31. The availability of funds in the primary market depends on the existence of the:a. secondary market.b. stock market.c. commodities market.d. foreign exchange market.

99. According to the Mortgage Reform and Anti-Predatory Lending Act, a mortgage loan originator may only receive compensation that is based on:a. the borrower’s income above the national poverty rate.b. actual time spent working on the file.c. the lender’s cost of funds.d. the principal amount of a residential mortgage loan.  

7. Predatory loan practices include:a. fraud.                                         b. usury.                              c. deception.                                 d. all of the above.

1. Private mortgage insurance reduces:a. the lender’s risk of loss in the event of borrower default.                          b. the borrower’s risk against rising interest rates.           c. the seller’s risk in the event of a buyer backing out of the sale.                                d. none of the above.           

43. A wraparound mortgage can:a. provide an above-market rate of return to the seller.     b. allow a buyer to have a below-market interest rate.      c. be used in place of a simple assumption. d. all of the above.  

Prion disease is spread by ______.

74. A foreclosure under a mortgage which requires a court ordered sale is called a:a. robo-sale foreclosure.                             b. judicial foreclosure.                           c. conventional foreclosure.d. standard foreclosure.

20. A foreclosure that does not have to be taken to court is called:a. nonjudicial.                                               b. nonrecurring.                                            c. nonamortized.d. all of the above.

18. In a seller’s market:a. supply exceeds demand.       b. demand exceeds supply.            c. home prices decline.             d. none of the above.

10. In California, the minimum score required in order to pass the Salesperson Exam is:a. 65%.b. 70%.c. 75%.d. 80%.