The Purchase Journey

The Purchase Journey

Professional Development

20 Qs

quiz-placeholder

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The Purchase Journey

The Purchase Journey

Assessment

Quiz

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Professional Development

Practice Problem

Medium

Created by

Dawn Thomas

Used 18+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What document do we need for the purchase file to go live?

Starter Form

SDLT Declaration

Source of Funds Form

Sales Memorandum

2.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

What information is contained in a sales memorandum?

Floorplan

Solicitors details

Photos

Price

3.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

What are the ways clients typically fund a purchase?

Sale or remortgage

Mortgage

Lottery win

Gift/Savings/Investment/inheritance

4.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

Who can a buyer consult regarding obtaining a mortgage?

IFA

Mortgage Broker

Bank

Accountant

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

How do we check with client if they have a Mortgage In Principle instead of a mortgage?

Ask how many pages is the document?

Ask if they have passed their credit check?

Ask if valuation done?

Ask what the document states?

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which survey uses the traffic light system?

Valuation

Full Structural

Homes Buyers report

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

How long after the Mortgage in Principle does the valuation take place?

5 days

2 weeks

1 day

7 days

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