ASREB A-5 quiz Questions and
Answers 100% Pass
Who authorizes the use of the "power of sale" in a deed of trust? - ✔✔Beneficiary
Why would a seller accept an agreement for sale instead of a purchase money
mortgage? - ✔✔The seller can keep the deed until the carryback is paid
The redemption period on a deed of trust following the trustees sale is: -
✔✔Redemption period does not exist
A trustee under a deed of trust would not be involved in which of the following
circumstances? - ✔✔Collection of monthly loan payments
After a mortgage foreclosure, any excess monies would go to the: - ✔✔Mortgagor
The supply and cost of money can be most effectively controlled by: - ✔✔Federal
reserve system
The consumer financial protection bureau is the governing body for: - ✔✔Savings and
loan associations
Fannie Mae is active in the: - ✔✔Secondary mortgage market
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, The real estate settlement and procedures act applies to: - ✔✔-FHA
-VA
-a loan sold to Fannie Mae
The agency the regulates Reg Z is: - ✔✔FTC
A non-recourse loan provides for: - ✔✔-loan repayment
-loan documents
-foreclosure
At a mortgage foreclosure sale, the buyer gets a deed from: - ✔✔No one
Real estate loan usury rates are set by: - ✔✔State laws
The funds for a loan secured by a trust deed are supplied by the: - ✔✔Beneficiary
A trustee lists his property for sale on May 1. On May 2 he was notified of default on
the trust deed, which default has occurred 45 days prior to notification. The trustor,
under these conditions: - ✔✔May sell the property within the 90 day reinstatement
period
What is the maximum legal contract rate of interest for individuals to pay on real estate
loans in Arizona? - ✔✔Unlimited
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Answers 100% Pass
Who authorizes the use of the "power of sale" in a deed of trust? - ✔✔Beneficiary
Why would a seller accept an agreement for sale instead of a purchase money
mortgage? - ✔✔The seller can keep the deed until the carryback is paid
The redemption period on a deed of trust following the trustees sale is: -
✔✔Redemption period does not exist
A trustee under a deed of trust would not be involved in which of the following
circumstances? - ✔✔Collection of monthly loan payments
After a mortgage foreclosure, any excess monies would go to the: - ✔✔Mortgagor
The supply and cost of money can be most effectively controlled by: - ✔✔Federal
reserve system
The consumer financial protection bureau is the governing body for: - ✔✔Savings and
loan associations
Fannie Mae is active in the: - ✔✔Secondary mortgage market
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 1
, The real estate settlement and procedures act applies to: - ✔✔-FHA
-VA
-a loan sold to Fannie Mae
The agency the regulates Reg Z is: - ✔✔FTC
A non-recourse loan provides for: - ✔✔-loan repayment
-loan documents
-foreclosure
At a mortgage foreclosure sale, the buyer gets a deed from: - ✔✔No one
Real estate loan usury rates are set by: - ✔✔State laws
The funds for a loan secured by a trust deed are supplied by the: - ✔✔Beneficiary
A trustee lists his property for sale on May 1. On May 2 he was notified of default on
the trust deed, which default has occurred 45 days prior to notification. The trustor,
under these conditions: - ✔✔May sell the property within the 90 day reinstatement
period
What is the maximum legal contract rate of interest for individuals to pay on real estate
loans in Arizona? - ✔✔Unlimited
100% Pass Guarantee Olivia West, All Rights Reserved © 2025 2
