Principles of Real Estate Exam With 100% Correct Answers

Principles of Real Estate Exam With 100% Correct Answers The appraised value of a property is: (a) The sale price (b) An opinion of value (c) A market analysis (d) The market value of a property - answerB For tax purposes the _______ is determined by the taxing authority. (a) assessed value (b) appraised value (c) market price (d) investment value - answerA In the appraisal report, the property being appraised is referred to as the _________ property. (a) Target property (b) Comparable property (c) Sold property (d) Subject property - answerD To satisfy an unpaid promissory note, ________ is the legal procedure whereby the secured property may be sold. (a) underwriting (b) processing (c) foreclosure (d) regulation of lenders - answerC Since they are responsible for enforcing federal consumer financial law, the Consumer Financial Protection Bureau id responsible for the enforcement of which of the following? (a) The Real Estate Settlement Procedures Act (b) The Fair Credit Reporting Act (c) The Truth In Lending Act (d) All of the above - answerd The investors assign large blocks of loans into _______ as collateral to back mortgage-backed securities. (a) originations (b) warehouse lines of credit (c) bonds (d) loan pools - answerD Located in between incompatible uses, a _______ is an area of land separating one land use from another, such as residential from c