REAL ESTATE FINANCE CHAMPIONS NEWEST
COMPLETE 200 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
_____ is the consummation of a contractual real estate transaction in which all
appropriate documents are signed, and the mortgage loan proceeds are disbursed
by the lender. - ANSWER: Closing
The primary determinants of real estate values are supply and _____. - ANSWER:
Demand
_____ is something of value that can be pledged as security for repayment of a loan.
- ANSWER: Collateral
Servicing includes which of the following activities? - ANSWER: Maintaining records
of payment
The monetary policies of the _____affects interest rates and the availability of funds.
- ANSWER: Federal Reserve
An excess supply of money in the market results in monetary _____. - ANSWER:
Inflation
Which agency insures deposits in banks and thrift institutions for up to $250,000? -
ANSWER: The Federal Deposit Insurance Corporation
The _____ is the interest rate a reserve bank charges eligible financial institutions to
borrow funds on a short-term basis. - ANSWER: Discount rate
Raising taxes and increasing borrowing are two ways at the treasury level to: -
ANSWER: Raise funds to pay for government spending
The Fed uses three primary monetary policy tools to influence the cost and
availability of credit: open market operations, the discount rate, and _____. -
ANSWER: Reserve requirements
When the costs of production and services increase, causing manufacturing prices to
rise, it is called _____. - ANSWER: Cost-push inflation
Which of the following transactions is exempt from RESPA? - ANSWER: Temporary
loans
Under the _____, the use of certain terms in an advertisement triggers the need for
full disclosure of lending terms. - ANSWER: Truth in Lending Act
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jrein8742. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
