Exam (elaborations)
Real Estate Finance Final Exam: Questions & Answers
- Course
- Real Estate Finance
- Institution
- Real Estate Finance
Real Estate Finance Final Exam: Questions & Answers
[Show more]
Content preview
Real Estate Finance Final Exam:Questions & Answers
personal property that is often included with real estate is called Correct
Ans - chattel
a fuidciary relationship is Correct Ans - a personal with a relationship
of finanical trust, a special agency reglationship
The federal reserve is empowered to Correct Ans - Set, oversee and
contraol
an estates that remains for the life of the estate is the Correct Ans - life
estate
the first bank was Correct Ans - the bank of the united states
The federal reserve system overseend by Correct Ans - Board of
Governors
The highest form of possessory interest Correct Ans - Fee simple
estate
legal power to print money is Correct Ans - power of currency
prime rate Correct Ans - given to best csutomers
impact fees Correct Ans - regulation levied on new housing projects
A grant deed implies Correct Ans - an implied warranty
on a promissory note the borrower is the Correct Ans - maker or
payor or obligor
who is the owner of the deed of trust? Correct Ans - Trustor
, in california what is the most often form of deed Correct Ans - Trustee
sale
Regulzation B made it illegal to Correct Ans - discriminate by intent
practice or by effect
Regultion Z Correct Ans - disclure, recession or
of the three which is a govenrmental agency Correct Ans - GNMA
Portfolio Loan Correct Ans - held by the lender and not sold
FIRREA is Correct Ans - Financial institutions Reform, Recovery and
Enforcement Act which governs all federally related transactions
FIRREA Correct Ans - protects all of the the above
Pension plans are proected by Correct Ans - ERISA
Insurance companies Correct Ans - lower for cost
stock certificate is Correct Ans - ownership document
Primary market Correct Ans - are local lending instutituions
FNMA Correct Ans - Fannie Mae
FHLMC Correct Ans - Freddie Mac
GNMA Correct Ans - Ginne Mae
fannnie mae and freedie mac Correct Ans - are government sponsored
enterprises
When the demand for housing increases Correct Ans - prices increase
Predatory loan practices include Correct Ans - usury, deception and
fraud
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 LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$17.95. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80364 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now