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

A borrower makes $100 amortized loan payments.

Real estate used as security for a loan would be:

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

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

Ther person signing an assignment of a land contract is:

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

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 release clause would most likely appear in:

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):

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

Equity financing refers to:

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

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

The Truth in Lending Law is enforced by the:

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

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

A financing statement is removed from record by:

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

A real property sales contract must show:

Who would sign a request for reconveyance?

The seller under a real property sales contract may not:

Naked legal title refers to a:

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:

A mortgage would be released by:

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

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

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

The unsury law for individuals does not apply when:

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

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

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

RESPA would apply to a:

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

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

A loan amortization table would show:

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

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

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

Interest paid on principal and interest is:

A mortgagee foreclosing would first:

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

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

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

A land contract is most similar to a:

Deficiency judgments are not available to a foreclosing mortgagee if:

After the three-month notification of default:

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

A deed of reconveyance moves title from:

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

A trust deed is a(n):

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

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?

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

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

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:

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 would likely be in default when:

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

A blanket encumbrance would have the greatest benefit to the:

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

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

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

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

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

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

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:

In periods of tight money:

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

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

Secured collaterally refers to a:

A trust deed is foreclosed by the:

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:

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

Real property would not be:

Proceeds from a trustee's sale go to:

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 instrument that is least likely to be recorded is the:

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

The collection of interest in advance is known as:

Consideration exists:

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

A seasoned loan is:

Total foreclosure time under a trust deed most nearly approaches:

An alienation clause in a trust deed prohibits:

A prepayment penalty would be inconsistent with:

As to points, which of the following is true?

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

Which of the following are synonymous?

Under a deed of trust the:

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

A straight note would not be:

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

A mortgage and a trust deed are similar in that:

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

By calling in a loan, the lender:

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

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

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

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

Hypothecate means:

Inflation is best evidenced by a(n):

Janet assumes a trust deed from Bill.

A trustor is to a beneficiary as:

A trust deed would most likely be discounted by:

You would find a subordination clause in:

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

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

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

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

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

A deficiency judgment is possible if there is:

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

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

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

Which party to a mortgage signs the note?

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

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

A trustor under a trust deed:

A straight loan refers to:

The  Truth in Leding Act is part of the:

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:

A basic difference between trust deeds and mortgages is:

To subordinate means:

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

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

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

Regarding financial institutions, deregulation means:

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

Discount points are:

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:

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

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

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

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

Which of the following are related to each other?

A land contract clause prohibits any prepayment.

The beneficiary must give consent before the trustor can:

A disadvantage of a land contract to a buyer is:

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

The beneficiary of a trust deed is most likely a:

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

When buying a house, a person would not receive:

A packaged mortgage is a loan in which:

To curb inflation, the government can:

The nominal rate of interest would be:

A security agreement for personal property is filed with:

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

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