Champion Real Estate Prep Questions and Correct Answers the Latest Update
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Course
Champion Real Estate
Institution
Champion Real Estate
Dodd-Frank Act (the Wall Street Reform and Consumer Protection Act)
Combined TILA and RESPA into TRID
Gross income multiplier
Price divided by rent equals
2
A broker can offer a guaranteed buyback of a property after ___ yr pd of ownership
10
The borrower has __ days after receiving LE t...
✓ People who are engaged in Real Estate brokerage without a license can be charged
no more than how much in fines?
3600 points
✓ How may points does a broker need?
SOAH in Austin
✓ Where is a hearing for revocation or suspension held?
Participation loan (Shared Appreciation Loan)
✓ 2 or more lenders invest in one loan
Participation
✓ Shared Appreciation Loan
Equity
✓ Difference between market value and outstanding debt
Discount points
✓ Prepaid interest and tax deductible. Raises return for lender
Outstanding debt
✓ Equity is the difference between market value and _______________
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