Pre-licensing Midterm part 2

Which of the following is correct regarding an option to purchase?

Which statement is correct regarding cost approach?

Provision for release of parcels when specified amount money is paid would be what type loan?

Secondary market would best be defined as:

Appraising with the following properties would n appraiser be most likely use cost approach?

All advertisements would be considered to contain a "trigger term" under TILA, EXCEPT:

Reg basis property man has home serviced to change filters to check operations HVAC sys. Type?

Which would be an example of economic obsolescence?

Which is an accurate statement when using comparison method of appraising:

Transfer of property involves purchase money mort how would purchase money mort appear on CDS

Which of following transactions would require compliance with RESPA?

All of following would be important to lender in determining the qualifying ratios except:

Agency agreement that exists b/t prop man & owner of prop would best be classified as:

A loan where the term of the loan is shorter than the amortized period would result in:

The NC Good Funds Act requires attorneys and settlement agents to:

When the landlord breaches a lease, the tenant is entitled to:

Two parties entered a demise agreement. Which would terminate the demise w/out liability?

Which of following provides that the consumer can see copy of their credit report once a year

Document that demonstrates members of military will have portion of loan guaranteed by Vet adm

All of following are required by Real Estate Settlement & Procedures Act, EXCEPT:

All of following would be included in a promissory note, EXCEPT:

When a mortg note in default the lender demands entire balance be paid the mortg right is

All of following would be protected under Equal Credit Opportunity Act, EXCEPT:

The funds for FHA and VA loans are provided by:

Which is correct regarding a property where the promissory note is secured by deed of trust?

In NC when does borrower get possession of home and seller receive their proceeds from sale?

Borrower has insufficient down payment should consider which types of financing?

Loan in which lender makes regular periodic payments to borrower is best referred as:

The final action taken by an appraiser in determining the value of property is called:

All considered operating expenses in calc of net operating income, EXCEPT:

Proper Closing Disclosure entry when borrower assumes mortgage obligation of seller?

The Federal Reserve sets or regulates all of the following, EXCEPT:

Which of following would be considered securitizing documents or collateral agreements?

In a contract for deed, the legal title to property is retained by:

All of following entities operate in primary mortgage market, EXCEPT:

Jill unlicensed employee of property management entity. Which following is not permitted to do?

Which of following is required by Regulation Z?

Best definition of an estate for years is a leasehold interest that:

Property managers have all of the following responsibilities, EXCEPT:

Which is true statement about an amortized loan?

In a non-judicial foreclosure, the process is initiated by:

When a trust deed paid off in full, the borrower will receive deed reconveyance from which?

Licensed property managers are engaged in all of the following, EXCEPT;

Clause defeats lender's collateral agreement/securitizing instrument one promissory pad in full

Enforcement of RESPA and Regulation Z occurs by:

A borrower obtaining a construction loan would most likely be obtaining what type of loan?

Loan to value ratio calculation measures: