CHAMPIONS SCHOOL OF REAL ESTATE – REAL ESTATE FINANCE 1 EXAM 60 QUESTIONS WITH COMPLETE SOLUTIONS 2025 (VERIFIED ANSWERS) A+ RATED.
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CHAMPIONS SCHOOL OF REAL ESTATE – REAL ESTATE FIN
Institution
CHAMPIONS SCHOOL OF REAL ESTATE – REAL ESTATE FIN
CHAMPIONS SCHOOL OF REAL ESTATE – REAL
ESTATE FINANCE 1 EXAM 60 QUESTIONS WITH
COMPLETE SOLUTIONS 2025 (VERIFIED ANSWERS)
A+ RATED.
The monetary policies of the _____affects interest rates and the availability of funds. -
ANSWER -Federal Reserve
An excess supply of money in the market re...
CHAMPIONS SCHOOL OF REAL ESTATE – REAL
ESTATE FINANCE 1 EXAM 60 QUESTIONS WITH
COMPLETE SOLUTIONS 2025 (VERIFIED ANSWERS)
A+ RATED.
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 Dodd-Frank Wall Street Reform and Consumer Protection Act established the
_____. - ANSWER -Consumer Financial Protection Bureau
How can Sylvia ensure that Victor is properly licensed as an RMLO? - ANSWER -She
can look him up in the NMLSR
The secondary mortgage market was designed to provide greater liquidity to the
residential real estate market, primarily by _____. - ANSWER -The sale of mortgage
loans as investments
, Loans originated to adhere to Fannie Mae, Freddie Mac, and Ginnie Mae requirements
for purchase are called _____. - ANSWER -Conforming loans
Which of the following housing objectives does Fannie Mae address? - ANSWER -
Regional imbalances of available mortgage credit, The origination of mortgages for sale,
The standardization of mortgage loans
A _____ lender is one who funds mortgage loans from deposits on hand, retaining the
loans long term. - ANSWER -Portfolio
is a government-sponsored enterprise with the mission of providing a secondary
market for agricultural real estate mortgage loans, rural housing mortgage loans, and
rural utility cooperative loans. - ANSWER -Farmer Mac
The secondary market provides greater _____ to the residential real estate market by
providing a steady supply of funds from investors. - ANSWER -Liquidity
Fannie Mae operates with _____ to enhance the flow of funds through the secondary
market to home buyers. - ANSWER -Private capital
The two largest issuers of Real Estate Mortgage Investment Conduits are _____ and
_____. - ANSWER -Fannie Mae and Freddie Mac
Which of the following statements is INCORRECT? - ANSWER -Ginnie Mae sells
mortgage-backed securities and purchases mortgage loans.
- ANSWER -
A(n) _____ is a person, corporation, or firm not otherwise in banking that provides its
own funds for mortgage financing purposes. - ANSWER -Mortgage banker
Which act increased the insurance coverage on all federally insured credit union
accounts up to $250,000? - ANSWER -Dodd-Frank Wall Street Reform Act
What type of property might an Equity Estate REIT purchase - ANSWER -Office
buildings, apartments, self storage
A _____ is a debt instrument. - ANSWER -Corporate bond
The primary market is where _____ go to borrow money. - ANSWER -Consumers
Which of the following lends money in the primary market? - ANSWER -Mortgage
companies, commercial banks, credit unions
____ is the least common form of mortgage financing. - ANSWER -seller financing
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