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Bạn có thể bắt đầu thi lý thuyết trắc nghiệm real estate salesperson:

1.

Naked legal title refers to a:

2.

In a sale transaction, which party is most likely responsible for a prepayment penalty?

3.

You would find a subordination clause in:

4.

5.

A real estate broker made a home loan at 30 percent interest. The broker:

6.

When a vendee under a land contrac defaults, the vendor to clear title would commence a:

7.

Which of the following is not an element of a mortgage?

8.

For a trust deed to be negotiable, it must be:

9.

Which of the following is not required when a trust deed is paid up?

10.

A trust deed would likely be in default when:

11.

The  Truth in Leding Act is part of the:

12.

The advantages to a borrower of a biweekly mortgage payment over a monthly payment include:

13.

A deed of reconveyance moves title from:

14.

A RESPA disclosure statement would least likely be required for a loan made:

15.

As to points, which of the following is true?

16.

Loan payments based on a 20-year amortization schedule also require that the loan be paid in full within 10 years.

17.

The release clause in a trust deed requires payments higher than they should be considerin the value of the property released. Why?

18.

A trustor is to a beneficiary as:

19.

The Truth in Lending Law is enforced by the:

20.

A borrower receives a monthly check from the lender. This is most likely a(n):

21.

Article 5 of the Real Estate Law does not apply to:

22.

A trustor under a trust deed:

23.

A land contract is most similar to a:

24.

25.

To be relieved of the primary responsibility of a loan, a seller must find a buyer:

26.

A basic difference between trust deeds and mortgages is:

27.

In the absence of any other economic changes, raising the points to be paid on a loan should:

28.

The power of sale in a trust deed would be given by:

29.

Whihc law applies to federally related transactions?

30.

A lender made a loan secured by borrower's home without regard to the borrower's ability to make the payments. This would be regarded as:

31.

Which of the following are synonymous?

32.

Real property would not be:

33.

A mortgage and a trust deed are similar in that:

34.

A lender advanced credit to a consumer and took a lien on the consumer's home even though the cosumer didn't have sufficient income to pay the debt. This is an example of:

35.

As to loan brokers, which of the following is true?

36.

When interest rates are high, banks increase points on some loans to:

37.

On an amortized loan, each payment would differ from the previous payment in that:

38.

The vendor-vendee relatioship under a land contract is most similar to the relationship:

39.

The unsury law for individuals does not apply when:

40.

A borrower makes $100 amortized loan payments. 41. Inflation is best evidenced by a(n): 42. Which of the following clauses can be disregarded by a trustor? 43. The beneficiary must give consent before the trustor can: 44. A real property sales contract must show: 45. If two lenders share in different portions of the same loan, the loan would be a: 46. Ther person signing an assignment of a land contract is: 47. Real estate used as security for a loan would be: 48. As to beneficiary statements, which of the following is true? 49. To pay for an operation, a man obtains a first trust deed on his house. One day after completion of the loan, he wishes to rescind the transaction. 50. Hypothecate means: 51. The beneficiary of a trust deed is most likely a: 52. Upon default of a buyer on land contract, the seller would: 53. A lender, in evaluating a prospective loan, should not consider: 54. To subordinate means: 55. Who would most likely benefit by a subordination clause in a trust deed? 56. A blanket encumbrance would have the greatest benefit to the: 57. Which party to a mortgage signs the note? 58. An introductory rate of interest is 3.25 percent less than the index rate of 4.25 percent and the 2.25 percent margin would set the introductory rate at: 59. The payments of the buyer under a land contract include taxes and insurance. The seller: 60. Proceeds from a trustee's sale go to: 61. A broker is the owner of the escrow company that handles most of the office business. As to the escrow company: 62. In a subdivision, the largest number of properties that can be covered by a trust deed without a blanket encumbrance is: 63. The nominal rate of interest would be: 64. An endorsement on a note said "without recourse." What kind of endorsement is it? 65. Discount points are: 66. Truth in Lending disclosure when advertising a graduated payment loan would require the: 67. A deficiency judgment is possible if there is: 68. The collection of interest in advance is known as: 69. A broker's commission for negotiating a loan is not subject to Article 7 limitation if the loan is: 70. Beth, a licensee, sells a real property sales contract for Ricardo, the vendor. Beth is responsible for making certain the contract is recorded: 71. The right of rescission under Truth in Lending would apply to a(n): 72. To curb inflation, the government can: 73. A holder of a second trust deed reveives notification of default on the first trust deed. He or she would probably: 74. After the three-month notification of default: 75. A recorded trust deed referred to in other trust deeds is most likely: 76. The instrument that is least likely to be recorded is the: 77. Which gives the most protection to a property owner in default? 78. A broker advertised the APR, but did not include any other financing terms. Was the ad proper? 79. A prepayment penalty would be inconsistent with: 80. A trust deed would most likely be discounted by: 81. A mortgagee foreclosing would first: 82. The prepayment penalty on a pay off for a three-year-old conventional residential loan would be based on the: 83. Consideration exists: 84. The longer the loan (all other things being equal): 85. An adjustable-rate loan is pegged at an interest rate above a loan index. This increase above the index is knows as the: 86. What is the highest commission a broker can charge in negotiating an$8,000 first trust deed for 2 1/2 years?

