Practice Exam

Question 1

True of False: A mortgage loan originator must have a real estate license.

Answer 1

True

Question 2

What is a real estate appraiser’s fee for services based on?

Answer 2

The time and difficulty of the appraisal

Question 3

When a developer completes construction of a new subdivision, all streets, electric, water and sewer installation are finished and deeded to the city or county. What is this process called?

Answer 3

Dedication