Champions Real Estate Finance Exam With 100% Correct Answers 2024
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Course
CHAMPIONS OF REAL ESTATE
Institution
CHAMPIONS OF REAL ESTATE
_____ 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. - Correct Answer-Closing
The primary determinants of real estate values are supply and _____. - Correct Answer-Demand
_...
Champions Real Estate Finance Exam With
100% Correct Answers 2024
_____ 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. - Correct
Answer-Closing
The primary determinants of real estate values are supply and _____. - Correct Answer-
Demand
_____ is something of value that can be pledged as security for repayment of a loan. - Correct
Answer-Collateral
Servicing includes which of the following activities? - Correct Answer-Maintaining records of
payment
The monetary policies of the _____affects interest rates and the availability of funds. - Correct
Answer-Federal Reserve
An excess supply of money in the market results in monetary _____. - Correct Answer-
Inflation
Which agency insures deposits in banks and thrift institutions for up to $250,000? - Correct
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. - Correct Answer-Discount rate
Raising taxes and increasing borrowing are two ways at the treasury level to: - Correct
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 _____. - Correct Answer-Reserve
requirements
When the costs of production and services increase, causing manufacturing prices to rise, it is
called _____. - Correct Answer-Cost-push inflation
Which of the following transactions is exempt from RESPA? - Correct Answer-Temporary
loans
Under the _____, the use of certain terms in an advertisement triggers the need for full
disclosure of lending terms. - Correct Answer-Truth in Lending Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act established the _____. -
Correct Answer-Consumer Financial Protection Bureau
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