1
CALIFORNIA REAL ESTATE SALESPERSON EXAM
2025可以！可以！请告诉我您需要写什么主题的中文作文，是写故事
EXAM QUESTIONS WITH DETAILED VERIFIED
ANSWERS
、议论文、记叙文，还是其他类型？另外，作文的字数要求是多
少呢？请告诉我您需要写什么主题的中文作文，是写故事、议论
Acceleration Clause - (answer)The clause in a mortgage or deed of trust that
can be文、记叙文，还是其他类型？另外，作文的字数要求是多少呢？
enforced to make the entire debt due immediately if the borrower
defaults on an installment payment or other covenant. (Pay now)
Adjustable Rate Mortgage (ARM) - (answer)a mortgage with an interest rate
that increases or decreases during the life of the loan
adjustment date - (answer)The date the interest rate changes on an
adjustable-rate mortgage.
Amortization - (answer)A method for computing equal periodic payments for
an installment loan. (Paid within certain range of time)
amortization schedule - (answer)A table showing precisely how a loan will be
repaid. It gives the required payment on each payment date and a breakdown
of the payment, showing how much is interest and how much is repayment of
principal.
Annual Percentage Rate (APR) - (answer)Cost of borrowing money on an
annual basis; takes into account the interest rate and other related fees on a
loan.
Application - (answer)The form used to apply for a mortgage loan, containing
information about a borrower'a income, savings, assets, debts, and more.
Appraisal - (answer)A written justification of the price paid for a property,
primarily based on an analysis of comparable sales of similar homes nearby.
, 2
appraised value - (answer)An opinion of a property's fair market value, based
可以！可以！请告诉我您需要写什么主题的中文作文，是写故事
on an 、议论文、记叙文，还是其他类型？另外，作文的字数要求是多
appraiser's knowledge, experience, and analysis of the property. Since an
appraisal is based primarily on comparable sales, and the most recent sale is
少呢？请告诉我您需要写什么主题的中文作文，是写故事、议论
the one on the property in question, the appraisal usually comes out at the
文、记叙文，还是其他类型？另外，作文的字数要求是多少呢？
purchase price.
Appraiser - (answer)An individual qualified by education, training, and
experience to estimate the value of real property and personal property.
Although some appraisers work directly for mortgage lenders, most are
independent.
Appreciation - (answer)increase in value over time
Assessed Value (AV) - (answer)The valuation placed on property by a public tax
assessor for purposes of taxation.
Assessment - (answer)The placing of a value on property for the purpose of
taxation.
Assessor - (answer)A public official who establishes the value of a property for
taxation purposes.
Asset - (answer)item of value owned by a firm or an individual
Assignment - (answer)When ownership of your mortgage is transferred from
one company or individual to another, it is called an assignment.
, 3
Assumable Mortgage - (answer)A mortgage that can be assumed by the buyer
when a home is sold. Usually, the borrower must "qualify" in order to assume
可以！可以！请告诉我您需要写什么主题的中文作文，是写故事
the loan.
、议论文、记叙文，还是其他类型？另外，作文的字数要求是多
少呢？请告诉我您需要写什么主题的中文作文，是写故事、议论
文、记叙文，还是其他类型？另外，作文的字数要求是多少呢？
assumption - (answer)The term applied when a buyer assumes the seller's
mortgage.
Balloon Mortgage - (answer)A mortgage loan that requires the remaining
principal balance be paid at a specific point in time. For example, a loan may be
amortized as if it would be paid over a thirty year period, but requires that at
the end of the tenth year the entire remaining balance must be paid.
Balloon Payment - (answer)The final lump sum payment that is due at the
termination of a balloon mortgage.
bankruptcy - (answer)By filing in federal bankruptcy court, an individual or
individuals can restructure or relieve themselves of debts and liabilities.
Bankruptcies are of various types, but the most common for an individual seem
to be a "Chapter 7 No Asset" bankruptcy which relieves the borrower of most
types of debts. A borrower cannot usually qualify for an "A" paper loan for a
period of two years after the bankruptcy has been discharged and requires the
re-establishment of an ability to repay debt.
