PSI Iowa Real Estate Exam National Portion - Amy Schaffer Practice Questions and Answers

Discrimination on the basis of any of the following could be constructed as violations of fair housing laws EXCEPT for discrimination based on a. Ethnic considerations b. Sexual considerations c. Economic considerations d. Religious considerations C The amount of a loan expressed as a percentage of the value of the real estate offered as collateral is the a. Amortization ratio b. Loan to value ratio c. Debt to equity ratio d. Capital use ration B A listing contract in which the broker's commission is contingent on the broker being able to produce a buyer before the property is sold by the owner or another broker is called a (n): a. Open listing b. Net listing c. Exclusive right to sell listing d. Exclusive agency listing A A property owner lists his property for sale with a broker. During the negotiations, the owner told the broker that the owner wanted $138,000 for the property, and anything above that amount the broker could keep as his commission. The listing with this type of provisions is known as a. Gross listing b. Net listing c. Open listing d. Non-exclusive listing B Using the mortgage factor chart, what is the monthly payment for $150,000 loan at 8.5 percent for 30 years? a. $1,429.50 b. $1,486.50 c. $1,153.50 d. $1,581.00 C