Exampromax - Stuvia US 2025/2026
1
Aceable agent Real Estate Finance Questions
and Answers and Graded
Melissa, a sales agent, has noticed an increase in buyer phone calls and an
increase in house prices. She also read in the paper that new construction
was up 10%. What can this increase in housing be attributed to?
Correct Answer
increased demand
© 2025 Assignment Expert
Which of these actions would constitute actual notice?
Exampromax - Stuvia US
Correct Answer
Christine looks up the deed for a property she's interested
in buying.
Which of these is NOT a requirement for seller financing?
Correct Answer
The loan must not be serviced by a processing company.
According to the Phillips curve, with what does low unemployment
correlate?
Correct Answer
inflationary pressures
What is meant when a promissory note is described as a negotiable
instrument?
, Exampromax - Stuvia US 2025/2026
2
Correct Answer
that it can be transferred
Which of these would be most likely to cause a borrower's mortgage to
default?
Correct Answer
failing to maintain proper insurance
© 2025 Assignment Expert
The Federal Housing Administration allows borrowers to:
Exampromax - Stuvia US
Correct Answer
put down a smaller down payment than conventional loans
What is the minimum down payment that allows a borrower to avoid
buying mortgage insurance premium (MIP)?
Correct Answer
20%
As a teacher, Shonda recently got a loan through the Texas Heroes Home
Loan Program. Which Texas agency oversees that program?
Correct Answer
Texas State Affordable Housing Corporation
, Exampromax - Stuvia US 2025/2026
3
Suppose a borrower has a monthly PITI payment of $650 and other long-
term liabilities totaling $250 per month. If she makes $3,300 a month, what
is her total debt service ratio?
Correct Answer
Another word for "debt service ratio" is "debt-to-income
ratio." Use this formula: (Monthly payment + Other debt) ÷
Monthly income = Debt-to-income ratio. ($650 + $250) ÷
$3,300 = 0.27 = 27%
How did the FDIC work to increase confidence in banks?
© 2025 Assignment Expert
Correct Answer
Exampromax - Stuvia US
It insured deposits, so people knew their money was safe.
What is the name of a professional who oversees the performance of and
financial reporting on an investment property?
Correct Answer
asset manager
What does the power of sale clause do?
Correct Answer
allow a lender take possession of a property without court
approval if a buyer defaults on their loan
What is a mortgage broker?
Correct Answer
1
Aceable agent Real Estate Finance Questions
and Answers and Graded
Melissa, a sales agent, has noticed an increase in buyer phone calls and an
increase in house prices. She also read in the paper that new construction
was up 10%. What can this increase in housing be attributed to?
Correct Answer
increased demand
© 2025 Assignment Expert
Which of these actions would constitute actual notice?
Exampromax - Stuvia US
Correct Answer
Christine looks up the deed for a property she's interested
in buying.
Which of these is NOT a requirement for seller financing?
Correct Answer
The loan must not be serviced by a processing company.
According to the Phillips curve, with what does low unemployment
correlate?
Correct Answer
inflationary pressures
What is meant when a promissory note is described as a negotiable
instrument?
, Exampromax - Stuvia US 2025/2026
2
Correct Answer
that it can be transferred
Which of these would be most likely to cause a borrower's mortgage to
default?
Correct Answer
failing to maintain proper insurance
© 2025 Assignment Expert
The Federal Housing Administration allows borrowers to:
Exampromax - Stuvia US
Correct Answer
put down a smaller down payment than conventional loans
What is the minimum down payment that allows a borrower to avoid
buying mortgage insurance premium (MIP)?
Correct Answer
20%
As a teacher, Shonda recently got a loan through the Texas Heroes Home
Loan Program. Which Texas agency oversees that program?
Correct Answer
Texas State Affordable Housing Corporation
, Exampromax - Stuvia US 2025/2026
3
Suppose a borrower has a monthly PITI payment of $650 and other long-
term liabilities totaling $250 per month. If she makes $3,300 a month, what
is her total debt service ratio?
Correct Answer
Another word for "debt service ratio" is "debt-to-income
ratio." Use this formula: (Monthly payment + Other debt) ÷
Monthly income = Debt-to-income ratio. ($650 + $250) ÷
$3,300 = 0.27 = 27%
How did the FDIC work to increase confidence in banks?
© 2025 Assignment Expert
Correct Answer
Exampromax - Stuvia US
It insured deposits, so people knew their money was safe.
What is the name of a professional who oversees the performance of and
financial reporting on an investment property?
Correct Answer
asset manager
What does the power of sale clause do?
Correct Answer
allow a lender take possession of a property without court
approval if a buyer defaults on their loan
What is a mortgage broker?
Correct Answer
