CA Real Estate Finance Course » 2021 » Sec 5 Unit 3 Exam

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Question #1
What's the most common way that a seller can help a buyer come up with the funds to complete a real estate transaction?
A.   Remaining in the home and renting from the new buyer
B.   Co-ownership
C.   With a contract for deed
D.   Equity financing
Question #2
Pat and Danielle are buying their first home. They don’t have quite enough money saved for the down payment and closing costs. Who could give them a tax-free gift to help with the purchase?
A.   A local small business
B.   Any individuals, such as family members
C.   Pat's employer, Retro Renovation, Inc.
D.   A credit union
Question #3
Who should sellers consult before agreeing to carry part of a loan for a buyer?
A.   Their friends
B.   Their parents
C.   Their financial advisor
D.   Their real estate professional
Question #4
Which of the following are potential private loan resources that may be willing to finance a home?
A.   Individual entrepreneurs
B.   Commercial banks
C.   Commercial bonds
D.   Municipal bonds

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