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