CRP - PRACTICE TEST #1 2025
QUESTIONS WITH COMPLETE
SOLUTIONS!!
1 of 125
Term
If a rate change of one-eighth of one per cent or more for loans with
irregular payments or periods is made 2 days before closing, what
happens next?
a) New Closing Disclosure is retriggered to be delivered to Buyer
within 48 hours
b) New Closing Disclosure is retriggered to be delivered to Seller
within 3 days
c) New Closing Disclosure is not retriggered
,d) New Closing Disclosure tis retriggered to be delivered to Buyer
within 3 days
Give this one a try later!
d) New Closing Disclosure c) To be a key indicator gauge
tis retriggered to be that the provider has delivered
delivered to Buyer within 3 the
days targeted results
a) Delay payments, eliminate initial a)Very often the employee will not
billings, and negotiate interest rates receive the full benefit of a
on disbursements permanent buy down
Don't know?
2 of 125
Term
Claims for damage to a vehicle must be filed within:
a) 90 days of delivery
b) 30 days of delivery
c) 24 hours of delivery
d) 72 hours of delivery
Give this one a try later!
c) As non-deductible c) Pre-paid interest
b)The mobility program c) 24 hours of delivery
, Don't know?
3 of 125
Term
If an expat purchases a home in the new location, what benefit will
most companies give the assignee?
a) Mortgage subsidy
b) Home marketing benefits
c) A pre-tax flexible spending account
d) Home purchase benefits
Give this one a try later!
d) Economic conditions d) Home purchase benefits
d) Over compensating the
d) Boomers and Gen-Xers transferee
Don't know?
4 of 125
Term
On the BMA, which of these statements is correct?
, a) Bathroom is not included in total room count
b) Laundry room is included in total room count
c) Added-on extra bedroom is not included in total room count
d) Two story foyer is included in total room count
Give this one a try later!
Sales a) Bathroom is not included in
c) associate + broker of record
total room count
d) Contract date of comp and d) Boomers, Gen-Xers, Millennials,
date of value opinion Beginnings of Gen-Z
Don't know?
5 of 125
Term
There is only one federally required disclosure. What is it?
a) Homeowner Disclosure Statement
b) Relocation Property Assessment
c) HUD-1A
d) Disclosure of Information on Lead-Based Paint and/or Lead-
Based Paint Hazards
Give this one a try later!
d) Disclosure of Information
b) Disposing of their home
on Lead-Based Paint and/or
QUESTIONS WITH COMPLETE
SOLUTIONS!!
1 of 125
Term
If a rate change of one-eighth of one per cent or more for loans with
irregular payments or periods is made 2 days before closing, what
happens next?
a) New Closing Disclosure is retriggered to be delivered to Buyer
within 48 hours
b) New Closing Disclosure is retriggered to be delivered to Seller
within 3 days
c) New Closing Disclosure is not retriggered
,d) New Closing Disclosure tis retriggered to be delivered to Buyer
within 3 days
Give this one a try later!
d) New Closing Disclosure c) To be a key indicator gauge
tis retriggered to be that the provider has delivered
delivered to Buyer within 3 the
days targeted results
a) Delay payments, eliminate initial a)Very often the employee will not
billings, and negotiate interest rates receive the full benefit of a
on disbursements permanent buy down
Don't know?
2 of 125
Term
Claims for damage to a vehicle must be filed within:
a) 90 days of delivery
b) 30 days of delivery
c) 24 hours of delivery
d) 72 hours of delivery
Give this one a try later!
c) As non-deductible c) Pre-paid interest
b)The mobility program c) 24 hours of delivery
, Don't know?
3 of 125
Term
If an expat purchases a home in the new location, what benefit will
most companies give the assignee?
a) Mortgage subsidy
b) Home marketing benefits
c) A pre-tax flexible spending account
d) Home purchase benefits
Give this one a try later!
d) Economic conditions d) Home purchase benefits
d) Over compensating the
d) Boomers and Gen-Xers transferee
Don't know?
4 of 125
Term
On the BMA, which of these statements is correct?
, a) Bathroom is not included in total room count
b) Laundry room is included in total room count
c) Added-on extra bedroom is not included in total room count
d) Two story foyer is included in total room count
Give this one a try later!
Sales a) Bathroom is not included in
c) associate + broker of record
total room count
d) Contract date of comp and d) Boomers, Gen-Xers, Millennials,
date of value opinion Beginnings of Gen-Z
Don't know?
5 of 125
Term
There is only one federally required disclosure. What is it?
a) Homeowner Disclosure Statement
b) Relocation Property Assessment
c) HUD-1A
d) Disclosure of Information on Lead-Based Paint and/or Lead-
Based Paint Hazards
Give this one a try later!
d) Disclosure of Information
b) Disposing of their home
on Lead-Based Paint and/or
