PA 45 Hour Practice Exam Questions & Answers 100% Verified (Grade A+
1. Loan Application form used by Fannie Mae and Freddie Uniform Residential Loan
Mac Application (Form 1003)
2. Who is held accountable in in Universal Agency The Principal
3. Disadvantage of Subagency Owes fiduciary duties to
seller not the buyer.
4. Mortgage Covenants Protect the lenders collat-
eral while being held and
used by the borrower.
5. Disclosed defects must be Material
6. Can-Spam unsolicited commercial emails must be Solicitation for products or
clearly identified as services.
7. Do-Not-Call list also known as Telephone Consumer Pro-
tection Act (TCPA)
8. Changes to RELRA must be made by The State Real Estate Com-
mission
9. Services to a CUSTOMER by a licensee Honesty, Agency Disclo-
sure, Material Facts Disclo-
sure, Accounting
10. Form seller allows buyer to use property prior to clos- Early Occupancy Agree-
ing ment
11. Truck Farms Produce Vegetables
12. Majority of a savings/loan associations assets must be Real Estate Loans
in
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1. Loan Application form used by Fannie Mae and Freddie Uniform Residential Loan
Mac Application (Form 1003)
2. Who is held accountable in in Universal Agency The Principal
3. Disadvantage of Subagency Owes fiduciary duties to
seller not the buyer.
4. Mortgage Covenants Protect the lenders collat-
eral while being held and
used by the borrower.
5. Disclosed defects must be Material
6. Can-Spam unsolicited commercial emails must be Solicitation for products or
clearly identified as services.
7. Do-Not-Call list also known as Telephone Consumer Pro-
tection Act (TCPA)
8. Changes to RELRA must be made by The State Real Estate Com-
mission
9. Services to a CUSTOMER by a licensee Honesty, Agency Disclo-
sure, Material Facts Disclo-
sure, Accounting
10. Form seller allows buyer to use property prior to clos- Early Occupancy Agree-
ing ment
11. Truck Farms Produce Vegetables
12. Majority of a savings/loan associations assets must be Real Estate Loans
in
1/4
