Loan origination exam 1 - Study guides, Class notes & Summaries
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Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers.
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Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers. 
The minimum downpayment on a VA loan is: 
 
(a) 2% of the sales price 
 
(b) 0% of the sales price 
 
(c) 3.75% of the sales price 
 
(d) 1% of the sales price - Answer- B 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding 
 
(c) Underwriting 
 
(d) Servicing 
* - Answer- A 
A veteran can have more than one VA loan: 
 
(a) If the prior VA loan was paid in full and the property disposed of ...
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Superior School of Real Estate Final Exam| Questions and Answers, 100% Correct| Latest 2024
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Superior School of Real Estate Final Exam| Questions and Answers, 100% Correct| Latest 2024 
Superior School of Real Estate Final Exam| 
Questions and Answers, 100% Correct| 
Latest 2024 
Which of the following would create legally binding acceptance of a written offer? 
The seller's agent emails the buyer's agent that the seller signed the offer as written. 
A broker is preparing a comparative market analysis (CMA) for a subject property 
with 3200 square feet. A comparable property has 27...
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Superior School Of Real Estate Exam QUESTIONS & Revised CORRECT ANSWERS <UPDATED&ALREADYPASSED>
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Superior School Of Real Estate Exam 
QUESTIONS & Revised CORRECT 
ANSWERS 
<UPDATED&ALREADYPASSED> 
Which of the following would create legally binding 
acceptance of a written offer? - ANSWER : The seller's 
agent emails the buyer's agent that the seller signed the 
offer as written. 
A broker is preparing a comparative market analysis 
(CMA) for a subject property with 3200 square feet. A 
comparable property has 2750 square feet. The estimated 
value of 450 additional square fe...
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PreLicensing Final Exam| Q & A, 100% verified| 2024
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PreLicensing Final Exam| Q & A, 100% verified| 2024 
PreLicensing Final Exam| Q & A, 100% 
verified| 2024 
A broker advertises his listing as waterfront. The property has a great view of the 
lake, but there is another lot located b/w the listed property & the lakeshore. The 
listing agent may be guilty of 
Willful 
B. Misrepresentation 
A broker engaging in property management is generally tasked by the property 
owner with 
C. Reinvesting profits to build the owner's investment portfolio...
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Real Estate Finance I-CHAMPIONS Exam Questions with correct Answers
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Real Estate Finance I-CHAMPIONS Exam 
Questions with correct Answers 
 
Periodic payment amounts such as principal & interest, estimated escrow, estimated 
monthly payment, and __________ must be disclosed in the Projected Payments section of 
the Loan Estimate form. 
(a) Mortgage Insurance 
(b) Homeowner's insurance 
(c) Property value 
(d) Estimated inspection cost - A 
___________ relates to Federal Government spending. 
(a) Monetary policy 
(b) Legislative policy 
(c) Reserve requirement...
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Real Estate Finance I-CHAMPIONS Exam Questions And Answers.
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Real Estate Finance I-CHAMPIONS Exam Questions And Answers. 
The minimum downpayment on a VA loan is: 
 
(a) 2% of the sales price 
 
(b) 0% of the sales price 
 
(c) 3.75% of the sales price 
 
(d) 1% of the sales price 
B 
 
 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding 
 
(c) Underwriting 
 
(d) Servicing 
A 
 
 
A veteran can have more than one VA loan: 
 
(a) If the prior VA loan was paid in full and the property disposed of 
 
(b) The prior V...
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HECM Exam questions and correct answer
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HECM Exam questions and correct answers 
A reverse mortgage is... - ANSWERS a loan against the value of a home that provides 
cash advances to a borrower, requiring no repayment until a future time. 
A reverse mortgage is different from a home equity loan because - ANSWERS You do 
not have to make monthly repayments on a reverse mortgage 
A reverse mortgage must be repaid - ANSWERS When the last eligible borrower dies, 
sells, or permanently moves away 
The purpose of a reverse mortgage is mo...
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Real Estate Finance I – CHAMPIONS Exam 1 (2024) || Questions & Answers (Graded A+)
- Exam (elaborations) • 15 pages • 2024
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Real Estate Finance I – CHAMPIONS Exam 1 (2024) || Questions & Answers (Graded A+) 
Real Estate Finance I – CHAMPIONS Exam 1 (2024) || Questions & Answers (Graded A+) 
 
The minimum downpayment on a VA loan is: 
 
(a) 2% of the sales price 
 
(b) 0% of the sales price 
 
(c) 3.75% of the sales price 
 
(d) 1% of the sales price - ANSWER - B 
 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding 
 
(c) Underwriting 
 
(d) Servicing 
 
* - ANSWER...
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REAL ESTATE FINANCE ICHAMPIONS EXAM QUESTIONS AND ANSWERS 2024 GRADED A+.
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REAL ESTATE FINANCE ICHAMPIONS EXAM QUESTIONS 
AND ANSWERS 2024 GRADED A+. 
2 / 32 
1. The minimum downpayment on a VA loan is: 
(a) 2% of the sales price 
(b) 0% of the sales price 
(c) 3.75% of the sales price 
(d) 1% of the sales price: B 
2. is the process of creating a new mortgage loan. 
(a) Origination 
(b) Funding 
(c) Underwriting 
(d) Servicing 
*: A 
3. A veteran can have more than one VA loan: 
(a) If the prior VA loan was paid in full and the property disposed of 
(b) The priorVA lo...
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Superior School of Real Estate Final Exam Questions and Answers 100% Pass
- Exam (elaborations) • 27 pages • 2024
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Superior School of Real Estate Final Exam Questions and Answers 100% Pass Which of the following would create legally binding acceptance of a written offer? The seller's agent emails the buyer's agent that the seller signed the offer as written. 
A broker is preparing a comparative market analysis (CMA) for a subject property with 3200 square feet. A comparable property has 2750 square feet. The estimated value of 450 additional square feet is $22,500. The broker should... Add $22,500 to the s...
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