File Info
| Exam | Certified Trust and Financial Advisor |
| Number | CTFA |
| File Name | Financial.CTFA.PracticeTest.2018-08-23.464q.tqb |
| Size | 1 MB |
| Posted | Aug 23, 2018 |
| Download | Financial.CTFA.PracticeTest.2018-08-23.464q.tqb |
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Demo Questions
Question 1
__________ refers to failure to meet legal obligations in a contract, specifically, failure to make the monthly payments on the mortgage.
- Foreclosure
- Default
- Amortization
- Callable debt
Correct answer: A
Question 2
The difference between fair market value and current indebtedness is called:
- Down payment
- Amortization
- Equity
- Fixed rate mortgage
Correct answer: A
Question 3
An account held by the lender into which the home buyer pays money for tax or insurance payments.
- Entitlement
- Deed of trust
- Escrow
- Earnest money
Correct answer: C
