TEXAS REAL ESTATE FINANCE LATEST 2023 EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+

The act of moving funds from one investment arena to another.

Disintermediation

After analyzing the neighborhood, an appraiser will study all of the physical aspects of the specific property being appraised except for which?

A. Highway accessibility

B. Visual appeal

C. Arrangement and design

D. Physical durability

A. Highway accessibility

All of the following are functions of the department of treasury EXCEPT:

A. managing federal finances

B. currency and coinage

C. determining national debt

D. enforcing federal finances and tax laws

Determining national debt

__________ ___________ allows for a portion of the loan to be paid in exchange for the lender releasing a part of the property from the mortgage.

A. Release clause

B. Lifting Clause

C. Alienation Clause

D. Cross Defaulting clause

Release clause

Allows for the direct investment in mortgages through the sale of securities.

Real Estate Mortgage Investment Conduit (REMIC)

A __________________, also known as a mortgagor, who is the party who signed the promissory note and is obligated for the repayment of the loan.

Borrower