unit 6 exam
Which of the following describes mutual savings bank loans?
Banks focus lending offerings on local businesses and residents.
Which of the following represents a potential concern when borrowing funds from a pension or retirement plan?
Borrowing without consulting a financial expert can result in unintended consequences, such as income tax liability and loss of retirement income.
Mike has had some financial problems and is considering borrowing from his retirement plan. Which of the following is a true statement?
He should consult with a financial expert before doing so.
Which type of bond is used to pay for community improvements?
Municipal bond
The three general groups of international buyers that real estate professionals may encounter are those who ______, those who are looking for a vacation home for when they travel to the U.S., and those who are looking for a luxury property as an investment.
Have work visas and are looking for a home to purchase while they're in the U.S
What does REIT stand for?
Real estate Investment trust
More than 70% of the assets of mutual savings banks are derived from ______.
Savings accounts
Joe decided to borrow funds from his retirement account to fund the down payment on his new house. It's now two years later and he lost his job. What is true about his pension plan?
The loan must be repaid immediately.
Kaycie is a new employee at a mutual savings bank. During orientation, she learned that mutual savings banks have limitations that are set by their ______.
Charter
Which type of real estate investment trust derives its income from the rent or sale of property and interest dividends?
Hybrid REIT
Which of the following best describes an equity real estate investment trust?
Invests in equity by owning income-producing property, such as malls, apartments, or office parks
Which type of real estate investment trust derives a portion of its income from interest dividends?
Mortgage REIT
Mark and Nancy purchased a municipal bond to help with the funding of a new school gymnasium. In exchange for their investment, what will they receive?
Interest
Which type of real estate investment trust involves both residential and commercial properties?
Mortgage REIT
An industrial development bond is a variety of ______ bond.
Municipal
A local town has been growing and needs a new elementary school. What kind of bond instrument will the town use to finance this project?
Municipal bond