Quiz Summary
0 of 8 Questions completed
Questions:
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
Results
Results
0 of 8 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- Current
- Review
- Answered
- Correct
- Incorrect
-
Question 1 of 8
1. Question
A borrower applies for a mortgage, and the appraiser determines the property’s value by comparing it to recently sold homes of similar size and condition in the same neighborhood.
CorrectIncorrect -
Question 2 of 8
2. Question
A loan file shows that an appraiser selected three comparable properties located within one mile of the subject property. Each comparable closed approximately eight months prior to the appraisal date.
CorrectIncorrect -
Question 3 of 8
3. Question
A comparable property used in an appraisal contains more square footage than the subject property.
CorrectIncorrect -
Question 4 of 8
4. Question
The subject property includes a basement, but none of the comparable properties include a basement.
CorrectIncorrect -
Question 5 of 8
5. Question
A borrower asks when they must be informed of their right to receive a copy of the appraisal.
CorrectIncorrect -
Question 6 of 8
6. Question
An appraisal is completed two days before a closed-end loan is scheduled to close.
CorrectIncorrect -
Question 7 of 8
7. Question
A borrower applies for a mortgage loan with an annual percentage rate that exceeds the Average Prime Offer Rate (APOR).
CorrectIncorrect -
Question 8 of 8
8. Question
A lender fails to provide the borrower with a copy of the appraisal prior to closing.
CorrectIncorrect