Podcast
Questions and Answers
What is the role of the Federal Reserve in determining monetary policy?
What is the role of the Federal Reserve in determining monetary policy?
- Setting key interest rates
- Regulating reserve requirements for banks
- Conducting open market operations
- All of the above (correct)
How do open market operations affect interest rates?
How do open market operations affect interest rates?
- Decrease interest rates (correct)
- Fluctuate interest rates randomly
- Have no impact on interest rates
- Increase interest rates
What is the main power that a Trustee has in the event of default?
What is the main power that a Trustee has in the event of default?
- Power to foreclose without going to court (correct)
- Power to demand immediate payment of the loan balance
- Power to renegotiate the loan terms
- Power to sue the borrower
Which of the following must be adequately described in a security instrument?
Which of the following must be adequately described in a security instrument?
What does the alienation clause prohibit?
What does the alienation clause prohibit?
What does an acceleration clause give the lender the right to do?
What does an acceleration clause give the lender the right to do?
What is a temporary postponement of mortgage payments called?
What is a temporary postponement of mortgage payments called?
What does an underwriting guideline ensure?
What does an underwriting guideline ensure?
What type of bailment conveys possessory title to a creditor, securing repayment for debt?
What type of bailment conveys possessory title to a creditor, securing repayment for debt?
What is a charge or payment expressed as a percentage of some other amount?
What is a charge or payment expressed as a percentage of some other amount?
What type of real estate contract involves the vendee paying the purchase price in installments, with the vendor retaining legal title until full payment is made?
What type of real estate contract involves the vendee paying the purchase price in installments, with the vendor retaining legal title until full payment is made?
What term refers to the provision in a listing agreement where the seller must pay a commission if the property is sold after the listing expires to someone negotiated with during the listing period?
What term refers to the provision in a listing agreement where the seller must pay a commission if the property is sold after the listing expires to someone negotiated with during the listing period?
What happens when a new real estate contract is created, and an old one is extinguished?
What happens when a new real estate contract is created, and an old one is extinguished?
What does MLS stand for in real estate terminology?
What does MLS stand for in real estate terminology?
In real estate, which type of listing requires the seller to pay the broker's commission only if the broker is the procuring cause of the sale?
In real estate, which type of listing requires the seller to pay the broker's commission only if the broker is the procuring cause of the sale?
What term describes a document that entitles the holder to a discount in real estate?
What term describes a document that entitles the holder to a discount in real estate?
In real estate, what does it mean to 'expel someone from a property with legal support'?
In real estate, what does it mean to 'expel someone from a property with legal support'?
Which clause in a real estate contract specifies conditions that must be met for the contract to become binding?
Which clause in a real estate contract specifies conditions that must be met for the contract to become binding?
