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Texas Principles of Real Estate - Part 2 Questions & Answers(GRADED A+) $14.99   Add to cart

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Texas Principles of Real Estate - Part 2 Questions & Answers(GRADED A+)

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The liquidation of a financial obligation on an installment basis is referred to as...? Buy-down Discounting Amortization None of the above - ANSWER Amortization Which of the following is used by lenders to increase the lender's yield on the loan without increasing the annual interest rate....

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  • September 25, 2024
  • 67
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Texas Principles of Real Estate -
  • Texas Principles of Real Estate -
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Texas Principles of Real Estate - Part 2
Questions & Answers(GRADED A+)

The liquidation of a financial obligation on an installment basis is referred to as...?

Buy-down

Discounting

Amortization

None of the above - ANSWER Amortization



Which of the following is used by lenders to increase the lender's yield on the loan without
increasing the annual interest rate...?

Amortization

Loan discount points

Balloon payments

Reduced broker fees - ANSWER Loan discount points



The term "point" is slang:

0.1%

1%

2%

10% - ANSWER 1%



In an improper fraction, the ............... is larger than the denominator?

Numerator

Root

Decimal

Integer - ANSWER Numerator



5/4 is an example of a/an...?

,Integrated fraction

Root fraction

Improper fraction

Proper fraction - ANSWER Improper fraction



Improper fractions are always greater than...?

0.01

0.1

0.5

1 - ANSWER 1



1-1/4 is an example of a...?

Proper fraction

Mixed number

Numerator

Denominator - ANSWER Mixed number



8/7 is an example of a/an...?

Improper fraction

Integrated fraction

Root fraction

Proper fraction - ANSWER Improper fraction



8/5 is equal to...?

0.625

1.6

1.8

5.0 - ANSWER 1.6



The bottom number in a written fraction is called the...?

Denominator

,Numerator

Root

Integer - ANSWER Denominator



Which of the following loan terms will yield the highest monthly mortgage payment...?

10 years

15 years

20 years

30 years - ANSWER 10 years



The liquidation of a financial obligation on an installment basis is referred to as...?

Buy-down

Discounting

Amortization

None of the above - ANSWER Amortization



Which of the following is used by lenders to increase the lender's yield on the loan without
increasing the annual interest rate...?

Amortization

Loan discount points

Balloon payments

Reduced broker fees - ANSWER Loan discount points



If a lender charges a 1 point origination fee, what will be the cost of the origination fee...?

0.1% of the loan

1% of the loan

2% of the loan

10% of the loan - ANSWER 1% of the loan



A fibrous mineral found in many building materials that when improperly disturbed, can cause
serious lung diseases is known as...?

Asbestos

, Radon

UFFI

Mold - ANSWER Asbestos



A quality of some asbestos that causes it to crumble, allowing toxic particles to escape into the air
and lodge in people's lungs is known as...?

Malleable

Expandable

Friable

Contracting - ANSWER Friable



A type of foam containing formaldehyde, a gaseous compound used for home insulating until the
early 1980's, is known as...?

Polystyrene Insulation

Extruded Polystyrene Insulation

Mineral Wool Insulation

Urea-Formaldehyde Foam Insulation - ANSWER Urea-Formaldehyde Foam Insulation



Asbestos is primarily harmful when it is disturbed...?

T (True)

F (False) - ANSWER T (True)



Mold growth is most associated with...?

Water damage

Proper ventilation

Asbestos

Carbon monoxide - ANSWER Water damage



Which of the following loan terms will yield the lowest monthly mortgage payment...?

10 years

15 years

20 years

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