Học Thi Real Estate License ở California: Introduction to Real Estate Finance

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

An individual working for a bank is paid for every real estate loan she arranges. She must:

After the three-month notification of default:

A real property sales contract must show:

Discount points are:

The right of rescission under Truth in Lending would apply to a(n):

If two lenders share in different portions of the same loan, the loan would be a:

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

A borrower makes $100 amortized loan payments.

A broker advertised the APR, but did not include any other financing terms. Was the ad proper?

Interest paid on principal and interest is:

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

A blanket encumbrance would have the greatest benefit to the:

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

In periods of tight money:

As to trust deeds, which of the following is false?

A broker negotiated a three-year second trust deed for $20,000. He charged a $2,000 fee. The fee is:

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

Real property would not be:

In a subdivision, the largest number of properties that can be covered by a trust deed without a blanket encumbrance is:

The Truth in Lending Law is enforced by the:

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

Truth in Lending disclosure when advertising a graduated payment loan would require the:

A trust deed is foreclosed by the:

A holder of a second trust deed reveives notification of default on the first trust deed. He or she would probably:

Deficiency judgments are not available to a foreclosing mortgagee if:

Making biweekly payments on a mortgage of one-half the monthly payment will result in:

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

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:

A deficiency judgment is possible if there is:

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

A lender, in evaluating a prospective loan, should not consider:

Balloon payments are not allowed for an owner-occupied residence under Article 7:

Who would sign a request for reconveyance?

When buying a house, a person would not receive:

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

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

Consideration exists:

The seller under a real property sales contract may not:

A packaged mortgage is a loan in which:

The unsury law for individuals does not apply when:

Janet assumes a trust deed from Bill.

A deed of reconveyance moves title from:

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

A basic difference between trust deeds and mortgages is:

The collection of interest in advance is known as:

Total foreclosure time under a trust deed most nearly approaches:

A disadvantage of a land contract to a buyer is:

A trust deed would likely be in default when:

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

Which party to a mortgage signs the note?

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

A broker has a written agreemnet giving you 60 days to arrange a loan for $1,200.

A mortgage and a trust deed are similar in that:

Hypothecate means:

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

A financing statement is removed from record by:

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

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

An endorsement on a note said "without recourse." What kind of endorsement is it?

As to points, which of the following is true?

The Federal Reserve Board wants to tighten the money supply. What action might it take?

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

Secured collaterally refers to a:

You would find a subordination clause in:

Which of the following clauses can be disregarded by a trustor?

Inflation is best evidenced by a(n):

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

A recorded trust deed referred to in other trust deeds is most likely:

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

The longer the loan (all other things being equal):

Who would most likely benefit by a subordination clause in a trust deed?

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:

The  Truth in Leding Act is part of the:

A broker's commission for negotiating a loan is not subject to Article 7 limitation if the loan is:

A trustor is to a beneficiary as:

A loan amortization table would show:

RESPA would apply to a:

The prepayment penalty on a pay off for a three-year-old conventional residential loan would be based on the:

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

A broker is the owner of the escrow company that handles most of the office business. As to the escrow company:

The payments of the buyer under a land contract include taxes and insurance. The seller:

The instrument that is least likely to be recorded is the:

A land contract clause prohibits any prepayment.

A security agreement for personal property is filed with:

A prepayment penalty would be inconsistent with:

A mortgage would be released by:

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:

An alienation clause in a trust deed prohibits:

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

Whihc law applies to federally related transactions?

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:

Which of the following are related to each other?

Proceeds from a trustee's sale go to:

Real estate used as security for a loan would be:

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

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

What is the highest commission a broker can charge in negotiating an $8,000 first trust deed for 2 1/2 years?

Regarding financial institutions, deregulation means:

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

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

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):

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

A straight note would not be:

During the one year redemption period of a mortgagor in default:

Under a deed of trust the:

Which gives the most protection to a property owner in default?

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):

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

Upon default of a buyer on land contract, the seller would:

A trust deed is a(n):

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

Ther person signing an assignment of a land contract is:

Beth, a licensee, sells a real property sales contract for Ricardo, the vendor. Beth is responsible for making certain the contract is recorded:

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

The beneficiary of a trust deed is most likely a:

A trustor under a trust deed:

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.

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

By calling in a loan, the lender:

A land contract is most similar to a:

A trust deed would most likely be discounted by:

Equity financing refers to:

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:

A loan that would appeal most to a young person whose income is starting to increase would be:

The nominal rate of interest would be:

Which of the following are synonymous?

A release clause would most likely appear in:

A straight loan refers to:

As to beneficiary statements, which of the following is true?

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

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:

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

Naked legal title refers to a:

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

A seasoned loan is:

A mortgagee foreclosing would first:

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

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:

To curb inflation, the government can:

To subordinate means:

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

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

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

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

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

An adjustable-rate loan is pegged at an interest rate above a loan index. This increase above the index is knows as the:

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

The beneficiary must give consent before the trustor can:

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?