Final Practice -Rockwell
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Terms in this set (60)
,To determine an appropriate A. CMA/appraisal
listing price for a property, a
real estate agent will perform Explanation: An agent may perform a
a/an ______ , which is related to competitive market analysis (or CMA),
but less rigorous than a/an ______ which is based on appraisal principles and
. methods but is not as rigorous a process.
A. CMA/appraisal
B. Appraisal/CMA
C. CMA/reconciliation
D. Valuation/CMA
,In which of the following cases A. The applicant has worked as a machine
would a lender be most likely operator for seven months, after working
to decide that the loan for an online media company for eight
applicant's employment income months
does not qualify as stable
income? Explanation: As a general rule, a loan
applicant should have been continuously
A. The applicant has worked as employed in the same field for at least two
a machine operator for seven years. Special training or education may
months, after working for an make up for a short employment history.
online media company for eight The lender will also take extenuating
months circumstances into account (for example,
having just finished college or been
B. The applicant has worked as discharged from military service).
an accountant for ten months,
after having been in college
previously
, C. The applicant has worked as
a junior copywriter for six
months, at the same company
where she previously was an
editorial assistant for two years
D. The applicant has been a
self-employed landscape
contractor for three years
Save
Terms in this set (60)
,To determine an appropriate A. CMA/appraisal
listing price for a property, a
real estate agent will perform Explanation: An agent may perform a
a/an ______ , which is related to competitive market analysis (or CMA),
but less rigorous than a/an ______ which is based on appraisal principles and
. methods but is not as rigorous a process.
A. CMA/appraisal
B. Appraisal/CMA
C. CMA/reconciliation
D. Valuation/CMA
,In which of the following cases A. The applicant has worked as a machine
would a lender be most likely operator for seven months, after working
to decide that the loan for an online media company for eight
applicant's employment income months
does not qualify as stable
income? Explanation: As a general rule, a loan
applicant should have been continuously
A. The applicant has worked as employed in the same field for at least two
a machine operator for seven years. Special training or education may
months, after working for an make up for a short employment history.
online media company for eight The lender will also take extenuating
months circumstances into account (for example,
having just finished college or been
B. The applicant has worked as discharged from military service).
an accountant for ten months,
after having been in college
previously
, C. The applicant has worked as
a junior copywriter for six
months, at the same company
where she previously was an
editorial assistant for two years
D. The applicant has been a
self-employed landscape
contractor for three years
