Real Estate Finance Exam Test Questions with
100% Verified Answers
Page | 1 If a home is owned as community property, and one spouse dies, what is the maximum net
value of the decedent's estate that the survivor can inherit without paying estate taxes? -
-$10,900,000
Refinancing one property to purchase another is known as - -pyramiding
Which of the following terms best describes a partnership among a developer, owner, and
financier? - -Joint venture
Split-fee financing is a form of - -lender participation.
All of the following are advantageous to a seller under a sale-leaseback-buyback except -
-the realization of cash
Which of the following techniques is used in foreclosing a deed of trust? - -Judicial
foreclosure
A deed of trust differs from a mortgage in which of the following areas? - -voluntary
liens
When filed, a lis pendens indicates a - -deed of trust
The purpose for recasting a loan when the borrower is in default is to - -increase the
interest rate
, To avoid foreclosure, a lender and borrower might agree to all of the following actions
except - -a deed in lieu of foreclosure
Page | 2
An agreement to waive payments for a period of time is a(n) - -moratorium
A breach of one or more of the conditions or terms of a loan agreement is a - -default
Disintermediation seriously affected - -savings associations.
Freddie Mac's Loan Prospector® is an electronic - -underwriting service
What is the relationship between the interest rate paid on pass-through certificates and the
interest on the loans in the pool? - -the rate on the pass through certificate is lower
Fannie Mae participates in all of the following activities except - -making loans
directly to borrowers
Fannie Mae replaced its free-market system auction with a(n) - -administered priced
system
The secondary mortgage market provides all of the following benefits except - -
freeing capital for lenders
The sale of mortgage loans on the secondary market has a positive impact on the economy
by - -stabilizing mortgage money market
100% Verified Answers
Page | 1 If a home is owned as community property, and one spouse dies, what is the maximum net
value of the decedent's estate that the survivor can inherit without paying estate taxes? -
-$10,900,000
Refinancing one property to purchase another is known as - -pyramiding
Which of the following terms best describes a partnership among a developer, owner, and
financier? - -Joint venture
Split-fee financing is a form of - -lender participation.
All of the following are advantageous to a seller under a sale-leaseback-buyback except -
-the realization of cash
Which of the following techniques is used in foreclosing a deed of trust? - -Judicial
foreclosure
A deed of trust differs from a mortgage in which of the following areas? - -voluntary
liens
When filed, a lis pendens indicates a - -deed of trust
The purpose for recasting a loan when the borrower is in default is to - -increase the
interest rate
, To avoid foreclosure, a lender and borrower might agree to all of the following actions
except - -a deed in lieu of foreclosure
Page | 2
An agreement to waive payments for a period of time is a(n) - -moratorium
A breach of one or more of the conditions or terms of a loan agreement is a - -default
Disintermediation seriously affected - -savings associations.
Freddie Mac's Loan Prospector® is an electronic - -underwriting service
What is the relationship between the interest rate paid on pass-through certificates and the
interest on the loans in the pool? - -the rate on the pass through certificate is lower
Fannie Mae participates in all of the following activities except - -making loans
directly to borrowers
Fannie Mae replaced its free-market system auction with a(n) - -administered priced
system
The secondary mortgage market provides all of the following benefits except - -
freeing capital for lenders
The sale of mortgage loans on the secondary market has a positive impact on the economy
by - -stabilizing mortgage money market
