Borrowers Study guides, Class notes & Summaries
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Champions Real Estate Finance Exam Questions and Answers 2023
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_____ 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 monet...
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RECA Fundamentals of Mortgage Brokerage 2023 Exam
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Which of the following is part of RECA's commitment to consumer protection? - AnswerWhat are some benefits that mortgage brokerage trade associations offer their 
members? - Answer- Licensing Standards for mortgage industry members 
Which entity has the authority to amend the Act? - Answer- Provincial Legislators 
Which of the following represents an accountability mechanism that RECA must comply 
with under the Act? - Answer- Previous Fiscal year 
In addition to mortgage brokerage trade associ...
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SOMB II Practice Test | questions and answers with complete solution
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SOMB II Practice Test | questions and answers with complete solution 
 
When refinances as a percentage of total originations rise, does profitability at large banks tend to rise or to fall? - Fall 
What are the top three Mortgage lender's main sources of income? - - Fees negotiated at origination 
- Gain on sale 
- Interest Income 
Interest income earned at the note rate from the date a loan closes until it is sold belongs to? - The lender 
Which type of loan sale generates the most revenue...
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Test Bank Of Financial Institutions Management A Risk Management Approach 9th Edition by Saunders
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Chapter 03 
Financial Services: Finance Companies 
 
 
 True / False Questions 
1. Finance companies differ from banks in that they do not accept deposits. TRUE 
 
2. Finance companies have been among the slowest growing FI groups in recent years. FALSE 
 
3. General Electric Capital Corporation (GECC) provides services to more than 15 million businesses and consumer is Asia alone. TRUE 
 
4. In 2008, GE Capital Corporation accounted for approximately 50 percent...
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NMLS MLO TEST| 362 questions| with complete solutions
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Which law ensures lenders use an annual percentage rate (APR) so that the borrowers have the information they need to make informed comparisons? Correct Answer: Regulation Z 
 
Which law ensures that some borrowers have the right of rescission for three business days after a loan contract is signed? Correct Answer: Regulation Z 
 
While it is unlawful to consider race when underwriting a loan, what federal legislation requires that this information be included on the loan application? Correct ...
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Aceable Agent Texas Real Estate Principles I questions and answers
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Broker's Price Opinion (BPO) 
A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property 
 
 
 
Closing 
The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount 
 
 
 
Comparative Market Analysis (CMA) 
A report comparing the prices of sold homes that are similar to the subject property (called comparables), created by a license ho...
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REE Final Exam Questions with complete solutions
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The element of an adjustable interest rate that is the "moving part" is the: 
A. Teaser rate 
B. Index 
C. Margin 
D. Adjustment period 
E. Adjustment caps Correct Answer-B. Index 
the index rate represents the lenders cost of funds. the index rate is determined by the market, whereas the other answers are all fixed and specified in the note. 
 
Suppose a bank recognizes substantial deterioration in a borrowers credit score and notifies him that he must pay his home equity line of credit in f...
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NSA Notary correct answers 100% rated
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NSA Notary correct answers 100% rated 
A Notary Signing Agent has been providing signing services with no incidents for over 10 years without having undergone a background screening. Therefore he or she: 
Must still obtain and pass a background screening 
 
 
 
A Notary Signing Agent with nearly 10 years experience has reviewed and is completely familiar with all the documents in a loan package. When meeting with the borrower, the Notary Signing Agent may now: 
Present and state the general purp...
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W!SE Financial Literacy Certification Test questions and answers
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Earned Income 
Income derived from active participation 
in a trade or business, including wages, salary, tips, 
commissions and bonuses. 
 
 
 
Unearned Income 
Any income that comes from investments and other sources unrelated to employment services. Examples: interest from a savings account, bond interest, alimony, and dividends from stock 
 
 
 
Exemptions (aka allowance) and how they work 
If you are not claimed as a dependent on another 
taxpayer's return, then you can claim one personal ...
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45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 | 100% Verified.
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45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 | 100% Verified. When consumers, lured by lower prices, venture back into the market, business activity increases 
and confidence begins to return. Slowly, production facilities gear up to meet the new consumer 
demand, capital begins to flow back into business enterprises, and additional employees are 
hired. 
The three types of operating expenses of an income property are 
A) 
fixed, debt service, and...
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