ABA CTFA Exam
Certified Trust and Financial Advisor (CTFA) (Page 16 )

Updated On: 1-Feb-2026

Real estate commissions generally range for new homes and for previously occupied homes or resales. It may be possible to negotiate a lower decision with your broker or to find or one who charges a flat fee.

  1. From 5%-6% for new and from 6%-7%
  2. From 4%-6% for new and from 6%-9%
  3. From 4%-6% for new and from 8%-9%
  4. From 4%-6% for new and from 6%-7%

Answer(s): A



Sale of real estate property in which the proceeds are less than the balance owed on loan secured by property sold.

  1. Foreclosure
  2. Real estate short sale
  3. Multiple listing service
  4. None of these

Answer(s): B



One of the components of monthly mortgage insurance is homeowner's insurance. Its cost varies with factor/s as:

  1. Age of the house
  2. Location
  3. Material used in construction
  4. A and B Only

Answer(s): A,B,C



A direct lease, a sale and leaseback, and a leveraged lease are all examples of:

  1. Operating leases
  2. Financial leases
  3. Full-service leases
  4. "off-balance sheet" methods of financing

Answer(s): B



Medium-term notes (MTNs) have maturities that range up to:

  1. One year (But no more)
  2. Two years (but no more)
  3. Ten years (but no more)
  4. Thirty years (or more)

Answer(s): D



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