Missed Questions from Exam Prep Class
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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What is sufficient cause for Escheat? | show 🗑
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A Court order partition involving joint tenancy requires | show 🗑
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show | NAI (Net Annual Income) or NOI (Net Operating Income)
The capitalization rate/ rate of return and the market value are components of the formula but not the highest weighted criteria
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How is GRM calculated? | show 🗑
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Can a sales license holder prepare a BPO | show 🗑
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Should a sales license holder perform basic test for hazardous materials? | show 🗑
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show | the EPA
HUD oversees FHA and Fair Housing
CFPB oversee RESPA, ECOA, Equal Housing and Truth in Lending
FTC administers trade and "No call" list
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show | 3 years
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show | On a high LTV conventional loan (Where borrower is putting a down payment of less than 20%.
- MIP is used on FHA loans
- Secondary and high risk loans require higher interest rates
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show | The loan amount.
Discount points are applied to the loan in lieu of a higher interest rate. Origination points protect the lender from prepayment/ loss of interest.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
deidresj
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