The CE Shop Final Exam Proctor EXAM (2026)
UPDATE Verified Questions And Answers |
Latest Already Graded A+ UPDATE |2026
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Terms in this set (110)
What type of agency exists Implied agency
because of the actions and
behavior of the parties?
Action agency
Behavioral agency
Express agency
Implied agency
Which entity ensures that The building department
contractors perform their work
according to code by inspecting
their job sites?
City hall
The attorney general
The building department
The secretary of state
,The secondary mortgage market is FNMA, GNMA, FHLMC, and lending institutions
comprised of _________________________. that buy loans from other lenders
FNMA, GNMA, FHLMC, & lending The secondary market is where loans are resold.
institutions that buy loans from
other lenders
Lending institutions that lend
directly to consumers
Savings and loans, thrifts, and credit
unions
The VA and the FHA
What is the highest penalty an $25,000 per violation
unlicensed individual practicing real
estate may be fined for more than
two offenses?
$10,000 per violation
$1,000 per violation
$25,000 per violation
$2,500 per violation
Which document is provided to Closing Disclosure
borrowers no fewer than three days
prior to closing and provides
disclosures about the costs of the
transaction?
Closing Disclosure
Escrow Closing notice
Loan Estimate
The Mortgage Servicing Transfer
disclosure
,Which of the following is an Increased demand on infrastructure
example of a development cost?
Crime rates
Increased demand on infrastructure
Lower unemployment
School ratings
Which option best describes a Grantor has acknowledged and voluntarily
delivery and acceptance of a deed signed the deed in front of a public notary and
as required? delivered it in person to the grantee or an agent
of the grantee
Grantor has acknowledged and
voluntarily signed the deed in front
of a public notary and delivered it
in person to the grantee or an
agent of the grantee
Grantor has handed the grantee the
deed and the grantee has signed it
in front of a public notary
voluntarily accepting it.
Grantor has mailed the deed to the
county clerk's office for recording.
Grantor has signed the deed and
left it on the grantees patio.
, Which document given before Loan Estimate
closing provides an estimate of the
costs a buyer is likely to pay at The Loan Estimate provides the buyer with the
settlement? costs they are likely to pay at settlement and
discloses the mortgage loan specifics, such as its
Abstract of title key features, costs, and risks.
Closing Disclosure
Loan Estimate
The Mortgage Servicing Transfer
disclosure
In the sales comparison approach, Correlation
the appropriateness of the various
comparable sales in relationship to
the subject is considered in a
process known as ______, where
certain factors may be given more
weight.
Averaging
Bracketing
Conformity
Correlation
A licensee says, "This is a dream Puffery
home with the best views in town."
This is an example of ______.
A lie
Intentional misrepresentation
Positive misrepresentation
Puffery
UPDATE Verified Questions And Answers |
Latest Already Graded A+ UPDATE |2026
Save
Terms in this set (110)
What type of agency exists Implied agency
because of the actions and
behavior of the parties?
Action agency
Behavioral agency
Express agency
Implied agency
Which entity ensures that The building department
contractors perform their work
according to code by inspecting
their job sites?
City hall
The attorney general
The building department
The secretary of state
,The secondary mortgage market is FNMA, GNMA, FHLMC, and lending institutions
comprised of _________________________. that buy loans from other lenders
FNMA, GNMA, FHLMC, & lending The secondary market is where loans are resold.
institutions that buy loans from
other lenders
Lending institutions that lend
directly to consumers
Savings and loans, thrifts, and credit
unions
The VA and the FHA
What is the highest penalty an $25,000 per violation
unlicensed individual practicing real
estate may be fined for more than
two offenses?
$10,000 per violation
$1,000 per violation
$25,000 per violation
$2,500 per violation
Which document is provided to Closing Disclosure
borrowers no fewer than three days
prior to closing and provides
disclosures about the costs of the
transaction?
Closing Disclosure
Escrow Closing notice
Loan Estimate
The Mortgage Servicing Transfer
disclosure
,Which of the following is an Increased demand on infrastructure
example of a development cost?
Crime rates
Increased demand on infrastructure
Lower unemployment
School ratings
Which option best describes a Grantor has acknowledged and voluntarily
delivery and acceptance of a deed signed the deed in front of a public notary and
as required? delivered it in person to the grantee or an agent
of the grantee
Grantor has acknowledged and
voluntarily signed the deed in front
of a public notary and delivered it
in person to the grantee or an
agent of the grantee
Grantor has handed the grantee the
deed and the grantee has signed it
in front of a public notary
voluntarily accepting it.
Grantor has mailed the deed to the
county clerk's office for recording.
Grantor has signed the deed and
left it on the grantees patio.
, Which document given before Loan Estimate
closing provides an estimate of the
costs a buyer is likely to pay at The Loan Estimate provides the buyer with the
settlement? costs they are likely to pay at settlement and
discloses the mortgage loan specifics, such as its
Abstract of title key features, costs, and risks.
Closing Disclosure
Loan Estimate
The Mortgage Servicing Transfer
disclosure
In the sales comparison approach, Correlation
the appropriateness of the various
comparable sales in relationship to
the subject is considered in a
process known as ______, where
certain factors may be given more
weight.
Averaging
Bracketing
Conformity
Correlation
A licensee says, "This is a dream Puffery
home with the best views in town."
This is an example of ______.
A lie
Intentional misrepresentation
Positive misrepresentation
Puffery
