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REAL ESTATE FINANCE EXAM LATEST 2026-2027 ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
A purchase money loan is a(n):
loan received from a mortgage broker.
equity loan.
loan made at the time of the sale whose proceeds go to the
seller.
loan whose proceeds go to the buyer. - ANSWER-loan made at
the time of the sale whose proceeds go to the seller.
Bob purchased an existing loan from a lender for $13,500. At the
time he purchased the loan it had just been created and had a
loan balance of $15,000. The borrower never made a payment on
the loan and Bob decided to foreclose. What is the maximum
amount that Bob can foreclose for?
$13,500
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An investor who purchased an existing loan has no right to
foreclose
$13,500 minus the trustee fee
$15,000 - ANSWER-$15,000
Mr. Sloan wishes to purchase a piece of industrial property and
apply for a large loan to help him purchase the property. The
lender is most interested in:
the appraised value of the land and the improvements.
the financial condition and credit standing of the applicant for the
loan.
the demand for the product being manufactured on the property.
all of the above. - ANSWER-the financial condition and credit
standing of the applicant for the loan.
Jane offers to purchase Stan's property for $139,000. Jane takes
title subject to a VA loan. What is the effect on liability?
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Jane is primarily liable for the loan
Stan and Jane are both liable for the loan
Stan is liable for the loan
Neither Jane nor Stan is liable for the loan - ANSWER-Stan is
liable for the loan
Interest is a very important part of the lending business. Interest
calculated on the total amount of the principal, plus accumulated
interest, is referred to as:
straight interest.
compound interest.
simple interest.
accumulated interest. - ANSWER-compound interest.
In purchasing a house, which of the following methods of
financing could be accomplished without a down payment?
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FHA
Cal-Vet
VA
Conventional - ANSWER-VA
Which of the following requires mutual mortgage insurance?
Veterans Affairs
Cal-Vet
FHA
Fannie Mae - ANSWER-FHA
Which of the following documents is not a negotiable instrument?
REAL ESTATE FINANCE EXAM LATEST 2026-2027 ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
A purchase money loan is a(n):
loan received from a mortgage broker.
equity loan.
loan made at the time of the sale whose proceeds go to the
seller.
loan whose proceeds go to the buyer. - ANSWER-loan made at
the time of the sale whose proceeds go to the seller.
Bob purchased an existing loan from a lender for $13,500. At the
time he purchased the loan it had just been created and had a
loan balance of $15,000. The borrower never made a payment on
the loan and Bob decided to foreclose. What is the maximum
amount that Bob can foreclose for?
$13,500
,2|Page
An investor who purchased an existing loan has no right to
foreclose
$13,500 minus the trustee fee
$15,000 - ANSWER-$15,000
Mr. Sloan wishes to purchase a piece of industrial property and
apply for a large loan to help him purchase the property. The
lender is most interested in:
the appraised value of the land and the improvements.
the financial condition and credit standing of the applicant for the
loan.
the demand for the product being manufactured on the property.
all of the above. - ANSWER-the financial condition and credit
standing of the applicant for the loan.
Jane offers to purchase Stan's property for $139,000. Jane takes
title subject to a VA loan. What is the effect on liability?
,3|Page
Jane is primarily liable for the loan
Stan and Jane are both liable for the loan
Stan is liable for the loan
Neither Jane nor Stan is liable for the loan - ANSWER-Stan is
liable for the loan
Interest is a very important part of the lending business. Interest
calculated on the total amount of the principal, plus accumulated
interest, is referred to as:
straight interest.
compound interest.
simple interest.
accumulated interest. - ANSWER-compound interest.
In purchasing a house, which of the following methods of
financing could be accomplished without a down payment?
, 4|Page
FHA
Cal-Vet
VA
Conventional - ANSWER-VA
Which of the following requires mutual mortgage insurance?
Veterans Affairs
Cal-Vet
FHA
Fannie Mae - ANSWER-FHA
Which of the following documents is not a negotiable instrument?
