Exam (elaborations)
Real Estate Finance Quizzes With correct Answers
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Congress created the Federal Housing Administration in ___________. a. 1949 b. 1939 c. 1984 d. 1934 - ANSWER-(d) 1934 In order to qualify for exemption from capital gains, the property must have been the primary residence for two of the previous _____ years. a. 6 b. 3 c. 5 d. 4 - ANSWER-c. 5 A loan with no discount points is known as a(n) ________. a. Birdie loan b. Par loan c. Interim loan d. Air loan - ANSWER-b. Par loan Funding includes which of the following activities? (a) Transferring funds to a title or escrow company for disbursement (b) Maintaining records of payment (c) Building the loan file (d) Evaluating the loan app. - ANSWER-(a) Transferring funds to a title or escrow company for disbursement
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