Copyright

Professionals Involved in Financing Real Estate Purchases

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is the role of the underwriter?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. What is the difference between a mortgage broker and a loan officer?

2. How are appraisers paid?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Check your understanding of the professionals involved in financing real estate purchases by using this quiz and worksheet combo. Quiz questions will focus on topics such as the role of the underwriter and the difference between a mortgage broker and a loan officer.

Quiz & Worksheet Goals

These assessments will test you on the following:

  • How appraisers are paid
  • Who is responsible for making sure the property has a clear title prior to closing
  • Which professionals are paid on a salary basis

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information given about real estate professionals from the lesson
  • Distinguishing differences - compare and contrast the difference between a mortgage broker and a loan officer
  • Information recall- access the knowledge you've gained regarding the role of the underwriter
  • Knowledge application - use your knowledge to answer questions about payment for appraisers

Additional Learning

If you would like to read more about real estate professionals, review the lesson called Professionals Involved in Financing Real Estate Purchases. This lesson covers the following objectives:

  • Define impartial evaluation and discuss its significance
  • Get a better understanding of the importance of appraisers and their role in the real estate buying process
  • Understand the job of the mortgage originator
Support