87.

A request for notification of default would be most desired by the:

88.

A loan's index rate is now at 5  1/4 percent. If the margin is 2.4 percent, the loan's interest should be:

89.

RESPA would apply to a:

90.

Large payments to a builder as work progresses would most likely be:

91.

Promotional notes, as used in real property securities, do not include a note that has term of:

92.

A broker has a written agreemnet giving you 60 days to arrange a loan for $1,200. 93. A release clause would most likely appear in: 94. An alienation clause in a trust deed prohibits: 95. A loan that would appeal most to a young person whose income is starting to increase would be: 96. An individual working for a bank is paid for every real estate loan she arranges. She must: 97. A mortgage would be released by: 98. As to trust deeds, which of the following is false? 99. A broker negotiated a three-year second trust deed for$20,000. He charged a $2,000 fee. The fee is: 100. During the one year redemption period of a mortgagor in default: 101. Balloon payments are not allowed for an owner-occupied residence under Article 7: 102. Making biweekly payments on a mortgage of one-half the monthly payment will result in: 103. A trust deed note showed zero interest. The IRS held that the beneficiary should pay taxes as if a reasonable rate of interest had been received. This rate set by the IRS is known as: 104. A loan amortization table would show: 105. A clause in a trust deed that allows a trustor to refinance another trust deed without relegating it to a junior priority is a(n): 106. The Federal Reserve Board wants to tighten the money supply. What action might it take? 107. A buyer purchases a$10,000 trust deed for \$6,400. The trustor defaults. The most that the buyer of the trust deed can recover at the trustee's sale is:

108.

When monthly amortized mortgage payments are equal, the interest charged is:

109.

A straight loan refers to:

110.

A second trust deed can be distinguished from a first trust deed by:

111.

As to real property sales contracts for land or one to four residential units, which of the following is true?

112.

Secured collaterally refers to a:

113.

A lender was required to contact a borrower 30 days prior to a notice of default. This notification was to:

114.

Janet assumes a trust deed from Bill.

115.

Regarding financial institutions, deregulation means:

116.

The seller under a real property sales contract may not:

117.

A security agreement for personal property is filed with:

118.

A statement that says "In the event of sale, the entire balance is due and payable" would be:

119.

A straight note would not be:

120.

A seasoned loan is:

121.

A financing statement is removed from record by:

122.

Total foreclosure time under a trust deed most nearly approaches:

123.

A land contract clause prohibits any prepayment.

124.

Points go up when the going interest rate increases above a fixed lending rate. Assume that each percentage point increase in the lending rate equals 6 points. An interest rate increase from 7 1/4 percent to 8 percent would result in what decrease of points?

125.

A clause in a trust deed calling for assignment of rents most likely would benefit the:

126.

By calling in a loan, the lender:

127.

A beneficiary sells a note secured by a trust deed. The beneficiary must:

128.

A trust deed foreclosed as a mortgage would be foreclosed by:

129.

Upon payment of a trust deed in full and on demand of the trustor, the trustee must give a deed of reconveyance:

130.

Under a deed of trust the:

131.

Equity financing refers to:

132.

Deficiency judgments are not available to a foreclosing mortgagee if:

133.

The basic obligation of a real estate loan in California is evidenced by:

134.

Selling a home under an existing blanket trust deed requires that the trustee give a(n):

135.

When the vendor and vendee sign a real property sales contract:

136.

A trust deed is foreclosed by the:

137.

Interest paid on principal and interest is:

138.

Who would sign a request for reconveyance?

139.

Which of the following are related to each other?

140.

The disclosure statement required under the Truth-in-Lending Law is most similar to:

141.

A right of possession and equitable title would be held by the:

142.

A trust deed is a(n):

143.

The person who would wish to record a land contract would be the:

144.

A borrower has a loan where the borrower can make monthly payments less than the interest that is accruing. This would be regarded as a(n):

145.

The Real Estate Settlement Procedures Act provides for violation penalties of:

146.

A mortgage Loan Disclosure Statement is for the protection of the:

147.

In periods of tight money:

148.

Warehousing is becoming extremely important in the field of finance. It refers to:

149.

A packaged mortgage is a loan in which:

150.

An adjustable-rate mortgage has an index that has risen from 4.5 percent to 11 percent with a margin of 2.5 percent, but the bank is charging only 12 percent interest on the loan. This lower interest is due to: