Practice Quiz

Texas Real Estate Exam - Question List

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41.

If a lender agrees to make a loan to a specific borrower on a specific property, they have made a:

  1. Decision to make the loan
  2. Statement that both the buyer and the property pass inspection
  3. Firm commitment
  4. All of the above
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42. The security of a loan made on real property depends upon:
  1. The borrower’s credit
  2. The value of the property being liened
  3. The stability and value of money
  4. All of the above
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43. If a veteran is eligible for a VA loan, he or she would receive a document from the VA called:
  1. Certificate of Authenticity
  2. Certificate of Approval
  3. Certificate of Met Requirements
  4. Certificate of Eligibility
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44. If you go to a bank or mortgage company to apply for a home, what type of mortgage would you be applying for?
  1. Government
  2. Conventional
  3. American
  4. Adjustable rate
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45. If you have not made your mortgage payment within 30 days of the due date, the mortgage is considered to be in:
  1. arrears
  2. default
  3. trouble
  4. bankruptcy
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