Champions Real Estate Finance Exam Questions and Answers |Latest Updated |2025/2026 |Graded A+

Champions Real Estate Finance Exam Questions and Answers |Latest Updated |2025/2026 |Graded A+ _____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - answer-Closing The primary determinants of real estate values are supply and _____. - answer-Demand _____ is something of value that can be pledged as security for repayment of a loan. - answer-Collateral Servicing includes which of the following activities? - answer-Maintaining records of payment The monetary policies of the _____affects interest rates and the availability of funds. - answer-Federal Reserve An excess supply of money in the market results in monetary _____. - answer-Inflation Which agency insures deposits in banks and thrift institutions for up to $250,000? - answer-The Federal Deposit Insurance Corporation The _____ is the interest rate a reserve bank charges eligible financial institutions to borrow funds on a short-term basis. - answer-Discount rate Raising taxes and increasing borrowing are two ways at the treasury level to: - answer-Raise funds to pay for government spendingThe Fed uses three primary monetary policy tools to influence the cost and availability of credit: open market operations, the discount rate, and _____. - answer-Reserve requirements When the costs of production and services increase, causing manufacturing prices to rise, it is called _____. - answer-Cost-push inflation Which of the following transactions is exempt from RESPA? - answer-Temporary loans Under the _____, the use of certain terms in an advertisement triggers the need for full disclosure of lending terms. - answer-Truth in Lending Act The Dodd-Frank Wall Street Reform and Consumer Protection Act established the _____. - answerConsumer Financial Protection Bureau How can Sylvia ensure that Victor is properly licensed as an RMLO? - answer-She can look him up in the NMLSR The secondary mortgage market was designed to provide greater liquidity to the residential real estate market, primarily by _____. - answer-The sale of mortgage loans as investments