- You have to answer 80% of the questions correctly.
- The exam contains 4 questions.
- You have unlimited time to complete the exam.
- You have as many attempts as you need.
- A score of 80% is required to pass the exam.
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Question 1 of 4
1. Question1 point(s)
A Vendor Take-Back mortgage (VTB) is when a seller, the ______________ of a ______________, provides some or all of the ____________ ____________ for ___________________ that they are selling.
- purchasing a property
Question 2 of 4
2. Question1 point(s)
Sort the benefits of VTB for buyers and sellers.
- cost saving
- Near asking price
- Easy sale
- Steady cash flow
- Better ROI
Buyer Benefits 1:
Buyer Benefits 2:
Buyer Benefits 3:
Buyer Benefits 4:
Seller Benefits 1:
Seller Benefits 2:
Seller Benefits 3:
Seller Benefits 4:
Question 3 of 4
3. Question1 point(s)
When is VTB typically used?
Question 4 of 4
4. Question1 point(s)
What should be considered for combining a VTB with institutional financing?