Making Understanding Responses Is Sometimes Referred to as

question 2

Multiple Choice

Making understanding responses is sometimes referred to as

• A)active listening.
• B)empathic accuracy.
• C)paraphrasing.
• D)transitions.

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Definitions:

Borrower Dies

The situation where an individual who has taken out a loan passes away, potentially affecting the repayment obligations and terms of the loan.

Recorded Mortgage

A mortgage that has been formally documented with a governmental office or registry, thereby providing public notice of the lien on the property.

Financing Commitment

An assurance provided by a lender indicating the terms under which they agree to lend money to a borrower.

First Mortgage

A primary lien on a property that has precedence over all other claims or liens in the event of default or sale.