CA Real Estate Finance Course » 2021 » Sec 5 Unit 2 Exam

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Question #1
Which type of bond is used to pay for community improvements?
A.   Industrial bond
B.   Revenue bond
C.   Corporate bond
D.   Municipal bond
Question #2
Mark and Nancy purchased a municipal bond to help with the funding of a new school gymnasium. In exchange for their investment, what will they receive?
A.   Interest
B.   Five times their investment in return
C.   A certificate of appreciation
D.   Special benefits
Question #3
Kaycie is a new employee at a mutual savings bank. During orientation, she learned that mutual savings banks have limitations that are set by their ______.
A.   Articles of incorporation
B.   Board of directors
C.   Charter
D.   Branch managers
Question #4
Which of the following describes mutual savings bank loans?
A.   They're purchased by secondary mortgage markets.
B.   Banks focus lending offerings on local businesses and residents.
C.   They're funded by private investors.
D.   They're regulated by federal the government.
Question #5
The three general groups of international buyers that real estate professionals may encounter are those who ______, those who are looking for a vacation home for when they travel to the U.S., and those who are looking for a luxury property as an investment.
A.   Have extra money to spend and want to invest in the cheapest U.S. properties available
B.   Want to purchase large commercial complexes to house their international operations
C.   Have work visas and are looking for a home to purchase while they're in the U.S.
D.   Want to purchase vacant land in the U.S. and resell it to U.S. developers
Question #6
Mutual savings banks have limitations on their lending activities, as specified in their ______.
A.   Manager's guide
B.   Charter
C.   State laws
D.   Bank rules
Question #7
An industrial development bond is a variety of ______ bond.
A.   Corporate
B.   Revenue
C.   Secured
D.   Municipal
Question #8
In which U.S. market(s) do foreign lenders participate?
A.   In the stock market only
B.   In the secondary mortgage market only
C.   In the primary mortgage market only
D.   Both the primary and secondary mortgage markets

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