QUESTION: 245

Contingency clause:

Is the clause in a real estate sales contract that makes the agreement conditional on such factors as the availability of financing, property inspections, or obtaining expert advice
Is the clause in a real estate purchase contract that makes the agreement conditional on such factors as the availability of financing, property inspections, or obtaining expert advice
Is the clause in a automobile sales contract that makes the agreement conditional on such factors as the availability of financing, property inspections, or obtaining expert advice
Is the clause in a prequalification that makes the agreement conditional on such factors as the availability of financing, property inspections, or obtaining expert advice

Answer(s): A

A federal law requiring mortgage lenders to give potential borrowers a government publication describing the closing process and providing clear, advance disclosure of all closing costs to home buyers is called:

Multiple listing service
Real Estate settlement procedure Act
Title check
Closing statement

Answer(s): B

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QUESTION: 247

Money market mutual funds:

Enable individuals and small businesses to invest indirectly in money-market instruments
Are available only to high net-worth individuals
Are involved in acquiring and placing mortgages
Are also known as finance companies

Answer(s): A

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QUESTION: 248

The purpose of financial markets is to:

Increase the price of common stocks
Lower the yield on bonds
Allocate savings efficiently
Control inflation

Answer(s): C

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Free CTFA Exam Braindumps (page: 62)

QUESTION: 245

QUESTION: 246

QUESTION: 247

QUESTION: 248