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Question 1 of 10
1. Question
Real estate cycles follow which law?
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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?
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Question 3 of 10
3. Question
Your local bank is apart of what market?
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Question 4 of 10
4. Question
When a lender sells your loan, they are most likely selling it on which market?
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Question 5 of 10
5. Question
Ginnie Mae is which of the following?
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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?
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Question 7 of 10
7. Question
A contract that makes a borrower’s property collateral for a loan is known as what?
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Question 8 of 10
8. Question
How many parties are there in a deed of trust?
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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?
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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.