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CE SHOP NATIONAL EXAM QUESTIONS WITH CORRECT ANSWERS.

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CE SHOP NATIONAL EXAM QUESTIONS WITH CORRECT ANSWERS.

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CE SHOP NATIONAL EXAM QUESTIONS
gh gh gh gh




WITH CORRECT ANSWERS
gh gh gh


You're ghexplaining ghto ghyour ghclient ghthat ghusing ghelectronic ghdocuments ghand ghsignatures
ghsimplifies ghthe ghh ghome ghbuying ghprocess. ghYour ghclient ghis ghskeptical ghabout ghthese ghsignatures.


ghYou ghdescribe ghthe ghUniform ghE ghlectronic ghTransactions ghAct gh(UETA) ghand ghtell ghyour ghclient gh


. gh- ghCORRECT ghANSWER gh-
UETA ghgives ghelectronic ghsignatures ghthe ghsame ghlegal ghweight ghas gh"wet" ghsignatures



What ghtitle ghguarantees ghwill ghJody ghhave ghwhen ghshe ghbuys gha ghproperty ghat gha ghforeclosure
ghauction? gh- ghCORRECT ghANSWER gh-The ghcovenant ghof ghseisin




True ghor ghFalse? ghForeclosed ghproperty ghmay ghbe ghconveyed ghwith gha ghreferee's ghdeed, ghwhich
ghoffers ghonly ght ghhe ghcovenant ghof ghseisin gh- ghCORRECT ghANSWER gh-True




The gheconomic ghprinciple ghof gh says ghthat ghwhen ghthere ghare ghtwo ghhouses ghin ghthe ghsame
ghneighborh ghood ghwith ghthe ghsame ghsize, ghappeal, ghand ghutility, ghthe ghlower-priced ghone ghwill ghtend


ghto ghsell ghfirst. gh-


CORRECT ghANSWER gh-Substitution



True ghor ghFalse? ghThe gheconomic ghprinciple ghof ghsubstitution, ghwhich ghstates ghthat ghthe ghlower-
priced ghoption ghof ghtwo ghproperties ghof ghequal ghquality ghwill ghlikely ghsell ghfirst. gh- gh CORRECT ghANSWER
gh-True




The gh can ghoffer ghdirect ghloans ghto ghfarmers ghand ghranchers. ghThe ghloans ghare ghfunded ghby
ghcongressio ghnal ghappropriation. gh- ghCORRECT ghANSWER gh-USDA ghFarm ghService ghAgency




Because ghShelby ghhas gha ghhigh ghprepayment ghpenalty ghon ghher ghhigh-interest ghloan, ghshe ghis gh .
gh- ghCORRECT ghANSWER gh-Unable ghto ghrefinance ghher ghhigh-


interest ghsubprime ghloan ghwithout ghpaying gha ghstiff ghpenalty



True ghor ghFalse? ghA ghprepayment ghpenalty ghfee ghalso ghmay ghbe ghapplied ghbefore ghborrowers ghcan
ghrefinance gh- ghCORRECT ghANSWER gh-True

,What ghtype ghof ghvalue ghis ghof ghinterest ghto ghtaxing ghauthorities? gh- ghCORRECT ghANSWER gh-Assessed
gh value




True ghor ghFalse gh? ghLocal ghtaxing ghauthorities ghare ghinterested ghin ghassessed ghvalues, ghwhich ghare
ghused ghto ghdet ghermine ghproperty ghtaxes. gh- ghCORRECT ghANSWER gh-True




Title ghVIII ghof ghwhich ghlaw ghprohibits ghdiscrimination ghin ghthe ghsale, ghrental, ghand ghfinancing ghof
ghhousing? gh- ghCORRECT ghANSWER gh-Civil ghRights ghAct ghof gh1968




Sue ghand ghJim ghare ghhoping ghto ghexpand ghtheir ghfamily, ghwhich ghmeans ghmoving ghto gha ghlarger
ghhome. ghThey're ghclosing ghon ghtheir ghnew ghhome ghsoon, ghbut ghhaven't ghyet ghsold ghtheir ghcurrent


ghone. ghWhich ghtype ghof ghloan ghwil g h l ghhelp ghthem ghafford ghboth ghhomes ghfor gha ghshort ghperiod ghof


ghtime? gh- ghCORRECT ghANSWER gh-Bridge




True ghor ghFalse? ghA ghwrap-
around ghloan ghis ghbest ghused ghwhen ghthe ghbuyer's ghcurrent ghhome ghis ghalready ghunder ghcontract.
gh- ghCORRECT ghANSWER gh-False; ghBridge ghLoan




What ghdoes gha ghballoon ghpayment ghrepresent ghat ghthe ghend ghof gha ghloan ghterm? gh- ghCORRECT
ghANSWER gh- ghIt ghmeans ghthat ghsome ghprincipal ghremains ghat ghthe ghend ghof ghthe ghloan ghterm.




