1,A house for sale is listed at $310 000 and you manage to win the competitive bid with an offer of $312 000.

The appraisal indicates the value at $295 000. What will be the conventional mortgage loan amount approved by the bank?

A.$248 000

B.$221 250

C.$236 000

D.$249 600

2. A house is sold for $300 000 but was only appraised by the bank for $285 000. Assuming the buyer obtains a conventional mortgage, what is the total amount of the down payment required to purchase the house?

A.$72 000

B.$57 000

C.$71 250

D.$60 000

3, What factors may not apply in provinces where auto insurance is provided by a provincial government agency?

A.vehicle characteristics such as the age of the vehicle

B.personal characteristics such as your age

C.business characteristics such as the policy provider

D.personal characteristics such as your driving record

4. Which of the following should not be a criteria you use when selecting a home?

A.The condition of the house.

B.Maintenance.

C.Resale value.

D.All of the above should be considered.