UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
When the supply of real estate exceeds the demand for real estate, what happens to prices? -
CORRECT ANSWER Decrease
What do lenders NOT consider when qualifying a buyer for a loan? - CORRECT ANSWER
Number of children
Which of the following statements about property tax exemptions is TRUE? - CORRECT ANSWER
They decrease the value on which the owner will be taxed.
Which of the following factors does NOT affect the price of real estate? - CORRECT ANSWER
Global warming
Why does the lender evaluate the buyer's credit? - CORRECT ANSWER To help to limit the
lender's risk
Texas offers tax exemptions for all of the following EXCEPT: - CORRECT ANSWER
Property owned by low income families
How does the government influence the price of real estate? - CORRECT ANSWER Supply of
money, interest rates, and taxes
Increases in the cost of financing, cost of construction, and land values can cause the price of real
estate to __________. - CORRECT ANSWER Increase
What do lenders qualify in addition to qualifying a buyer? - CORRECT ANSWER Property