TREBS Exam 6 questions with verified answers
_______________ are member owned, not for profit financial
cooperatives that provide savings, credit, and other financial services to
their members.
A. Credit Unions
B. Pension Funds
C. Retirement Programs
D. Commercial Banks
Rationale: The correct answer is A. Credit unions are entities that
provide these services. None of the other choices are member-owned.
_______________ typically aim to build commercial mortgage loan
portfolios that are diversified by property type and geography as well as
in accordance with applicable investment guidelines.
A. Pension Funds
B. Commercial Banks
C. REITs
D. Life Insurance Companies
Rationale: The correct answer is D. The life insurance company spreads
the risks on these investments across the country.
A Federal Reserve Bank does all of the following EXCEPT:
A. Sells bonds and securities
,B. Supervises commercial banks in their region
C. Stores currency ad coin
D. Processes checks and electronic payments
Rationale: The correct answer is A. Bonds and securities are created
and traded on Wall Street and other money markets, not the Federal
Reserve.
Both lender and borrower will agree to a monthly payment, however,
at a predetermined time, agreed to by all parties, the remainder of the
note will be due.
A. Short term mortgage
B. Interim Financing
C. Hard money loan
D. Balloon mortgage
Rationale: The correct answer is D. Only a balloon mortgage has a
remainder which is due at a pre-determined time.
Condemnation, zoning, taxation, and eminent domain describe:
A. Social characteristics of land
B. Physical characteristics of land
C. Visual characteristics of land
D. Economic characteristics of land
Rationale: The correct answer is A. These are collectively called "police
powers."
, First established in the 1930's, this provided liquidity of funds and
created more available money for consumption.
A. Primary market
B. Federal Reserve System
C. VA loans
D. Secondary market
Rationale: The correct answer is D. The secondary market encouraged
the purchasing of real property to stimulate the economy during the
Great Depression in the 1930's.
Freehold estates are created for what period of time?
A. Five years
B. Ninety-nine years
C. Indeterminate length
D. Ten years
Rationale: The correct answer is C. A freehold estateis of indeterminate
duration, which means there is no fixed duration of ownership.
HUD created the FHA __________________ program to help lenders
meet the high demand for FHA- backed financing.
A. Automatic endorsement
B. Low doc endorsement
_______________ are member owned, not for profit financial
cooperatives that provide savings, credit, and other financial services to
their members.
A. Credit Unions
B. Pension Funds
C. Retirement Programs
D. Commercial Banks
Rationale: The correct answer is A. Credit unions are entities that
provide these services. None of the other choices are member-owned.
_______________ typically aim to build commercial mortgage loan
portfolios that are diversified by property type and geography as well as
in accordance with applicable investment guidelines.
A. Pension Funds
B. Commercial Banks
C. REITs
D. Life Insurance Companies
Rationale: The correct answer is D. The life insurance company spreads
the risks on these investments across the country.
A Federal Reserve Bank does all of the following EXCEPT:
A. Sells bonds and securities
,B. Supervises commercial banks in their region
C. Stores currency ad coin
D. Processes checks and electronic payments
Rationale: The correct answer is A. Bonds and securities are created
and traded on Wall Street and other money markets, not the Federal
Reserve.
Both lender and borrower will agree to a monthly payment, however,
at a predetermined time, agreed to by all parties, the remainder of the
note will be due.
A. Short term mortgage
B. Interim Financing
C. Hard money loan
D. Balloon mortgage
Rationale: The correct answer is D. Only a balloon mortgage has a
remainder which is due at a pre-determined time.
Condemnation, zoning, taxation, and eminent domain describe:
A. Social characteristics of land
B. Physical characteristics of land
C. Visual characteristics of land
D. Economic characteristics of land
Rationale: The correct answer is A. These are collectively called "police
powers."
, First established in the 1930's, this provided liquidity of funds and
created more available money for consumption.
A. Primary market
B. Federal Reserve System
C. VA loans
D. Secondary market
Rationale: The correct answer is D. The secondary market encouraged
the purchasing of real property to stimulate the economy during the
Great Depression in the 1930's.
Freehold estates are created for what period of time?
A. Five years
B. Ninety-nine years
C. Indeterminate length
D. Ten years
Rationale: The correct answer is C. A freehold estateis of indeterminate
duration, which means there is no fixed duration of ownership.
HUD created the FHA __________________ program to help lenders
meet the high demand for FHA- backed financing.
A. Automatic endorsement
B. Low doc endorsement
