Financial Tech Exam Part 4: Question Preview (ID: 9822)


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Legal demand that a tenant move out
a) lease b) rental agreement c) contract d) eviction
renter of the property
a) landlord b) tenant c) owner d) renter
Expressed interest in entering into a contract
a) offer b) acceptance c) counteroffer d) agreement
A written agreement to rent property which states a specified length of rental
a) rental agreement b) lease c) offer d) acceptance
Using another's property for a fee
a) Ownership b) Renting c) Leasing d) Borrowing
owner of the property
a) Landlord b) Tenant c) Renter d) Real Estate Agent
To increase in value
a) depreciate b) appreciate c) offer d) contract
Monthly payments should not exceed what percentage of one's take home pay
a) 30-40% b) 20-30% c) 25-35% d) 40-50%
Costs paid when a real estate transaction is complete
a) Commission b) Salary c) Closing Costs d) Wage
The two types of mortgages are
a) fixed and adjustable b) fixed and variable c) floating and adjustable d) floating and variable
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