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CHAMPIONS SCHOOL OF REAL
ESTATE FINANCE 2025 QUESTIONS
AND ANSWERS .
Seller's market - correct answer - When supply is low and demand is high
Buyer's market - correct answer - When supply is high and demand is low
The process of creating a new mortgage loan - correct answer - Origination
The detailed process of evaluating a borrower's loan application to determine the risk involved for the lender - correct answer - Underwriting
When there is an excess of money supply in the market - correct answer - Monetary inflation
Which agency insures deposits in bank and thrift institution for up to $250,000? - correct answer - Federal Deposit Insurance Corporation
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prohibit housing discrimination based on sex, race, color, religion, national origin, disabilities, or familial status - correct answer - Federal Fair Housing
All residential mortgage loan originators must now be registered with... - correct answer - Nationwide Mortgage Licensing System and Registry
(NMLSR)
The practice of refusing to provide financing in a particular area because of the location - correct answer - Redlining
What was the Community Reinvestment Act (CRA)? - correct answer - Law against bank to ensure that banks would serve the needs of the community
The Texas Veteran's Loan Program - correct answer - Buyes loans from lender
To participate in the program, the Veteran obtains a FHA, VA, or conventional loan from participating lenders - correct answer - Texas Veteran's Loan Program
Texas Veterans Land Loan - correct answer - Charges less in fees
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