Self-Evaluation Test Questions

What is the primary role of an attorney in a short sale transaction?

  • A. Facilitates the sale and manages negotiations
  • B. Acts as a liaison between all parties and the lender
  • C. Defends the homeowner against deficiencies and guides the process favorably
  • D. Certifies real estate agents

Who is responsible for facilitating the sale and managing negotiations in a short sale?

  • A. Attorney
  • B. Real Estate Agent/Broker
  • C. Short Sale Processor
  • D. Lender

What is the function of a short sale processor in a short sale transaction?

  • A. Defends the homeowner against deficiencies
  • B. Facilitates the sale and manages negotiations
  • C. Acts as a liaison between all parties and the lender
  • D. Provides insights into the real estate industry

According to the text, what is a significant factor in the real estate agent certification process in Florida?

  • A. Legal knowledge
  • B. Experience in short sales
  • C. Demeanor
  • D. Financial acumen

What does the author suggest investors might consider doing during a short sale transaction?

  • A. Hiring multiple real estate agents
  • B. Acting as their own negotiator
  • C. Avoiding involvement in negotiations
  • D. Only focusing on foreclosure properties


Complete and Continue