REAL ESTATE
CHAMPIONS SCHOOL OF REAL ESTATE
FINANCE 2025 EXAM QUESTIONS AND
ANSWERS
Seller's market - When supply is low and demand is high
Buyer's market - When supply is high and demand is low
The process of creating a new mortgage loan - Origination
The detailed process of evaluating a borrower's loan application to determine the risk
involved for the lender - Underwriting
When there is an excess of money supply in the market - Monetary inflation
Which agency insures deposits in bank and thrift institution for up to $250,000? - Federal
Deposit Insurance Corporation
prohibit housing discrimination based on sex, race, color, religion, national origin,
disabilities, or familial status - Federal Fair Housing
All residential mortgage loan originators must now be registered with... - Nationwide
Mortgage Licensing System and Registry (NMLSR)
The practice of refusing to provide financing in a particular area because of the location -
Redlining
REAL ESTATE
, REAL ESTATE
What was the Community Reinvestment Act (CRA)? - Law against bank to ensure that
banks would serve the needs of the community
The Texas Veteran's Loan Program - Buyes loans from lender
To participate in the program, the Veteran obtains a FHA, VA, or conventional loan from
participating lenders - Texas Veteran's Loan Program
Texas Veterans Land Loan - Charges less in fees
What is TDHCA? - (Texas Department of Housing and Community Affairs) Responsible
for affordable housing.
The Housing Assistance Program... - Is a loan that is eligible for Veterans, military
member and their spouses
The creditor must ensure that the consumer receives the Closing Disclosure form at lease
________ days before the consumer closes the loan - 3 Business days
Freddie MAC is a federally chartered corporation for the purpose of... - Purchasing
mortgages in the secondary market.
Created in the 1970 to purchase mortgages in the secondary market - Freddie MAC
The market where borrowers and mortgage lender come together to create and negotiate
terms of a mortgage transaction is called... - The Primary Market
REAL ESTATE
CHAMPIONS SCHOOL OF REAL ESTATE
FINANCE 2025 EXAM QUESTIONS AND
ANSWERS
Seller's market - When supply is low and demand is high
Buyer's market - When supply is high and demand is low
The process of creating a new mortgage loan - Origination
The detailed process of evaluating a borrower's loan application to determine the risk
involved for the lender - Underwriting
When there is an excess of money supply in the market - Monetary inflation
Which agency insures deposits in bank and thrift institution for up to $250,000? - Federal
Deposit Insurance Corporation
prohibit housing discrimination based on sex, race, color, religion, national origin,
disabilities, or familial status - Federal Fair Housing
All residential mortgage loan originators must now be registered with... - Nationwide
Mortgage Licensing System and Registry (NMLSR)
The practice of refusing to provide financing in a particular area because of the location -
Redlining
REAL ESTATE
, REAL ESTATE
What was the Community Reinvestment Act (CRA)? - Law against bank to ensure that
banks would serve the needs of the community
The Texas Veteran's Loan Program - Buyes loans from lender
To participate in the program, the Veteran obtains a FHA, VA, or conventional loan from
participating lenders - Texas Veteran's Loan Program
Texas Veterans Land Loan - Charges less in fees
What is TDHCA? - (Texas Department of Housing and Community Affairs) Responsible
for affordable housing.
The Housing Assistance Program... - Is a loan that is eligible for Veterans, military
member and their spouses
The creditor must ensure that the consumer receives the Closing Disclosure form at lease
________ days before the consumer closes the loan - 3 Business days
Freddie MAC is a federally chartered corporation for the purpose of... - Purchasing
mortgages in the secondary market.
Created in the 1970 to purchase mortgages in the secondary market - Freddie MAC
The market where borrowers and mortgage lender come together to create and negotiate
terms of a mortgage transaction is called... - The Primary Market
REAL ESTATE
