A Mortgage Lender Will Lend Based on a Proportion of the Appraisal

question 16

Multiple Choice

A mortgage lender will lend based on a proportion of the appraisal or sale price, whichever is less. This is called the

• A) loan-to-value ratio.
• B) owner's equity.
• C) percent return.
• D) CRV.

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Definitions:

Strikes

The act of halting work by a group of employees as a form of protest to demand changes from their employer, typically regarding wages, working conditions, or benefits.

Decertify

The process through which a union is officially stripped of its status as the representative of a group of workers, often following a vote among the workers themselves.

NLRB

Stands for the National Labor Relations Board, a federal agency in the United States that enforces labor laws in relation to collective bargaining and unfair labor practices.

Decertification Election

A voting process in which employees can remove union representation from their workplace.