Principles of Real Estate 2 Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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Course
Principles of Real Estate
Institution
Principles Of Real Estate
Loss of value due to lack of modernization is called:
-:- Functional obsolescence
The __________ is considered the most reliable approach to value because it is based on
verifiable market events.
-:- Sales comparison approach
A loss in a property's value due to daily wear and tear is an exa...
When a loan is funded, the FHA charges a(n) __________ which can be paid at closing or
added to the loan at funding.
✓ -:- Up-Front Mortgage Insurance Premium
The borrower's monthly payment includes principal and interest plus one-twelfth of the
annual property tax assessment and one-twelfth of the annual insurance premium. This is
a:
✓ -:- Budget loan
Which of the following statements about the use of gift funds in government loans is true?
✓ -:- Property must be owner-occupied, Donor must be a relative, domestic partner, or
fiancé, Gift funds may be used for the entire down payment
A person who brings a borrower and a lender together for a fee is called:
3|Page | Grade A+| 2024/2025
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