Real Estate Agent / Broker / Salesperson Exam Prep

Category - Real Estate

Start a Study Session Sign up for Question of the Day

The term “note rate” refers to:

the speed at which a musician plays scales
the interest rate stated on a mortgage note
the interest rate stated on a personal loan
the rate at which a note is amortized

Explanation

Answer: B. Note rate means the interest rate stated on a mortgage note.

Was this helpful? Upvote!

Login to contribute your own answer or details

Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz