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Barney Fletcher Exam Questions 4
Questions and Answers (100% Pass)
which BEST describes the principle that a home maintains its highest value in
a neighborhood with similar homes and similar type housing?
A. substitution
B. conformity
C. highest and best use
D. competition
✓ B. conformity
If you took projected future costs from projected future income, you would
arrive at:
A. capitalization rate
B. projected net income
C. projected debt service
D. projected debt coverage
Master01 | October, 2024/2025 | Latest update
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✓ B. projected net income
A deed would be presumed to have been delivered upon the happening of
which of the following events?
A. it was subrogated
B. it was notarized
C. it was recorded
D. it was signed
✓ C. it was recorded
A farmer leased a property on an annual basis whereby the farmer or the
owner could terminate the lease by giving the other party 90 days notice.
One half of the crop value would be the annual rent. This type of lease would
best be described as a:
A. tenancy in common
B. periodic estate
C. tenancy for years
D. tenancy at will
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ B. periodic estate
In times of a tight money market where the money supply is short, the
secondary mortgage market helps first time home buyers by:
A. lowering interest rates
B. providing liquidity to primary lenders
C. raising required ratios on qualifying
D. insisting on larger mortgage insurance premiums
✓ B. providing liquidity to primary lenders
Which of the following organizations is the largest purchaser of mortgages in
the secondary mortgage market?
A. Federal National Mortgage Association (FNMA)
B. Government National Mortgage Association (GNMA)
C. Federal Home Loan Mortgage Corporation (FHLMC)
D. Farmer's Home Administration (FMHA)
✓ A. Federal National Mortgage Association (FNMA)
Master01 | October, 2024/2025 | Latest update
Barney Fletcher Exam Questions 4
Questions and Answers (100% Pass)
which BEST describes the principle that a home maintains its highest value in
a neighborhood with similar homes and similar type housing?
A. substitution
B. conformity
C. highest and best use
D. competition
✓ B. conformity
If you took projected future costs from projected future income, you would
arrive at:
A. capitalization rate
B. projected net income
C. projected debt service
D. projected debt coverage
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ B. projected net income
A deed would be presumed to have been delivered upon the happening of
which of the following events?
A. it was subrogated
B. it was notarized
C. it was recorded
D. it was signed
✓ C. it was recorded
A farmer leased a property on an annual basis whereby the farmer or the
owner could terminate the lease by giving the other party 90 days notice.
One half of the crop value would be the annual rent. This type of lease would
best be described as a:
A. tenancy in common
B. periodic estate
C. tenancy for years
D. tenancy at will
Master01 | October, 2024/2025 | Latest update
, 1|Page | © copyright 2024/2025 | Grade A+
✓ B. periodic estate
In times of a tight money market where the money supply is short, the
secondary mortgage market helps first time home buyers by:
A. lowering interest rates
B. providing liquidity to primary lenders
C. raising required ratios on qualifying
D. insisting on larger mortgage insurance premiums
✓ B. providing liquidity to primary lenders
Which of the following organizations is the largest purchaser of mortgages in
the secondary mortgage market?
A. Federal National Mortgage Association (FNMA)
B. Government National Mortgage Association (GNMA)
C. Federal Home Loan Mortgage Corporation (FHLMC)
D. Farmer's Home Administration (FMHA)
✓ A. Federal National Mortgage Association (FNMA)
Master01 | October, 2024/2025 | Latest update
