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Oregon Real Estate Exam — Deck 6: Finance & Closing Essentials | Questions with 100% Correct Answers | Verified | Latest Update 2026/2027

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Oregon Real Estate Exam — Deck 6: Finance & Closing Essentials | Questions with 100% Correct Answers | Verified | Latest Update 2026/2027

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Oregon Real Estate Exam — Deck 6:
Finance & Closing Essentials | Questions
with 100% Correct Answers | Verified |
Latest Update 2026/2027

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Practice questions for this set


Learn 1 /7 Study using Learn




Buyer's deposit showing good faith to complete a purchase; held
in escrow until closing.



Choose an answer



1 Acceleration Clause 2 Earnest Money



Annual Percentage Rate
3 Closing 4
(APR)

, Don't know?




Terms in this set (82)



Acceleration Clause Loan clause allowing the lender to
demand full repayment if the borrower
defaults.


Adjustable-Rate Mortgage Loan with an interest rate that changes
(ARM) based on an index; includes caps and
adjustment periods.


Alienation Clause "Due-on-sale" clause requiring loan
payoff if the borrower transfers property
without lender consent.


Amortization Gradual repayment of a loan through
scheduled installments of principal and
interest.


Annual Percentage Rate (APR) True cost of borrowing including interest
and loan fees, expressed as a yearly rate
under Truth in Lending Act (TILA).


Assumption of Mortgage Buyer takes over seller's existing loan and
becomes personally liable for repayment.

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