In the sales comparison approach to appraisals, the appraiser ___________ the value of a property by ________________ the selling prices of properties similar to, and _____________, the property being appraised. Select one:

a.

calculates, estimating, newer than

b.

estimates, comparing, near

c.

compares, adjusting, within 100 miles of

d.

substitutes, negotiating, owned by the same parties of

e.

none of the above

Identify the true statement:

a.

Loan discount fees help to reduce loan closing costs

b.

Homeowner insurance costs paid in advance by a borrower increase total loan closing costs and drive up the effective rate on a mortgage note

c.

Loan discount points and loan origination fees increase the effective rate of interest assessed to a borrower as reflected on the Truth-in-Lending form.

d.

Payment of one discount point generally lowers the interest rate on a loan by a full percentage.

e.

All of the statements above are false.