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P3-121 quiz

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  1. Question 1 of 13
    1. Question

    Contribution to construction in the form of labor rather than cash is called:

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  2. Question 2 of 13
    2. Question

    A claim placed on property by government for unpaid taxes is a:

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  3. Question 3 of 13
    3. Question

    A lower-than-market initial interest rate on an ARM is known as a:

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  4. Question 4 of 13
    4. Question

    Holding real estate under a right or title, usually under lease, is called:

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  5. Question 5 of 13
    5. Question

    Joint ownership by husband and wife with survivorship rights is:

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  6. Question 6 of 13
    6. Question

    Ownership by two or more persons without survivorship rights is:

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  7. Question 7 of 13
    7. Question

    One who occupies real property with the owner’s consent and pays rent is a:

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  8. Question 8 of 13
    8. Question

    The time period between start and end of a contract, note, or mortgage is the:

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  9. Question 9 of 13
    9. Question

    Using another party to originate, process, or close loans is called:

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  10. Question 10 of 13
    10. Question

    A documentation shortcut allowing lenders to obtain borrower info directly is:

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  11. Question 11 of 13
    11. Question

    A development where a buyer can occupy a unit for a set annual period is a:

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  12. Question 12 of 13
    12. Question

    Ownership rights or the documents proving those rights are known as:

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  13. Question 13 of 13
    13. Question

    A temporary title insurance policy protecting ownership until permanent coverage is issued is a:

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    Incorrect
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