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451 Real Estate Finance - Lesson 1 Exam UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

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451 Real Estate Finance - Lesson 1 Exam UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS When the supply of real estate exceeds the demand for real estate, what happens to prices? - CORRECT ANSWER Decrease What do lenders NOT consider when qualifying a buyer for a loan? - CORRECT ANSWER Number of children Which of the following statements about property tax exemptions is TRUE? - CORRECT ANSWER They decrease the value on which the owner will be taxed. Which of the following factors does NOT affect the price of real estate? - CORRECT ANSWER Global warming Why does the lender evaluate the buyer's credit? - CORRECT ANSWER lender's risk To help to limit the Texas offers tax exemptions for all of the following EXCEPT: - CORRECT ANSWER Property owned by low income families How does the government influence the price of real estate? - CORRECT ANSWER money, interest rates, and taxes Supply of Increases in the cost of financing, cost of construction, and land values can cause the price of real estate to __________. - CORRECT ANSWER Increase What do lenders qualify in addition to qualifying a buyer? - CORRECT ANSWER Property

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451 Real Estate Finance - Lesson 1 Exam
UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
When the supply of real estate exceeds the demand for real estate, what happens to prices? -
CORRECT ANSWER Decrease



What do lenders NOT consider when qualifying a buyer for a loan? - CORRECT ANSWER
Number of children



Which of the following statements about property tax exemptions is TRUE? - CORRECT ANSWER
They decrease the value on which the owner will be taxed.



Which of the following factors does NOT affect the price of real estate? - CORRECT ANSWER
Global warming



Why does the lender evaluate the buyer's credit? - CORRECT ANSWER To help to limit the
lender's risk



Texas offers tax exemptions for all of the following EXCEPT: - CORRECT ANSWER
Property owned by low income families



How does the government influence the price of real estate? - CORRECT ANSWER Supply of
money, interest rates, and taxes



Increases in the cost of financing, cost of construction, and land values can cause the price of real
estate to __________. - CORRECT ANSWER Increase



What do lenders qualify in addition to qualifying a buyer? - CORRECT ANSWER Property

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