- 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 email@example.com. Good luck!
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Question 1 of 4
1. Question1 point(s)
Define: Private lending default
Question 2 of 4
2. Question1 point(s)
Who is responsible for getting and keeping the 1st mortgage in good standing during the default process?
Question 3 of 4
3. Question1 point(s)
What happens if the borrower does not come up with the outstanding funds within the specified number of days?
Question 4 of 4
4. Question1 point(s)
It’s important to understand the rules of the jurisdiction the property resides in.