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Lesson 12, Chapter 11 part 1

Posted on March 2, 2023 by
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  1. Question 1 of 10
    1. Question

    Real estate cycles follow which law?

  2. Question 2 of 10
    2. Question

    The amount of money banks are required to keep on deposit in order to meet requests for withdrawals is known as what?

  3. Question 3 of 10
    3. Question

    Your local bank is apart of what market?

  4. Question 4 of 10
    4. Question

    When a lender sells your loan, they are most likely selling it on which market?

  5. Question 5 of 10
    5. Question

    Ginnie Mae is which of the following?

  6. Question 6 of 10
    6. Question

    A document in which a borrower agrees to repay the amount borrowed, plus a specified amount of interest, is known as what?

  7. Question 7 of 10
    7. Question

    A contract that makes a borrower’s property collateral for a loan is known as what?

  8. Question 8 of 10
    8. Question

    How many parties are there in a deed of trust?

  9. Question 9 of 10
    9. Question

    The borrower promises to keep the property insured against damage or destruction. This is a description of which covenant in a security instrument?

  10. Question 10 of 10
    10. Question

    This clause permits the lender to accelerate the loan if borrower sells the property or transfers it to someone else.

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