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Question 1 1. Calvin not only has to make a loan payment every month but also escrow payments for insurance and taxes. Which of the following is the most precise name we can call Calvin's payment?
Question 2 2. During the student loan application process, Sandy signed a document that contained the name of the borrower, the name of the lender, the amount borrowed, the interest rate, the date the note was signed, and the first payment due date. This document is known as a:
Question 3 3. Which of the following is the correct formula for rate of return?
Question 4 4. Most real estate transfer fees are extremely _____ in nature.
Question 5 5. When Pamona's doorbell rang at her San Francisco, California condo and the mailman was standing there with a big box with her name on it, she could only think her boyfriend finally remembered her birthday. Much to her dismay, it was not a birthday gift from him. Rather, it was a new food processor from a company she did not recognize. What happens now?
Question 6 6. In Krysa vs. Payne, Payne intentionally misrepresented facts about the truck they were trying to sell to the Krysa family. They knowingly misrepresented these facts hoping the Krysa family would believe them and buy the truck. What is this called?
Question 7 7. What does private mortgage insurance do?
Question 8 8. Ben is obtaining FHA financing. Which of the following may be his lender?
Question 9 9. Mineral rights may include rights to all but which of the following?
Question 10 10. Land ownership is unique, because it usually includes many different types of rights. This is known as:
Question 11 11. What information is not covered by the fiduciary duty of confidentiality?
Question 12 12. Which of the following states allows real estate agents to establish a dual agency relationship?
Question 13 13. What must the tenant pay in a gross lease?
Question 14 14. If a property manager commits a fair housing violation, who could face government penalties?
Question 15 15. A ____ gives a deed in lieu of foreclosure, and a ____ receives it.
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