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- 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.
Of course, if you get stuck, you can email us at support@keyspire.com. Good luck!
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Question 1 of 4
1. Question
1 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.
Sort elements
- vendor
- property
- mortgage
- financing
- purchasing a property
- lender
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Question 2 of 4
2. Question
1 point(s)Sort the benefits of VTB for buyers and sellers.
Sort elements
- Affordability
- cost saving
- credit
- flexibility
- Near asking price
- Easy sale
- Steady cash flow
- Better ROI
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Buyer Benefits 1:
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Question 3 of 4
3. Question
1 point(s)When is VTB typically used?
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Question 4 of 4
4. Question
1 point(s)What should be considered for combining a VTB with institutional financing?