WGU D363 Exam
Practice Questions
and Correct Detailed
Answers Latest
Update This Year
What is this individual's net worth?
A) $172,500
B) $247,000
C) $279,500
D) $418,500
A) $172,500
An individual's home is currently worth
$400,000. The house's value
undergoes deflation of 4.2% after one
year.
1
,What will the home's value be on the
individual's updated balance sheet
(asset and liability summary)?
A) $232,000
B) $383,200
C) $397,500
D) $416,800
B) $383,200
The value of a home was $350,000.
Thanks to a robust economic cycle,
the value of homes has risen an
average of 8%.What is the current
value of this home?
A) $364,000
B) $378,000
C) $385,000
D) $630,000
B) $378,000
2
,How do tenant rights grant protection
for tenants who have reported a
landlord for numerous building code
violations?
A) By preventing retaliatory actions
B) By ensuring habitability of property
C) By reimbursing for making repairs
D) By creating a process for
grievances
A) By preventing retaliatory actions
An individual has purchased a
foreclosed home but is concerned that
previous owners will overturn the
foreclosure and claim the right to take
back ownership of the property.
Which type of insurance should this
individual consider?
A) Mortgage insurance
B) Title insurance
3
, C) Home warranty insurance
D) Private mortgage insurance
B) Title insurance
Which goal would lead an individual to
choose a fixed mortgage over an
adjustable mortgage?
A) The monthly payment will be less.
B) The payment will remain the same.
C) The interest rate may decrease.
D) The fees will be lower.
B) The payment will remain the same.
An individual recently purchased a
home and would like to have a
payment schedule that details the
amount paid toward interest and the
principal.
Which type of payment schedule
should be considered?
A) Add-on interest method
4
Practice Questions
and Correct Detailed
Answers Latest
Update This Year
What is this individual's net worth?
A) $172,500
B) $247,000
C) $279,500
D) $418,500
A) $172,500
An individual's home is currently worth
$400,000. The house's value
undergoes deflation of 4.2% after one
year.
1
,What will the home's value be on the
individual's updated balance sheet
(asset and liability summary)?
A) $232,000
B) $383,200
C) $397,500
D) $416,800
B) $383,200
The value of a home was $350,000.
Thanks to a robust economic cycle,
the value of homes has risen an
average of 8%.What is the current
value of this home?
A) $364,000
B) $378,000
C) $385,000
D) $630,000
B) $378,000
2
,How do tenant rights grant protection
for tenants who have reported a
landlord for numerous building code
violations?
A) By preventing retaliatory actions
B) By ensuring habitability of property
C) By reimbursing for making repairs
D) By creating a process for
grievances
A) By preventing retaliatory actions
An individual has purchased a
foreclosed home but is concerned that
previous owners will overturn the
foreclosure and claim the right to take
back ownership of the property.
Which type of insurance should this
individual consider?
A) Mortgage insurance
B) Title insurance
3
, C) Home warranty insurance
D) Private mortgage insurance
B) Title insurance
Which goal would lead an individual to
choose a fixed mortgage over an
adjustable mortgage?
A) The monthly payment will be less.
B) The payment will remain the same.
C) The interest rate may decrease.
D) The fees will be lower.
B) The payment will remain the same.
An individual recently purchased a
home and would like to have a
payment schedule that details the
amount paid toward interest and the
principal.
Which type of payment schedule
should be considered?
A) Add-on interest method
4
