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Use for BNI

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
One of two 100% financing programs   USDA Rural Housing  
Many buyers think they can't use a Realtor when purchasing a _______   New Build  
Pre-foreclosure sale   Short Sale  
A mortgage that can be transferred to another borrower   Assumable Mortgage  
A market with high inventory and low interest rates   Buyers Market  
An estimate of the value of a property based on an analysis of sales of properties with similar characteristics   Competitive Market Analysis  
Designation recognized by NAR for extensive knowledge in working with distressed properties   Short Sale and Foreclosure Resource  
Creating a win-win situation for all parties   Negotiation  
The relationship of trust that exists between sellers and buyers and their agents.   Agency  
A gov't backed rehab loan allowing a buyer to finance repairs at the time of purchase   203K  
Newlyweds, growing families, downsizing   Perfect Referrals  
A gov't backed loan program with only 3.5% down   FHA Loan  
Programs available for buyers to help with upfront costs   Downpayment Assistance  
A home that has been through the foreclosure process   REO or Bank Owned  
People moving into or out of the area   Relocation  
Preparing the home for sale   Staging  
A determination of the value of a property after existing liens are deducted   Equity  
The price that a piece of property sells for at a particular point in time   Market Value  


   


 

 

 
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Created by: Heather Brookey Heather Brookey on 2010-12-06




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