Bundle For REE3043 EXAM QUESTIONS WITH COMPLETE SOLUTIONS

REE3043 PRACTICE TEST QUESTIONS WITH REVISED ANSWERS – UPDATED!! Property manager top designation ____________ - Answer-certified property manager CPM Administrative tasks- collecting rents, prepare monthly reports (who paid who didn't, what isn't) and record keeping - Answer-property manage...

REE3043 REVIEW TEST QUESTIONS WITH ALL CORRECT SOLUTIONS Two important advantages of automated underwriting are that it is __________ and it enables lenders to more safely make ________ loans. - Answer-Two important advantages of automated underwriting are that it is faster and it enables lenders t...

REE 3043 FINAL EXAM WITH VERIFIED QUESTIONS AND ANSWERS ALL UPDATED Which of the following types of loans is the most likely to contain a due-on-sale clause? - Answer-Conventional home loan In a mortgage loan, the borrower always creates two documents: a note and a mortgage. Which of the follo...

REE3043 EXAM 5 QUESTIONS WITH CERTIFIED ANSWERS Based on your understanding of the differences between levered and unlevered cash flows, which of the following is an example of a levered cash flow? A. net operating income B. net sale proceeds C. sale price D. before-tax cash flow - Answer-D ...

REE3043 CHAPTER 2 QUESTIONS WITH REVIEWED ANSWERS Which of these forms of co-ownership could best be described as "normal ownership," except that multiple owners share identically in one bundle of rights? Tenancy in common Joint tenancy Tenancy by the entirety Condominium Estate in severalt...

REE3043 CHAPTER 4 QUESTIONS WITH CORRECT ANSWERS REVISED AND UPDATED State and federal control of land uses has increased greatly over the past 40 years due in part to an increased awareness of environmental hazards. Which of the following federal environmental control laws was responsible for est...

REE 3043 TEST QUESTIONS WITH UPDATED ANSWERS Purely free market solution to zoning problems - Answer-free rider problem - yes negative ext - yes inequities in bearing the costs to enforce positive zoning outcomes - yes zoning restrictions - no An important limitation to the use of private res...

REE3043 EXAM QUESTIONS WITH COMPLETE SOLUTIONS The lender that takes out a insurance policy against the mortgage in case the borrower defaults. - Answer-PMI - Private Mortgage Insurance It was created to restore confidence in the mortgage market. It had a great impact in the housing finance sys...

Ree 3043 TEST QUESTIONS WITH CERTIFIED ANSWERS When existing loans are sold by originators to investors or from one investor to another, these transactions are the secondary mortgage market. - Answer-Secondary mortgage market The value of money changes over time - Answer-Time value of money ...

REE 3043 REVIEW TEST QUESTIONS WITH REVISED ANSWERS – UPDATED property right - Answer-lienholder can take possession of the property upon foreclosure and sell property to retire debt general liens - Answer-arise from events not merely related to property but for debts on a general account ...

REE 3043 EXAM 1 QUESTIONS WITH REVIEWED ANSWERS Negative amortization - Answer-Occurs when the payment is not enough to even cover interest. Remaining interest is applied to principle causing loan balance to increase Mortgage payments - Answer-Cover PITI Principle, Interest, Taxes, insurance ...