306_PRACTICE_EXAM_2_ANSWERS

306_PRACTICE_EXAM_2_ANSWERS - REAL ESTATE PROCESS 306...

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REAL ESTATE PROCESS 306 PRACTICE Second Exam (includes Edition 2 chapters: 7, 10, 11, 12, 16, 17, 18, 23) ON THE SCANTRON SHEET WRITE: 1. YOUR NAME 2. YOUR STUDENT IDENTIFICATION NUMBER 3. YOUR DISCUSSION SECTION NUMBER IN THE A, B, AND C SPACES OF THE SPECIAL CODE (301, 302, ETC) 4. NUMBER 1 FOR VERSION 1 IN THE D SPACE OF THE SPECIAL CODE. 301 7:45 AM Tuesday 2170 Grainger Andrew (Drew) Hibbard 302 7:45 AM Wednesday 2170 Grainger Andrew (Drew) Hibbard 303 6:00 PM Tuesday 1270 Grainger Nic Horsfield 305 12:05 PM Friday 1195 Grainger Nic Horsfield 307 6:00 PM Wednesday 1270 Grainger Andrew (Drew) Hibbard 308 1:20 PM Friday 1270 Grainger Nic Horsfield Please use a #2 pencil to fill in the Scantron form. There are XX true/false questions worth 1 point each and XX multiple choice questions worth 2 points each. The entire exam has XX points . Select the one BEST answer . YOU HAVE 50 MINUTES FOR THIS EXAM. BE SURE AND ANSWER ALL QUESTIONS. EXAM GROUND RULES 1. No dictionaries or programmable calculators allowed in the exam, 2. No one is allowed to temporarily leave the room once the exam has started. If you leave the room before you have finished the exam, you will NOT be allowed to return and complete it. Of course, you can leave the room early if you have completed and turned in your exam. 3. When the instructor says the exam time is ended, STOP ALL WORK and bring the exam to the front of the room. 4. Make sure you fill in the scantron form with you name, student identification number, and discussion section BEFORE the exam time is ended . We will not allow you to fill in those items once time is called. 1
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Make sure you fill in the corresponding circle on the attached computer answer sheet (scantron sheet) with your No. 2 pencil. No credit for answers you forgot to indicate on the scantron. ONE POINT QUESTIONS: 1. Curt Culver noted in lecture that a “good” FICO score is above 620. A) True B) False 2. In chapter 7, one of the Industry Issues discussed the types of retail shops in the (Ronald Reagan) Washington National Airport. Psychographics played an important role in choosing which retailers would be successful in that unique environment. A) True B) False 3. One factor in the demand for student housing in Madison is the enrollment policies of the University of Wisconsin – Madison. A) True B) False 4. Brenda Buyer just obtained an adjustable rate mortgage for $50,000 for 5 years. There is a payment cap which causes the mortgage to have negative amortization for the entire term of the loan. At the end of the 5 years, Brenda will owe more than $50,000.
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306_PRACTICE_EXAM_2_ANSWERS - REAL ESTATE PROCESS 306...

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