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Texas Principles of Real Estate - Part 2 questions with correct answered.
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Texas Principles of Real Estate - Part 2 questions with correct answered.
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Texas Principles of Real Estate - Part 2questions with correct answered.
The liquidation of a financial obligation on an installment basis is referred to as...?
Buy-down
Discounting
Amortization
None of the above ANS -Amortization
Which of the following is used by lenders to increase the lender's yield on the loan without increasing
the annual interest rate...?
Amortization
Loan discount points
Balloon payments
Reduced broker fees ANS -Loan discount points
The term "point" is slang:
0.1%
1%
2%
10% ANS -1%
In an improper fraction, the ............... is larger than the denominator?
Numerator
Root
Decimal
Integer ANS -Numerator
5/4 is an example of a/an...?
,Integrated fraction
Root fraction
Improper fraction
Proper fraction ANS -Improper fraction
Improper fractions are always greater than...?
0.01
0.1
0.5
1 ANS -1
1-1/4 is an example of a...?
Proper fraction
Mixed number
Numerator
Denominator ANS -Mixed number
8/7 is an example of a/an...?
Improper fraction
Integrated fraction
Root fraction
Proper fraction ANS -Improper fraction
8/5 is equal to...?
0.625
1.6
1.8
5.0 ANS -1.6
,The bottom number in a written fraction is called the...?
Denominator
Numerator
Root
Integer ANS -Denominator
Which of the following loan terms will yield the highest monthly mortgage payment...?
10 years
15 years
20 years
30 years ANS -10 years
The liquidation of a financial obligation on an installment basis is referred to as...?
Buy-down
Discounting
Amortization
None of the above ANS -Amortization
Which of the following is used by lenders to increase the lender's yield on the loan without increasing
the annual interest rate...?
Amortization
Loan discount points
Balloon payments
Reduced broker fees ANS -Loan discount points
If a lender charges a 1 point origination fee, what will be the cost of the origination fee...?
0.1% of the loan
1% of the loan
2% of the loan
, 10% of the loan ANS -1% of the loan
A fibrous mineral found in many building materials that when improperly disturbed, can cause serious
lung diseases is known as...?
Asbestos
Radon
UFFI
Mold ANS -Asbestos
A quality of some asbestos that causes it to crumble, allowing toxic particles to escape into the air and
lodge in people's lungs is known as...?
Malleable
Expandable
Friable
Contracting ANS -Friable
A type of foam containing formaldehyde, a gaseous compound used for home insulating until the early
1980's, is known as...?
Polystyrene Insulation
Extruded Polystyrene Insulation
Mineral Wool Insulation
Urea-Formaldehyde Foam Insulation ANS -Urea-Formaldehyde Foam Insulation
Asbestos is primarily harmful when it is disturbed...?
T (True)
F (False) ANS -T (True)
Mold growth is most associated with...?
Water damage
Proper ventilation
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