CA Real Estate Finance Course » 2021 » Sec 7 Unit 6 Exam
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ CA Real Estate Finance Course ] course for $25 USD.
Existing Quiz Clients Login here
Question #1
Which of the following clauses is included in Fannie Mae’s multi-state note?
A.
Lock-in
B.
Prepayment penalty
C.
Subordination
D.
Late charge
Question #2
Who's the mortgagee in a mortgage?
A.
The beneficiary
B.
The borrower
C.
The lender
D.
The trustee
Question #3
In a deed of trust, who is the beneficiary?
A.
Neutral third party
B.
Borrower
C.
Lender
D.
Agent
Question #4
Fannie Mae’s multi-state note includes a due-on-sale clause, also known as a(n) ______ clause.
A.
Alienation
B.
Exculpatory
C.
Acceleration
D.
Subordination
Need help with your exam preparation?
Get Answers to this exam for $6 USD.
Get Answers to all exams in [ CA Real Estate Finance Course ] course for $25 USD.
Existing Quiz Clients Login here