REE 3433 Exam 3 prep Questions and Answers Already Passed Latest Update 2025-2026
The following description best characterizes which instrument listed below: "A debtor deeds legal title
to an independent third party who holds the deed as security for the creditor" - AnswersDeed of trust
The following description best characterizes which instrument listed below: "A debtor deeds legal title
to an independent third party who holds the deed as security for the creditor" - AnswersDeed of trust
A mortgage secures a deed to real property
-True
-False - Answers-False
A mortgage secures a deed to real property
-True
-False - Answers-False
Redlining occurs whenever lenders refuse to make mortgage loans to, or impose stricter mortgage
terms on, certain individuals.
-True
-False - Answers-False
Redlining occurs whenever lenders refuse to make mortgage loans to, or impose stricter mortgage
terms on, certain individuals.
-True
-False - Answers-False
Which of the following fair lending laws was created to fight predatory lending practices: - Answers-
Home Ownership and Equity Protection Act.
Which of the following fair lending laws was created to fight predatory lending practices: - Answers-
Home Ownership and Equity Protection Act.
Under a reverse annuity mortgage:
,- If the amount due the lender at the homeowner's death exceeds the value of the home, the Federal
Housing Administration will cover the loss.
- All of the above
- The homeowner receives a monthly payment from a bank as long as he remains in the home
- The lender receives a mortgage on the home but principal and interest are not due until the
homeowner dies or sells the property - Answers-All of the above
Under a reverse annuity mortgage:
- If the amount due the lender at the homeowner's death exceeds the value of the home, the Federal
Housing Administration will cover the loss.
- All of the above
- The homeowner receives a monthly payment from a bank as long as he remains in the home
- The lender receives a mortgage on the home but principal and interest are not due until the
homeowner dies or sells the property - Answers-All of the above
An acknowledgment made by a notary of the grantor's and the witnesses' signatures is not required to
make a deed legally valid, but it is required for recordation.
-True
-False - Answers-True
An acknowledgment made by a notary of the grantor's and the witnesses' signatures is not required to
make a deed legally valid, but it is required for recordation.
-True
-False - Answers-True
A document can be rejected from a recorder's office for not having the proper color ink or size of
characters.
, -True
-False - Answers-True
A document can be rejected from a recorder's office for not having the proper color ink or size of
characters.
-True
-False - Answers-True
A deed is a written or oral conveyance of real estate from one party to another
-True
-False - Answers-False
A deed is a written or oral conveyance of real estate from one party to another
-True
-False - Answers-False
An exception is something taken back from the grant of real estate while a reservation is some part of
the estate which is not granted
-True
-False - Answers-False
An exception is something taken back from the grant of real estate while a reservation is some part of
the estate which is not granted
-True
-False - Answers-False
Trahan privately signed the deed to his property naming his daughter Beverly as grantee. He did not,
however, tell her what he had done. Trahan continued to live and pay taxes on the property. When he
The following description best characterizes which instrument listed below: "A debtor deeds legal title
to an independent third party who holds the deed as security for the creditor" - AnswersDeed of trust
The following description best characterizes which instrument listed below: "A debtor deeds legal title
to an independent third party who holds the deed as security for the creditor" - AnswersDeed of trust
A mortgage secures a deed to real property
-True
-False - Answers-False
A mortgage secures a deed to real property
-True
-False - Answers-False
Redlining occurs whenever lenders refuse to make mortgage loans to, or impose stricter mortgage
terms on, certain individuals.
-True
-False - Answers-False
Redlining occurs whenever lenders refuse to make mortgage loans to, or impose stricter mortgage
terms on, certain individuals.
-True
-False - Answers-False
Which of the following fair lending laws was created to fight predatory lending practices: - Answers-
Home Ownership and Equity Protection Act.
Which of the following fair lending laws was created to fight predatory lending practices: - Answers-
Home Ownership and Equity Protection Act.
Under a reverse annuity mortgage:
,- If the amount due the lender at the homeowner's death exceeds the value of the home, the Federal
Housing Administration will cover the loss.
- All of the above
- The homeowner receives a monthly payment from a bank as long as he remains in the home
- The lender receives a mortgage on the home but principal and interest are not due until the
homeowner dies or sells the property - Answers-All of the above
Under a reverse annuity mortgage:
- If the amount due the lender at the homeowner's death exceeds the value of the home, the Federal
Housing Administration will cover the loss.
- All of the above
- The homeowner receives a monthly payment from a bank as long as he remains in the home
- The lender receives a mortgage on the home but principal and interest are not due until the
homeowner dies or sells the property - Answers-All of the above
An acknowledgment made by a notary of the grantor's and the witnesses' signatures is not required to
make a deed legally valid, but it is required for recordation.
-True
-False - Answers-True
An acknowledgment made by a notary of the grantor's and the witnesses' signatures is not required to
make a deed legally valid, but it is required for recordation.
-True
-False - Answers-True
A document can be rejected from a recorder's office for not having the proper color ink or size of
characters.
, -True
-False - Answers-True
A document can be rejected from a recorder's office for not having the proper color ink or size of
characters.
-True
-False - Answers-True
A deed is a written or oral conveyance of real estate from one party to another
-True
-False - Answers-False
A deed is a written or oral conveyance of real estate from one party to another
-True
-False - Answers-False
An exception is something taken back from the grant of real estate while a reservation is some part of
the estate which is not granted
-True
-False - Answers-False
An exception is something taken back from the grant of real estate while a reservation is some part of
the estate which is not granted
-True
-False - Answers-False
Trahan privately signed the deed to his property naming his daughter Beverly as grantee. He did not,
however, tell her what he had done. Trahan continued to live and pay taxes on the property. When he
