NMLS TEST FINAL EXAM AND PRACTICE
EXAM QUESTIONS 2025 ACTUAL EXAM
WELL RESEARCHED COMPLETE
ACCURATE EXAM QUESTIONS WITH
100% DETAILED VERIFIED AND
CORRECT ANSWERS ACTUAL BRAND-
NEW EXAM ALREADY GRADED A+
The purchase price of a home is $200,000 and the loan
amount is $180,000. The borrower pays 6% interest with
1 discount point and 1 origination point. What is the cost
of the points?
A.) $1,800
B.) $2,000
C.) $3,600
D.) $4,000 - ....ANSWER...C.) $3,600
The key to this question is POINTS last time i
accidentally added the 6% interest. There is 2 points so
$180,000 x .02 = $3,600
If the Gross Rent Multiplier (GRM) decreases, the
property value:
1
,A.) Increases
B.) Decreases
C.) Does not change
D.) Can increase or decrease - ....ANSWER...B.)
Decreases
What is the maximum allowable amount of VA seller
concessions?
A.) 2%
B.) 3%
C.) 4%
D.) 5% - ....ANSWER...C.) 4%
When a property increases in value for any reason this is
known as:
A.) Acceleration
B.) Appreciation
C.) Accumulation
D.) Acclimation - ....ANSWER...B.) Appreciation
2
,Which appraisal approach is most suitable for an office
building?
A.) Sales comparison approach
B.) Cost approach
C.) Income capitalization approach
D.) Tenant collection approach - ....ANSWER...C.)
Income capitalization approach
Investopedia
The income approach is a real estate appraisal method
that allows investors to estimate the value of a property
by taking the net operating income of the rent collected
and dividing it by the capitalization rate.
3
, Which of the following is incorrect regarding an
adjustable-rate mortgage?
A.) The index is fixed
B.) The margin is fixed
C.) There are rate caps on both the adjustment
period and the life of the loan
D.) LIBOR is a typical index used - ....ANSWER...A.)
The index is fixed
Which of the following is NOT a fully amortized loan?
A.) Term mortgage
B.) Fixed-rate mortgage
C.) Adjustable-rate mortgage
D.) Bi-weekly mortgage - ....ANSWER...A.) Term
mortgage
Which of the following is a negatively amortizing loan?
A.) Reverse mortgage
4
EXAM QUESTIONS 2025 ACTUAL EXAM
WELL RESEARCHED COMPLETE
ACCURATE EXAM QUESTIONS WITH
100% DETAILED VERIFIED AND
CORRECT ANSWERS ACTUAL BRAND-
NEW EXAM ALREADY GRADED A+
The purchase price of a home is $200,000 and the loan
amount is $180,000. The borrower pays 6% interest with
1 discount point and 1 origination point. What is the cost
of the points?
A.) $1,800
B.) $2,000
C.) $3,600
D.) $4,000 - ....ANSWER...C.) $3,600
The key to this question is POINTS last time i
accidentally added the 6% interest. There is 2 points so
$180,000 x .02 = $3,600
If the Gross Rent Multiplier (GRM) decreases, the
property value:
1
,A.) Increases
B.) Decreases
C.) Does not change
D.) Can increase or decrease - ....ANSWER...B.)
Decreases
What is the maximum allowable amount of VA seller
concessions?
A.) 2%
B.) 3%
C.) 4%
D.) 5% - ....ANSWER...C.) 4%
When a property increases in value for any reason this is
known as:
A.) Acceleration
B.) Appreciation
C.) Accumulation
D.) Acclimation - ....ANSWER...B.) Appreciation
2
,Which appraisal approach is most suitable for an office
building?
A.) Sales comparison approach
B.) Cost approach
C.) Income capitalization approach
D.) Tenant collection approach - ....ANSWER...C.)
Income capitalization approach
Investopedia
The income approach is a real estate appraisal method
that allows investors to estimate the value of a property
by taking the net operating income of the rent collected
and dividing it by the capitalization rate.
3
, Which of the following is incorrect regarding an
adjustable-rate mortgage?
A.) The index is fixed
B.) The margin is fixed
C.) There are rate caps on both the adjustment
period and the life of the loan
D.) LIBOR is a typical index used - ....ANSWER...A.)
The index is fixed
Which of the following is NOT a fully amortized loan?
A.) Term mortgage
B.) Fixed-rate mortgage
C.) Adjustable-rate mortgage
D.) Bi-weekly mortgage - ....ANSWER...A.) Term
mortgage
Which of the following is a negatively amortizing loan?
A.) Reverse mortgage
4
