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