Missed Questions from Exam Prep Class
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| What is sufficient cause for Escheat? | show 🗑
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| show | an appraisal
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| What is the highest weighted criteria for an appraiser using the income approach? | show 🗑
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| show | GRM is the price per rent and is calculated by dividing the average neighborhood price by the average monthly rent
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| show | Yes, if prepared in the broker's name and payment is paid to the broker.
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| show | Always hire professional inspectors if not qualified.
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| CERLA is under the administration of | show 🗑
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| How long does the seller have to keep a copy of the Lead Paint Disclosure | show 🗑
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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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Created by:
deidresj
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