CHAMPIONS REAL ESTATE FINANCE EAXM QUESTION
BANK (2 VERSIONS) NEWEST 2025 ACTUAL EXAM WITH
COMPLETE 600+ QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+
(VERSION A AND B) | GUARANTEED PASS
Which of the following is not a role of the agent in regards to the buyer's
financing?
Providing buyers with a list of potential lenders
Arranging for pre-qualification/pre-approval of buyers
Scheduling the appraisal
Preparing the contract with all terms of the sale, including financing conditions -
✔✔✔ Correct Answer > Scheduling the appraisal
The right of redemption for foreclosure in Texas is two years - ✔✔✔ Correct Answer > In
Texas, lenders must foreclose on deeds of trust or mortgages in default using
either a judicial or non-judicial foreclosure process
The interest rate on a subordinate instrument is typically (higher/lower/equal)
___________ the market rates for primary instruments due to increased risk on
the part of the lender - ✔✔✔ Correct Answer > Higher than
The type of foreclosure that involves the lender filing a lawsuit on the homeowner
that has defaulted is known as _________ - ✔✔✔ Correct Answer > Strict foreclosure
,Foreclosure judgment, deficiency judgment, debt relief, guarantee - ✔✔✔ Correct
Answer > Deficiency Judgment
A _______________ cannot be accepted from borrowers who can financially
afford their mortgage payments
Short sale
Refinance
HECM
Deed in lieu - ✔✔✔ Correct Answer > Deed in lieu
Sending monthly payment statements and collecting monthly payments,
maintaining payment records and following up on delinquencies - ✔✔✔ Correct Answer >
Servicing
The process of creating a new mortgage loan - ✔✔✔ Correct Answer > Origination
The process of collecting information about a borrower in order to build a loan file
that will be used to make an underwriting decision - ✔✔✔ Correct Answer > Loan
Processing
The process of transferring funds to a title or escrow company for disbursement -
✔✔✔ Correct Answer > Funding
,The process of evaluating a borrower's loan application to determine the risk
involved for the lender - ✔✔✔ Correct Answer > Underwriting
Which of the following is not a benefit of homeownership?
Tax benefits
Paying a mortgage
Security
Pride of Ownership - ✔✔✔ Correct Answer > Paying a mortgage
The Four C's of Good Lending are: - ✔✔✔ Correct Answer > Character, Capital, Capacity,
Collateral
The yield on a loan is determined by the rate of interest charged on the loan and
the _____________ charged by the lender at closing.
Credit Points
Par Points
Origination Points
Discount Points - ✔✔✔ Correct Answer > Discount points
A _______________ is a middleman between a borrower and a lender.
Mortgage Banker
Loan Processor
Mortgage Broker
Correspondent Lender - ✔✔✔ Correct Answer > Mortgage broker
, The ______________ collects the monthly payment, maintains records of
payments and balances, collects and pays taxes, remits funds to the note holder,
and follows up on delinquencies.
Underwriter
Processor
Loan Originator
Servicer - ✔✔✔ Correct Answer > Servicer
What is the number one determinant for real estate demand? - ✔✔✔ Correct Answer >
Employment
At the national level, the value of residential real estate is affected by what factor?
Availability of employment
Local government policy
The monetary policies of the Federal Reserve
Population trends - ✔✔✔ Correct Answer > The monetary policies of the Federal Reserve
What is the primary determinant of real estate value?
Supply and demand
Personal preference
Employment
Interest rates - ✔✔✔ Correct Answer > Supply and demand
BANK (2 VERSIONS) NEWEST 2025 ACTUAL EXAM WITH
COMPLETE 600+ QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+
(VERSION A AND B) | GUARANTEED PASS
Which of the following is not a role of the agent in regards to the buyer's
financing?
Providing buyers with a list of potential lenders
Arranging for pre-qualification/pre-approval of buyers
Scheduling the appraisal
Preparing the contract with all terms of the sale, including financing conditions -
✔✔✔ Correct Answer > Scheduling the appraisal
The right of redemption for foreclosure in Texas is two years - ✔✔✔ Correct Answer > In
Texas, lenders must foreclose on deeds of trust or mortgages in default using
either a judicial or non-judicial foreclosure process
The interest rate on a subordinate instrument is typically (higher/lower/equal)
___________ the market rates for primary instruments due to increased risk on
the part of the lender - ✔✔✔ Correct Answer > Higher than
The type of foreclosure that involves the lender filing a lawsuit on the homeowner
that has defaulted is known as _________ - ✔✔✔ Correct Answer > Strict foreclosure
,Foreclosure judgment, deficiency judgment, debt relief, guarantee - ✔✔✔ Correct
Answer > Deficiency Judgment
A _______________ cannot be accepted from borrowers who can financially
afford their mortgage payments
Short sale
Refinance
HECM
Deed in lieu - ✔✔✔ Correct Answer > Deed in lieu
Sending monthly payment statements and collecting monthly payments,
maintaining payment records and following up on delinquencies - ✔✔✔ Correct Answer >
Servicing
The process of creating a new mortgage loan - ✔✔✔ Correct Answer > Origination
The process of collecting information about a borrower in order to build a loan file
that will be used to make an underwriting decision - ✔✔✔ Correct Answer > Loan
Processing
The process of transferring funds to a title or escrow company for disbursement -
✔✔✔ Correct Answer > Funding
,The process of evaluating a borrower's loan application to determine the risk
involved for the lender - ✔✔✔ Correct Answer > Underwriting
Which of the following is not a benefit of homeownership?
Tax benefits
Paying a mortgage
Security
Pride of Ownership - ✔✔✔ Correct Answer > Paying a mortgage
The Four C's of Good Lending are: - ✔✔✔ Correct Answer > Character, Capital, Capacity,
Collateral
The yield on a loan is determined by the rate of interest charged on the loan and
the _____________ charged by the lender at closing.
Credit Points
Par Points
Origination Points
Discount Points - ✔✔✔ Correct Answer > Discount points
A _______________ is a middleman between a borrower and a lender.
Mortgage Banker
Loan Processor
Mortgage Broker
Correspondent Lender - ✔✔✔ Correct Answer > Mortgage broker
, The ______________ collects the monthly payment, maintains records of
payments and balances, collects and pays taxes, remits funds to the note holder,
and follows up on delinquencies.
Underwriter
Processor
Loan Originator
Servicer - ✔✔✔ Correct Answer > Servicer
What is the number one determinant for real estate demand? - ✔✔✔ Correct Answer >
Employment
At the national level, the value of residential real estate is affected by what factor?
Availability of employment
Local government policy
The monetary policies of the Federal Reserve
Population trends - ✔✔✔ Correct Answer > The monetary policies of the Federal Reserve
What is the primary determinant of real estate value?
Supply and demand
Personal preference
Employment
Interest rates - ✔✔✔ Correct Answer > Supply and demand
