1. John plans to bid on real estate at a tax auction. Before bidding on a parcel, he would be wise to A. Obtain a tax receipt B. Purchase title insurance C. Conduct a title search D. Sign a contract

2. A major negative of balloon loan financing is that the borrower may have difficulty A. Frequency of payments B. Long-term amortization C. Amount of loan D. Refinancing when the final payment is due

3. Which of the following is given consideration in evaluation of a loan application A. Income adequacy B. Race C. Sex D. Marital status

4. Mortgage companies A. Insure loans B. Originate loans C. Guarantee loans D. Buy homes