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.
Equity financing
C.
Co-ownership
D.
With a contract for deed
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.
A credit union
C.
Pat's employer, Retro Renovation, Inc.
D.
Any individuals, such as family members
Question #3
Who should sellers consult before agreeing to carry part of a loan for a buyer?
A.
Their parents
B.
Their financial advisor
C.
Their real estate professional
D.
Their friends
Question #4
Which of the following are potential private loan resources that may be willing to finance a home?
A.
Commercial bonds
B.
Individual entrepreneurs
C.
Municipal bonds
D.
Commercial banks
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