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Question # 10

A property sells for $350,000. The buyer has an 80% loan-to-value mortgage with an interest rate of 5%. What is the loan amount?

Options:

A.

$280,000

B.

$70,000

C.

$350,000

D.

$175,000

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Real Estate Licensing Overview

Name Real Estate Licensing
Code Real Estate Licensing
Vendor Professional
Certification State Licensing Boards

Real Estate Licensing Questions