The CE Shop » Sales License » CA Real Estate Finance Course » 2021

Question #1

A lender requires a title search to finance a transaction. Who pays for this search?

A. Title company

B. Buyer

C. Underwriter

D. Lender

Question #2

Which party pays for the appraisal in a financed real estate transaction?

A. Seller

B. Buyer

C. Lender

D. Title company

Question #3

Landon will pay interest over the life of his 30-year loan. What other responsibility does he have to lender Marco when he finances his loan?

A. Provide secondary collateral for a loan above $450,000

B. Purchase stock in Marco's company

C. Pay loan-related closing costs

D. Pay wage garnishment

Question #4

Who is responsible for paying the loan-related closing costs in a financed real estate transaction?

A. Seller

B. Lender

C. Buyer

D. Title company