Champions Real Estate Finance Exam Practice Questions and Answers
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Course
2024/2025
Institution
2024/2025
Champions Real Estate Finance Exam
Practice Questions and Answers
_____ is the consummation of a contractual real estate transaction in which all appropriate
documents are signed, and the mortgage loan proceeds are disbursed by the lender. -
Answer-Closing
The primary determinants of real esta...
Raising taxes and increasing borrowing are two ways at the treasury level to: - Answer✔✔-Raise
funds to pay for government spending
The Fed uses three primary monetary policy tools to influence the cost and availability of credit:
open market operations, the discount rate, and _____. - Answer✔✔-Reserve requirements
When the costs of production and services increase, causing manufacturing prices to rise, it is
called _____. - Answer✔✔-Cost-push inflation
Which of the following transactions is exempt from RESPA? - Answer✔✔-Temporary loans
Under the _____, the use of certain terms in an advertisement triggers the need for full
disclosure of lending terms. - Answer✔✔-Truth in Lending Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act established the _____. -
Answer✔✔-Consumer Financial Protection Bureau
How can Sylvia ensure that Victor is properly licensed as an RMLO? - Answer✔✔-She can look
him up in the NMLSR
The secondary mortgage market was designed to provide greater liquidity to the residential real
estate market, primarily by _____. - Answer✔✔-The sale of mortgage loans as investments
Loans originated to adhere to Fannie Mae, Freddie Mac, and Ginnie Mae requirements for
purchase are called _____. - Answer✔✔-Conforming loans
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