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PA Real Estate Exam Prep Questions & Answers(GRADED A+)

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Which of the following describes the term "appreciation"? A. Kind words expressed to someone about something they did B. An increase in the value of property C. An item of value owned by an individual D. None of the above - ANSWER B. Appreciation is the increase in the value of a property due to changes in market conditions, inflation, or other causes. When ownership of a mortgage is transferred from one company or individual to another, it is called A. an assumption B. an assignment C. an assessment D. all of the above - ANSWER B. When ownership of a mortgage is transferred (assigned) from one company or individual to another, it is called an assignment. A mortgage loan which requires the remaining balance be paid at a specific point in time is called a/an A. balloon mortgage B. early due mortgage

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  • pa real estate
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  • which of the following describes the term apprec
  • when ownership of a mortgage is transferred from o

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