This preview shows page 1. Sign up to view the full content.
Unformatted text preview: the most significant changes in the mortgage money market in the mid– 1930s was:
Licensing School for Appraisal, CPA, Contractors, Insurance, Real Estate, Notary, Nurse, Food Handlers, Tax and Securities 1. IMPORTANCE OF REAL ESTATE FINANCE
A. B. C. D. 6. The availability of unlimited funds for mortgage financing A secondary money market for mortgage notes on a nationwide basis The absolute control of mortgage financing by the federal government The rise of nonstandard methods of appraisal and property valuation throughout the United States The relatively sudden flow of funds out of thrift institutions into the stock market is called A. B. C. D. Reverse annuity. Disintermediation. Re-intermediation. Variable annuity. 7. As a result of the high foreclosure rates during the Great Depression, the real estate industry made long strides toward professionalization in the areas of property management and valuation. This was due to: A. The need by lenders for expert management of properties they acquired through default B. New government regulation of the real estate industry C. Buyer rejection of the old methods The introduction of the “Code of Ethics” by the NAR 8. Financing is important to the real estate industry in terms of: A. B. C. D. Property management Real estate brokerage Land development All of the above 9. As security for a loan, land is often a sound basis for collateral due to its: A. B. C. D. Fixed location Non susceptibility to government regulation Indestructibility Both A and C. 10. An advantage to obtaining a loan to buy property is to: A. Avoid attorney fees
Dynasty School (www.dynastySchool.com) 1-13 REAL ESTATE FINANCE
B. C. D. Utilize leverage Avoid the loan being sold to the secondary mortgage market None of the above Answer Key: 1–D, 2–A, 3–A, 4–C, 5–C, 6–B, 7–A, 8–D, 9–D, 10–B 1-14 Licensing School for Appraisal, CPA, Contractors, Insurance, Real Estate, Notary, Nurse, Food Handlers, Tax and Securities 2. THE MONEY MARKET CHAPTER 2: THE MONEY MARKET PREVIEW
The United States is predominantly a credit so...
View Full Document
- Spring '10