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ASREB SMALL QUIZZES STUDY QUESTIONS WITH 100% CORRECT ANSWERS..

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ASREB SMALL QUIZZES STUDY QUESTIONS WITH 100% CORRECT ANSWERS

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"Beginning at the old oak tree, then South 15 degrees East to the embedded steel pin,
thence North 90 degrees..."
government survey
lot and block
metes and bounds
plat map


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metes and bounds




Mortgage bankers typically make loans in the...
Money market
Primary market
Secondary market
Stock market

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Primary market




Fannie Mae would be LEAST LIKELY to purchase ________ loans.
Conventional
FHA-insured
Subprime
VA-guaranteed


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Subprime




The distance between township tiers is
4 miles
6 miles
24 miles
36 miles


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6 miles




In a GRM equation, the expenses are not subtracted from rent. MULTIPLY rent by the
gross rent multiplier


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, In a GRM equation, the expenses are not subtracted from rent. MULTIPLY
rent by the gross rent multiplier




Net Operating Income does not calculate depreciation


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Net Operating Income does not calculate depreciation




Paul is doing an appraisal for Fannie Mae. What is the minimum number of comps he
needs to consider when using the sales comparison approach?
2
3
4
5


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3




Debits to the seller include all of the following EXCEPT:
a. commissions
b. impound accounts
c. seller carryback financing
d. buyer's assumption of the existing loan


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