13-15.A promissory note represents:
A) the borrower's promise to obtain the loan
B) the borrower's promise to repay the loan
C) a deed
D) a commitment to be a part of the closing file
Correct Answer:
Verified
Q12: 13-17.Recording is necessary to protect the owner
Q13: Under the FIRREA,for appraising federally related transactions,each
Q14: A review appraiser considers several important elements
Q15: 13-11.The method based on the premise that
Q16: The following is needed in conjunction with
Q18: The method based on the premise that
Q19: 13-20.The following is NOT considered in the
Q20: Accepted Appraisal Standards require that the appraiser
Q21: 13-37.Physical and functional obsolescence may be curable
Q22: 13-39.A document issued upon the closing of
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