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

Principles of Real Estate 2 Exam With 100% Correct Answers 2024 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) An opinion of value For tax purposes the _______ is determined by the taxing authority. A) Assessed value B) Appraised value C) Market price D) Investment value - answerA) Assessed value 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) Subject property 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) Foreclosure Since they are responsible for enforcing federal consumer financial law, the Consumer Financial Protection Bureau is 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) All of the above 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) Loan pools Located in between incompatible us