Bill of sale - (answer)A written document that transfers title to personal
property.
biweekly mortgage - (answer)A mortgage in which you make payments every
two weeks instead of once a month. The basic result is that instead of making
twelve monthly payments during the year, you make thirteen. The extra
payment reduces the principal, substantially reducing the time it takes to pay
off a thirty year mortgage. Note: there are independent companies that
encourage you to set up bi-weekly payment schedules with them on your thirty
CALIFORNIA REAL ESTATE SALESPERSON EXAM
2025可以！可以！请告诉我您需要写什么主题的中文作文，是写故事
EXAM QUESTIONS WITH DETAILED VERIFIED
ANSWERS
、议论文、记叙文，还是其他类型？另外，作文的字数要求是多
少呢？请告诉我您需要写什么主题的中文作文，是写故事、议论
Acceleration Clause - (answer)The clause in a mortgage or deed of trust that
can be文、记叙文，还是其他类型？另外，作文的字数要求是多少呢？
enforced to make the entire debt due immediately if the borrower
defaults on an installment payment or other covenant. (Pay now)
Adjustable Rate Mortgage (ARM) - (answer)a mortgage with an interest rate
that increases or decreases during the life of the loan
adjustment date - (answer)The date the interest rate changes on an
adjustable-rate mortgage.
Amortization - (answer)A method for computing equal periodic payments for
an installment loan. (Paid within certain range of time)
amortization schedule - (answer)A table showing precisely how a loan will be
repaid. It gives the required payment on each payment date and a breakdown
of the payment, showing how much is interest and how much is repayment of
principal.
Annual Percentage Rate (APR) - (answer)Cost of borrowing money on an
annual basis; takes into account the interest rate and other related fees on a
loan.
Application - (answer)The form used to apply for a mortgage loan, containing
information about a borrower'a income, savings, assets, debts, and more.
Appraisal - (answer)A written justification of the price paid for a property,
primarily based on an analysis of comparable sales of similar homes nearby.
, 2
appraised value - (answer)An opinion of a property's fair market value, based
可以！可以！请告诉我您需要写什么主题的中文作文，是写故事
on an 、议论文、记叙文，还是其他类型？另外，作文的字数要求是多
appraiser's knowledge, experience, and analysis of the property. Since an
appraisal is based primarily on comparable sales, and the most recent sale is
少呢？请告诉我您需要写什么主题的中文作文，是写故事、议论
the one on the property in question, the appraisal usually comes out at the
文、记叙文，还是其他类型？另外，作文的字数要求是多少呢？
purchase price.
Appraiser - (answer)An individual qualified by education, training, and
experience to estimate the value of real property and personal property.
Although some appraisers work directly for mortgage lenders, most are
independent.
Appreciation - (answer)increase in value over time
Assessed Value (AV) - (answer)The valuation placed on property by a public tax
assessor for purposes of taxation.
Assessment - (answer)The placing of a value on property for the purpose of
taxation.
Assessor - (answer)A public official who establishes the value of a property for
taxation purposes.
Asset - (answer)item of value owned by a firm or an individual
Assignment - (answer)When ownership of your mortgage is transferred from
one company or individual to another, it is called an assignment.
, 3
Assumable Mortgage - (answer)A mortgage that can be assumed by the buyer
when a home is sold. Usually, the borrower must "qualify" in order to assume
可以！可以！请告诉我您需要写什么主题的中文作文，是写故事
the loan.
、议论文、记叙文，还是其他类型？另外，作文的字数要求是多
少呢？请告诉我您需要写什么主题的中文作文，是写故事、议论
文、记叙文，还是其他类型？另外，作文的字数要求是多少呢？
assumption - (answer)The term applied when a buyer assumes the seller's
mortgage.
Balloon Mortgage - (answer)A mortgage loan that requires the remaining
principal balance be paid at a specific point in time. For example, a loan may be
amortized as if it would be paid over a thirty year period, but requires that at
the end of the tenth year the entire remaining balance must be paid.
Balloon Payment - (answer)The final lump sum payment that is due at the
termination of a balloon mortgage.
bankruptcy - (answer)By filing in federal bankruptcy court, an individual or
individuals can restructure or relieve themselves of debts and liabilities.
Bankruptcies are of various types, but the most common for an individual seem
to be a "Chapter 7 No Asset" bankruptcy which relieves the borrower of most
types of debts. A borrower cannot usually qualify for an "A" paper loan for a
period of two years after the bankruptcy has been discharged and requires the
re-establishment of an ability to repay debt.
Bill of sale - (answer)A written document that transfers title to personal
property.
biweekly mortgage - (answer)A mortgage in which you make payments every
two weeks instead of once a month. The basic result is that instead of making
twelve monthly payments during the year, you make thirteen. The extra
payment reduces the principal, substantially reducing the time it takes to pay
off a thirty year mortgage. Note: there are independent companies that
encourage you to set up bi-weekly payment schedules with them on your thirty
