SC PSI REAL ESTATE EXAM PREP QUESTIONS AND ANSWERS, GRADED A| LATEST EXAM UPDATES| 2024/25 |+/ VERIFIED/

SC PSI REAL ESTATE EXAM PREP QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Which of the following describes the term appreciation? - -An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - -An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - -Balloon mortgage The following reason accounts for why bridge loans are not used much anymore: - -More second mortgage lenders now will lend at a high to loan value. Sellers would rather accept offers from buyers who have already sold their property. A title which is free of liens or legal questions as to ownership of the property is called a_______________title. - -Clear title What is the collateral in a home loan? - -The property itself The adjustment date on adjustable rate mortgage is: - -The date the interest rate changes What is the deposit made by potential buyer to show he is serious about buying a house called? - - Earnest money deposit A right-of-way which gives persons other than the owner access to our over a property is known as an: - -Easemen