True ghor ghFalse? ghThe ghgrantor ghis ghthe ghseller; ghthe ghgrantee ghis ghthe ghbuyer. ghThe ghgrantor ghmust
ghsign ghthe ghdee ghd, gh be gh of gh legal gh capacity, gh and gh be ghpositively gh identified. ghThe gh deed gh must


ghinclude gh an gh act ghof gh conveyanc


e. gh- ghCORRECT ghANSWER gh-True



Kenneth ghentered ghinto gha ghcontract ghto ghsell ghhis ghhome ghto ghValerie, ghwho ghput ghdown gha gh$5,000
ghearnest ghm ghoney ghdeposit. ghAt ghthe ghlast ghminute, ghValerie ghbacked ghout ghof ghthe ghdeal ghand


ghKenneth ghkept ghthe ghearnest ghdeposit. ghThis ghis ghan ghexample ghof gh . gh- ghCORRECT ghANSWER gh-
Accepting ghliquidated ghdamages



True ghor ghFalse? ghIf ghyou ghkept ghthe ghearnest ghmoney, ghyou ghare ghaccepting ghliquidated
ghdamages. gh- ghCORRECT ghANSWER gh-True

, Tres ghowns gha ghwarehouse ghin ghan gharea ghthat ghis ghzoned ghlight ghindustrial. ghWith ghan ghincreased
ghdemand ghfor ghhousing ghin ghthe gharea, ghTres ghwants ghto ghcreate ghloft-


style ghcondos ghand ghhave ghhis ghproperty ghdesignated ghas ghresidential, gheven ghthough ghthe
ghsurrounding ghbuil ghdings ghwill gh remain gh light gh industrial. gh What ghtype gh of gh zoning gh is gh this? gh-


gh CORRECT gh ANSWER gh -Spot ghzoning




True ghor ghFalse? ghSpot ghzoning ghallows gha ghspecific ghproperty ghto ghbe ghrezoned ghwithin ghan ghexisting
ghzoning ghar ghea. ghSpot ghzoning ghis ghillegal ghin ghsome ghstates. gh- ghCORRECT ghANSWER gh-True




Eileen ghis ghpreparing gha ghreport ghpursuant ghto ghthe ghterms ghof gha ghproperty ghmanagement
ghagreement. ghThis ghreport ghattempts ghto ghpredict ghthe ghincome ghand ghexpenses ghassociated ghwith


ghrunning ghthe ghproperty ghover ghthe ghnext ghyear. ghWhat ghreport ghis ghshe ghpreparing? gh- ghCORRECT


ghANSWER gh-Operating ghbudget




True ghor ghFalse? ghOperating ghreports ghproject ghthe ghincome ghand ghexpenses ghof ghoperating ghthe
ghproperty, ghu ghsually ghover gha ghone-year ghperiod. gh- ghCORRECT ghANSWER gh-True




Stan ghdecides ghto ghnot ghsell ghhis ghproperty ghto ghCrandall, gheven ghafter ghthey've ghsigned gha ghlegal ghsales
ghcontract


. ghCrandall ghfound gha ghproperty ghhe ghlikes ghbetter, ghso ghthey ghmutually ghagree ghto gh the
ghcontract. gh- ghCORRECT ghANSWER gh-Rescind




True ghor ghFalse? ghThe ghAPR ghcan ghbe ghincluded ghin ghan ghad ghwithout ghrequiring ghdisclosure ghof ghall
gh credit gh terms


. ghAPR ghfigures ghallow ghconsumers ghto ghmake ghan ghinformed ghcomparison ghbetween ghloans, ghwhich
ghis ghTILA's ghgoal. gh- ghCORRECT ghANSWER gh-True




True ghor ghFalse? ghAccording ghto ghthe ghlaw, ghcommercial ghtenants ghmay ghremove ghtrade ghfixtures
ghwhen ghthe ghl ghease ghends, ghbut ghonly ghif ghthey ghare ghdetachable ghwithout ghdamaging ghthe ghproperty


ghor ghif ghthe ghdamage ghis ghr ghepaired. gh- ghCORRECT ghANSWER gh-True




Generally, ghwhat's ghthe ghcommon ghrange ghfor ghloan ghorigination ghfees? gh- ghCORRECT ghANSWER gh-1%
ghto gh3%

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