PracticeQuiz content is free on an ad-supported model.
Unfortunately, we can't support ad blocker usage because of the impact on our servers. If you'd like to continue, please disable your ad blocker and reload page.
Category - Real Estate
If a lender agrees to make a loan to a specific borrower on a specific property, they have made a:
Answer: C - A lender’s agreement to make a loan to a specific borrower on a specific property is called a firm commitment.