The CE Shop :Final Exam Georgia
Questions and Answers Graded A+
What is a general lien?
A claim against a person and all of that person's property
A claim against a specific piece of property
A type of mortgage lien
A type of tax lien - Correct answer-A claim against a person and all of that person's
property
Which of the following discriminatory practice does the Home Mortgage
Disclosure Act (HMDA) seek to address?
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,Blockbusting
Credit reporting
Mortgage applications
Redlining - Correct answer-Redlining
What is a real estate mortgage investment conduit (REMIC)?
A company that owns, and usually operates, income-producing real estate
An entity used to pool mortgage loans and issue mortgage-backed securities
An organization that manages income-producing real estate properties.
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,An organization with many investors who jointly participate in a real estate
investment - Correct answer-An entity used to pool mortgage loans and issue
mortgage-backed securities
Radon has natural origins and is a colorless, odorless, radioactive gas that's
released when ______ decays.
Kryptonite
Lead
Radonite
Uranium - Correct answer-Uranium
Which of the following statements applies to both employees and independent
contractors?
They can set their own work hours.
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, They're both supervised.
They're not required to work in a specific location.
They're paid by the job and not by the hour - Correct answer-They're both
supervised.
Which of the following statements about junior loans is true?
A junior loan cannot have a higher principal than a senior loan.
A senior loan must be repaid before a junior loan.
The interest rate is usually higher than for a senior loan.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
Questions and Answers Graded A+
What is a general lien?
A claim against a person and all of that person's property
A claim against a specific piece of property
A type of mortgage lien
A type of tax lien - Correct answer-A claim against a person and all of that person's
property
Which of the following discriminatory practice does the Home Mortgage
Disclosure Act (HMDA) seek to address?
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,Blockbusting
Credit reporting
Mortgage applications
Redlining - Correct answer-Redlining
What is a real estate mortgage investment conduit (REMIC)?
A company that owns, and usually operates, income-producing real estate
An entity used to pool mortgage loans and issue mortgage-backed securities
An organization that manages income-producing real estate properties.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
,An organization with many investors who jointly participate in a real estate
investment - Correct answer-An entity used to pool mortgage loans and issue
mortgage-backed securities
Radon has natural origins and is a colorless, odorless, radioactive gas that's
released when ______ decays.
Kryptonite
Lead
Radonite
Uranium - Correct answer-Uranium
Which of the following statements applies to both employees and independent
contractors?
They can set their own work hours.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
, They're both supervised.
They're not required to work in a specific location.
They're paid by the job and not by the hour - Correct answer-They're both
supervised.
Which of the following statements about junior loans is true?
A junior loan cannot have a higher principal than a senior loan.
A senior loan must be repaid before a junior loan.
The interest rate is usually higher than for a senior loan.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
