TEXAS REAL ESTATE FINANCE FINAL SOLUTION
BUNDLE 2026 SOLVED QUESTIONS WITH
CORRECT ANSWERS 100% ACCURATE
◉ Which Texas agency licenses, regulates, and examines the trust- and
insurance-funded prepaid funeral contract sellers? Answer: TExas
department of banking
◉ The Tax Reform Act of 1986 established an entity that can issue
multiclass securities. What is this entity called? Answer: REMIC
◉ What is the main advantage of a single-family home investment over
other real estate investments? Answer: liquidity
◉ Who is the person who grants approval for the loan, rejects the loan,
or in some cases, agrees to approve the loan if certain conditions are
met? Answer: underwriter
◉ Which of the following statements is not true about a note? Answer: a
note must be tied to a mortgage to be legal
◉ What percent of the REIT's assets must be made up of cash, real
estate, mortgage notes, or government securities? Answer: 75
◉ Mary is getting a $120,000 loan at 6.5 percent and will pay 3 discount
points. What will the effective interest rate be? Answer: .06875
, ◉ How is the payoff of a construction loan normally accomplished?
Answer: with a takeout loan
◉ Which type of property is most benefited by the income capitalization
approach to estimating value? Answer: apartment building
◉ Which statement is not true about the Farm Credit System? Answer:
FCS banks lend money from their deposits
◉ In Texas, what is the maximum late payment penalty allowed?
Answer: no restrictions
◉ With which kind of lease does the tenant not know the actual change
in the rent amount in advance? Answer: indexed
◉ What is the term used for an agreement between the borrower and a
permanent lender relative to future delivery of a takeout loan upon
completion of construction? Answer: take-out commitment
◉ Alex bought a property valued at $850,000 which has an annual net
operating income of $102,500. What is the capitalization rate? Answer:
.12
◉ RESPA applies to which of these? Answer: First mortgage on a
single-family home
BUNDLE 2026 SOLVED QUESTIONS WITH
CORRECT ANSWERS 100% ACCURATE
◉ Which Texas agency licenses, regulates, and examines the trust- and
insurance-funded prepaid funeral contract sellers? Answer: TExas
department of banking
◉ The Tax Reform Act of 1986 established an entity that can issue
multiclass securities. What is this entity called? Answer: REMIC
◉ What is the main advantage of a single-family home investment over
other real estate investments? Answer: liquidity
◉ Who is the person who grants approval for the loan, rejects the loan,
or in some cases, agrees to approve the loan if certain conditions are
met? Answer: underwriter
◉ Which of the following statements is not true about a note? Answer: a
note must be tied to a mortgage to be legal
◉ What percent of the REIT's assets must be made up of cash, real
estate, mortgage notes, or government securities? Answer: 75
◉ Mary is getting a $120,000 loan at 6.5 percent and will pay 3 discount
points. What will the effective interest rate be? Answer: .06875
, ◉ How is the payoff of a construction loan normally accomplished?
Answer: with a takeout loan
◉ Which type of property is most benefited by the income capitalization
approach to estimating value? Answer: apartment building
◉ Which statement is not true about the Farm Credit System? Answer:
FCS banks lend money from their deposits
◉ In Texas, what is the maximum late payment penalty allowed?
Answer: no restrictions
◉ With which kind of lease does the tenant not know the actual change
in the rent amount in advance? Answer: indexed
◉ What is the term used for an agreement between the borrower and a
permanent lender relative to future delivery of a takeout loan upon
completion of construction? Answer: take-out commitment
◉ Alex bought a property valued at $850,000 which has an annual net
operating income of $102,500. What is the capitalization rate? Answer:
.12
◉ RESPA applies to which of these? Answer: First mortgage on a
single-family home
