Principles of Real Estate 2 Exam With 100% Correct Answers 2024

Principles of Real Estate 2 Exam With 100% Correct Answers 2024 The organization that has been most influential in addressing regional imbalances of mortgage credit availability and in the standardization of mortgage loans is: - answerFannie Mae Fannie Mae began in ________ as an agency of the federal government, created to bring stability to the U.S. housing market. - answer1938 Which federal law prohibits discrimination in any aspect of a credit transaction? - answerEqual Credit Opportunity Act The quarterly interest payment on a loan is $3,600. The interest rate is 6%. What is the loan amount? - answer$240,000 All of the following are requirements of a valid lease EXCEPT: a. Competent Parties b. Agreement to let and take c. Adequate consideration d. Recording - answerd. Recording Appraiser must be aware of: - answerMarket cycles, economic forces and political actions A Residential Mortgage Loan Originator must be licensed with the: - answerTexas Department of Savings and Mortgage Lending Recording a deed gives constructive notice of ownership. What other action below gives constructive notice of ownership? a. Securing a voter's registration card with that address b. Moving in or taking possession of the property c. Stating the address on your driver's license d. Arranging for utility service to the property - answerb. Moving in or taking possession of the property The consummation of a real estate transaction in which all the appropriate documents are signed and the proceeds of the loan are disbursed