Loan Modification
Loan Approval
Loan Origination Correct Answer Loan Modification
What time period must borrowers have in job history with the
same employer to qualify?
2 months
6 months
1 year
2 years Correct Answer 2 years
Unscrupulous actions carried out by a lender to entice, induce
and/or assist a borrower in taking a mortgage that carries high
, fees, a high interest rate, strips the borrower of equity, or places
the borrower in a lower credit rated loan to benefit the lender.
Predatory lending
Sub prime Mortgage
Participation Agreement
Fraud Correct Answer Predatory lending
Why do lender care about unpaid taxes?
They want to ensure your mortgage payment is not late
It makes the loan difficult to sell in the secondary market
Unpaid property taxes are a superior lien to the right of the lender
Lenders don't care about unpaid taxes Correct Answer Unpaid
property taxes are a superior lien to the right of the lender
A burden, obstruction, or impediment on the property that lessens
its value or makes it less marketable.
Lien
Interest
Encumbrance
Mortgage Correct Answer Encumbrance
PRACTICE EXAM WITH COMPLETE
QUESTIONS AND CORRECT ANSWERS
GRADED A+
A current medium of exchange collectively in the form of coins
and banknotes.
Trusts
Securities
Money
Bonds Correct Answer Money
In the United States, money is controlled by the ____________.
Congress
Wall Street
Banks
The Federal Reserve Correct Answer The Federal Reserve
_______________ are the amount of funds that a depository
institution must hold in reserve against specified deposit liabilities.
,FDIC
Reserve requirements
Discount requirements
None of the above Correct Answer Reserve requirements
A __________ is a permanent change in one or more of the terms
of a borrower's loan.
Loan Qualification
Loan Modification
Loan Approval
Loan Origination Correct Answer Loan Modification
What time period must borrowers have in job history with the
same employer to qualify?
2 months
6 months
1 year
2 years Correct Answer 2 years
Unscrupulous actions carried out by a lender to entice, induce
and/or assist a borrower in taking a mortgage that carries high
, fees, a high interest rate, strips the borrower of equity, or places
the borrower in a lower credit rated loan to benefit the lender.
Predatory lending
Sub prime Mortgage
Participation Agreement
Fraud Correct Answer Predatory lending
Why do lender care about unpaid taxes?
They want to ensure your mortgage payment is not late
It makes the loan difficult to sell in the secondary market
Unpaid property taxes are a superior lien to the right of the lender
Lenders don't care about unpaid taxes Correct Answer Unpaid
property taxes are a superior lien to the right of the lender
A burden, obstruction, or impediment on the property that lessens
its value or makes it less marketable.
Lien
Interest
Encumbrance
Mortgage Correct Answer Encumbrance
