Freshy

Principles of Real Estate - chapter 8 Reconveyance Deed - Answer- An instrument used to transfer title back from a trustee to the equitable owner of real estate WRA-Around Trust Deed - Answer- A second trust deed for which the monthly payment includes the amount of monthly payment on the existing frist trust deed Equal Credit Opportunity - Answer- Federal law granting women financial independence and preventing lenders from considering such negative credit aspects as the possibili...

Real Estate Principles Unit 8 Review Questions A $450,000 house can be purchased with a $90,000 down payment using the principle of a. borrowed funds. b. leveraging. c. partial financing. d. home equity. - Answer- b. leveraging. The Fed can increase or decrease the amount of money in circulation by all of the following EXCEPT a. establishing the discount rate. b. issuing government securities. c. raising or lowering reserve requirements. d. buying and selling government securitie...

Principles of Real Estate 1 Final Exam If a real estate salesperson closes on a transaction, who pays the salesperson their commission? - Answer- The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? - Answer- Market Comparison Approach The market comparison approach is commonly used for this property type? - Answer- Residential The amount of goods offered for sale within a given mar...

Real Estate Principles Final Exam Anything that is fastened or attached to real property permanently is considered to be: - Answer- Real Property A quitclaim deed releases all present claims, rights and title of the: - Answer- Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: - Answer- Obtain a writ of execution Before a mechanics lien is effective it must be: - Answer- Verified and recorded Discrimination by ...

Real Estate Principles Chapters 1-15 Exam Prep A real estate salesperson is supervised by the buyer or seller. the seller. any licensed broker. the employing broker only - Answer- the employing broker only The employing broker is held accountable for the salesperson's conduct in performing business activities. When a real estate license expires, licensed activity must cease but the license may be renewed up to two years later. four years later. one year later. thr...

Wise practice test Credit When a person declares bankruptcy that fact will appear on the person?s credit report - Answer- B: for a 10 year period. uestion 2 : A person has three credit cards with very large outstanding balances and is unable to make payments on any of them. Which action should the person take? - Answer- C: Notify the credit card companies in order to negotiate a new payment plan. Question 3 : Which of the following is considered to be open-end credit? - Answer- ...

Wise Practice Exam Answers If you have caused an accident, which type of automobile insurance would cover damage to your own car? - Answer-Collision Matt and Eric are young men. Each has a good credit history. They work at the same company and make approximately the same salary. Matt has borrowed $6,000 to take a foreign vacation. Eric has borrowed $6,000 to buy a car. Who is likely to pay the lowest finance charge? - Answer-Eric will pay less because the car is collateral for the loan. ...

WISE Practice Test Question : To qualify for a Federal Housing Administration (FHA) loan, a person must generally A: have at least a high school diploma. B: have one-quarter of the cost of the home for a down-payment. C: fulfill income guidelines. D: provide two individuals to co-sign the loan. - Answer- C: fulfill income guidelines. A high school student has begun to investigate the field of finance as a career choice. In deciding about the field, the student should foc...

Wise Test Review - 50 questions A credit card is issued to John and Maria Davis. This month, John charges $100 and Maria makes no charges. When the bill is received who is legally responsible for paying the $100 - Answer- Both John and Maria A factor that can cause the price of a stock to DECREASE is the company - Answer- lowering its expectations of future earnings. A good financial goal should - Answer- be achievable in five years. A landlord never received the rent check sen...

WISE TEST In order to get spending under control, a person should first A. seek help on investing from a financial planner. B. consult a credit counseling service. C. create a budget of current income and expenses. D. subscribe to financial newsletters and magazines. - Answer- C Comparison shopping for a car is necessary because A. each dealer sells cars with different colors. B. lenders want to be sure consumers get the best price. C. the price for the car can vary a great deal...