CA Real Estate Finance Course » 2021 » Sec 2 Unit 3 Exam

Need help with your exam preparation?

Existing Quiz Clients Login here
Question #1
Which of the following sources can provide real estate professionals with important market data?
A.   History books
B.   Banking, bond, and investment analysts
C.   Wikipedia
D.   Freddie Kruger
Question #2
As foreclosures increased in 2007, what was the response from lenders?
A.   Decrease lending activity
B.   Refinance mortgages for troubled homeowners
C.   Borrow money from the federal government
D.   Increase lending activity
Question #3
Which of the following is designed to make consumer financial products and services fair and transparent?
A.   American Recovery and Reinvestment Act of 2009 (ARRA)
B.   Home Affordable Refinance Program (HARP)
C.   Consumer Financial Protection Bureau
D.   Home Affordable Modification Program (HAMP)
Question #4
Which act, which was the first act passed to address the subprime mortgage crisis and was also known as “the stimulus package,” sought to create new jobs and save existing ones, spur economic activity and invest in long-term growth, and foster new accountability and transparency in government spending?
A.   Home Affordable Modification Program (HAMP)
B.   Home Affordable Refinance Program (HARP)
C.   American Recovery and Reinvestment Act of 2009 (ARRA)
D.   Wall Street Reform and Consumer Protection Act (Dodd-Frank Act)

Need help with your exam preparation?

Existing Quiz Clients Login here