1|Page
AYPO REAL ESTATE FINANCE LATEST 2025 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
The differences between mortgage, bankers, and mortgage
brokers are best described by which of the following? - ANSWER-
The mortgage broker can work with multiple lenders and only get
paid if the loan closes, while the mortgage bankers are salaried
employees of the lender and work only with that lender
The types of loan that a commercial bank issues - ANSWER-to
vary
_____ is one of the more common non-banking activities
undertaken by some banks - ANSWER-insurance
Which of the following is a common characteristic of Savings and
Loan banks? - ANSWER-They are locally owned and privately
managed
,2|Page
Which of the following statements is not true? - ANSWER-The
promissory note is recorded with the county land records
Which of these is not a type of easement? - ANSWER-In trust
An easement appurtenant attaches to which of these? -
ANSWER-A specific piece of land
What differentiates a deed of trust from a mortgage is best
described by which of these? - ANSWER-A mortgage involves
only the borrower and the lending institution, while a deed of trust
includes a third-party trustee
Texas is which form of state in terms of real estate transactions? -
ANSWER-Lien theory state
Which of these clauses allows a borrower to transfer a mortgage
attached to a property, along with the title, to another owner? -
ANSWER-Assumption
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A lien is said to be "perfected" by which of the following? -
ANSWER-When the lien is recorded with the appropriate public
agency
An equity line of credit would be considered _________ to a first
mortgage. - ANSWER-junior
The role of purpose of the promissory note is best described by
which of the following? - ANSWER-It is essentially an I owe you
promising to repay the loan
Interest rates that are based on a flat percentage of the loan and
not compounded could be what kind of interest loans? -
ANSWER-1. Simple
2. Annual
FHA Title I loans generally are for: - ANSWER-manufactured
homes
AYPO REAL ESTATE FINANCE LATEST 2025 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
The differences between mortgage, bankers, and mortgage
brokers are best described by which of the following? - ANSWER-
The mortgage broker can work with multiple lenders and only get
paid if the loan closes, while the mortgage bankers are salaried
employees of the lender and work only with that lender
The types of loan that a commercial bank issues - ANSWER-to
vary
_____ is one of the more common non-banking activities
undertaken by some banks - ANSWER-insurance
Which of the following is a common characteristic of Savings and
Loan banks? - ANSWER-They are locally owned and privately
managed
,2|Page
Which of the following statements is not true? - ANSWER-The
promissory note is recorded with the county land records
Which of these is not a type of easement? - ANSWER-In trust
An easement appurtenant attaches to which of these? -
ANSWER-A specific piece of land
What differentiates a deed of trust from a mortgage is best
described by which of these? - ANSWER-A mortgage involves
only the borrower and the lending institution, while a deed of trust
includes a third-party trustee
Texas is which form of state in terms of real estate transactions? -
ANSWER-Lien theory state
Which of these clauses allows a borrower to transfer a mortgage
attached to a property, along with the title, to another owner? -
ANSWER-Assumption
, 3|Page
A lien is said to be "perfected" by which of the following? -
ANSWER-When the lien is recorded with the appropriate public
agency
An equity line of credit would be considered _________ to a first
mortgage. - ANSWER-junior
The role of purpose of the promissory note is best described by
which of the following? - ANSWER-It is essentially an I owe you
promising to repay the loan
Interest rates that are based on a flat percentage of the loan and
not compounded could be what kind of interest loans? -
ANSWER-1. Simple
2. Annual
FHA Title I loans generally are for: - ANSWER-manufactured
homes
