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Financial Tech Exam Part 4
Test Description: Financial Tech Exam Part 4
Instructions: Answer all questions to get your test result.
1) Legal demand that a tenant move out
A
lease
B
rental agreement
C
eviction
D
contract
2) renter of the property
A
owner
B
tenant
C
landlord
D
renter
3) Expressed interest in entering into a contract
A
acceptance
B
counteroffer
C
agreement
D
offer
4) A written agreement to rent property which states a specified length of rental
A
rental agreement
B
lease
C
acceptance
D
offer
5) Using another's property for a fee
A
Ownership
B
Borrowing
C
Renting
D
Leasing
6) owner of the property
A
Renter
B
Landlord
C
Tenant
D
Real Estate Agent
7) To increase in value
A
contract
B
depreciate
C
offer
D
appreciate
8) Monthly payments should not exceed what percentage of one's take home pay
A
30-40%
B
40-50%
C
25-35%
D
20-30%
9) Costs paid when a real estate transaction is complete
A
Salary
B
Wage
C
Commission
D
Closing Costs
10) The two types of mortgages are
A
floating and adjustable
B
fixed and variable
C
floating and variable
D
fixed and adjustable
*select an answer for all questions
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