Writing An Acceptable REO Offer Quiz

Writing An Acceptable REO Offer Quiz

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Question 1 of 20

1. Question
- 15 days.
- 30 days.
- 10 days.
- 5 days.
Correct

Incorrect
Question 2 of 20

2. Question
- $500.00.
- $1500.00.
- the amount requested by the seller per the MLS.
- whatever the buyer can afford.
Correct

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Question 3 of 20

3. Question
- "TITLE."
- the seller's choice of title company.
- the buyer's title company.
- None of the above
Correct

Incorrect
Question 4 of 20

4. Question
- False
- True
Correct

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Question 5 of 20

5. Question
- an approval letter.
- a pre-approval letter.
- a bank settlement.
- All of the above
Correct

Incorrect
Question 6 of 20

6. Question
- Cash Request Authorized.
- A Comparative Market Analysis.
- A Cash Monies Authorized
- None of the above
Correct

Incorrect
Question 7 of 20

7. Question
- Broker Price Opinion.
- Buyer's Proof of Option.
- Broker's Positive Outcome.
- None of the above
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Question 8 of 20

8. Question
- 21 – 45 days.
- 5 days.
- 10 – 15 days.
- None of the above
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Question 9 of 20

9. Question
- is an agreement between the buyers and their agent.
- is based on the earnest money deposit amount.
- must express the parties' present intent to contract.
- All of the above
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Question 10 of 20

10. Question
- to type it using online templates.
- to have the buyer present it directly to the seller.
- to hand write it.
- to verbally present it to the seller's agent.
Correct

Incorrect
Question 11 of 20

11. Question
- buyer's agent.
- seller.
- listing agent.
- buyer.
Correct

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Question 12 of 20

12. Question
- repairs.
- the amount for which they may be liable for default.
- All of the above
Correct

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Question 13 of 20

13. Question
- 24 hours to respond.
- 5 days to respond.
- 10 days to respond.
- None of the above
Correct

Incorrect
Question 14 of 20

14. Question
- Housing and Urban Development,
- Housing and Urban Defaults.
- Home Under Default.
- None of the above
Correct

Incorrect
Question 15 of 20

15. Question
- the selling agent.
- a licensed FHA appraiser.
- the listing agent.
- a BPO.
Correct

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Question 16 of 20

16. Question
- occupancy prior to closing is completely prohibited.
- a lease may be obtained prior to closing.
- All of the above
Correct

Incorrect
Question 17 of 20

17. Question
- Federal Help Administration.
- Financial Help Association.
- Federal Housing Administration.
- None of the above
Correct

Incorrect
Question 18 of 20

18. Question
- the selling broker.
- the seller.
- the listing broker.
- escrow.
Correct

Incorrect
Question 19 of 20

19. Question
- 5
- 3
- 10
- 2
Correct

Incorrect
Question 20 of 20

20. Question
- the lender.
- the broker.
- HUD.
- the buyer.
Correct

Incorrect

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