REAL ESTATE FINANCE EXAM QUESTIONS & ANSWERS 100% VERIFIED

Closing - ANSWER-_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. Demand - ANSWER-The primary determinants of real estate values are supply and _____. Collateral - ANSWER-_____ is something of value that can be pledged as security for repayment of a loan. Inflation - ANSWER-An excess supply of money in the market results in monetary _____. The Federal Deposit Insurance Corporation - ANSWER-Which agency insures deposits in banks and thrift institutions for up to $250,000? Discount rate - ANSWER-The _____ is the interest rate a reserve bank charges eligible financial institutions to borrow funds on a short-term basis. Truth in Lending Act - ANSWER-Which of the following transactions is exempt from RESPA? Consumer Financial Protection Bureau - ANSWER-The Dodd-Frank Wall Street Reform and Consumer Protection Act established the _____. 1.Monthly payments $300." 2.She can look him up in the NMLSR 3.Yes. Sylvia can distribute flyers with Victor, but she should provide her buyers with the names of at least three RMLOs to consider. - ANSWER-Sylvia, a real estate license holder, decides to prospect for new customers by handing out flyers which highlight her qualifications and also provide information about special loan programs. She works in a metropolitan area where the housing market continues to grow, and many new homes are being built in an area where zero-down USDA financing can be used. Victor, an RMLO, volunteers to pay for the flyers and take care of all of the printing and set up if the flyers can be co-branded in order to help them both generate new business at the same time. Sylvia had some ideas about what she wanted the flyers to say about loans, but Victor assures her that he can do an excellent job at writing the information for that section of the flyer.