Texas Pre-License - Real Estate Finance:
Level 1 Questions & Correct and Verified
Answers.Latest update2025/2026 Graded
A+, Exams of Nursing
What should an agent ask a new buyer client to do?
-get pre-approved for a loan
-use a specific lender
-estimate monthly payments from online listings
-pick out properties before getting pre-approval - CORRECT ANSWERS get pre-approved for a
loan
*An agent should make sure that a new buyer client connects with a lender and gets pre-approved for a
loan before picking out properties.*
The process of obtaining ______ requires that the borrower submit a mortgage application, credit
report, and supporting financial documentation. - CORRECT ANSWERS pre-approval
What is NOT a sign of recession?
-high unemployment
-low retail sales
-increasing real estate sales
-less economic activity - CORRECT ANSWERS increasing real estate sales
*Signs of recession include high unemployment, lower retail sales, and more stagnant real estate sales.
Economic activity would drastically decline and stay that way for more than a few months*
The government influences the price of real estate in three ways:
1. Controlling the supply of _____
, 2. Lowering or raising _____
3. Giving ____ exemptions - CORRECT ANSWERS 1. money
2. interest rates
3. taxes
How can local governments influence real estate market economies?
-Local governments can raise federal taxes.
-All mayors have a seat on local real estate boards.
-They can lower interest rates.
-Zoning policies can be adopted to either encourage or slow down the growth of the community. -
CORRECT ANSWERS Zoning policies can be adopted to either encourage or slow down the
growth of the community.
*Local governments can influence local real estate economies by imposing zoning policies to either
encourage or slow down the growth of the community.*
Portfolio banks are:
-local banks that lend their own money and do not sell their loans on the secondary market
-local banks that bring together a borrower and a lender in order to create a mortgage
-entities that provide mortgage financing with their own funds
-national banks that package and sell loans to larger investors - CORRECT ANSWERS local
banks that lend their own money and do not sell their loans on the secondary market
With a thorough evaluation of the buyer's credit, the lender's risk would be:
-erased
-maximized
-stabilized
-limited - CORRECT ANSWERS limited
Level 1 Questions & Correct and Verified
Answers.Latest update2025/2026 Graded
A+, Exams of Nursing
What should an agent ask a new buyer client to do?
-get pre-approved for a loan
-use a specific lender
-estimate monthly payments from online listings
-pick out properties before getting pre-approval - CORRECT ANSWERS get pre-approved for a
loan
*An agent should make sure that a new buyer client connects with a lender and gets pre-approved for a
loan before picking out properties.*
The process of obtaining ______ requires that the borrower submit a mortgage application, credit
report, and supporting financial documentation. - CORRECT ANSWERS pre-approval
What is NOT a sign of recession?
-high unemployment
-low retail sales
-increasing real estate sales
-less economic activity - CORRECT ANSWERS increasing real estate sales
*Signs of recession include high unemployment, lower retail sales, and more stagnant real estate sales.
Economic activity would drastically decline and stay that way for more than a few months*
The government influences the price of real estate in three ways:
1. Controlling the supply of _____
, 2. Lowering or raising _____
3. Giving ____ exemptions - CORRECT ANSWERS 1. money
2. interest rates
3. taxes
How can local governments influence real estate market economies?
-Local governments can raise federal taxes.
-All mayors have a seat on local real estate boards.
-They can lower interest rates.
-Zoning policies can be adopted to either encourage or slow down the growth of the community. -
CORRECT ANSWERS Zoning policies can be adopted to either encourage or slow down the
growth of the community.
*Local governments can influence local real estate economies by imposing zoning policies to either
encourage or slow down the growth of the community.*
Portfolio banks are:
-local banks that lend their own money and do not sell their loans on the secondary market
-local banks that bring together a borrower and a lender in order to create a mortgage
-entities that provide mortgage financing with their own funds
-national banks that package and sell loans to larger investors - CORRECT ANSWERS local
banks that lend their own money and do not sell their loans on the secondary market
With a thorough evaluation of the buyer's credit, the lender's risk would be:
-erased
-maximized
-stabilized
-limited - CORRECT ANSWERS limited
