BLACPAY+R2O THEORETICAL EMPLOYMENT TEST EXAM

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Name* This field is required.
First Name
Last Name
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Phone Number* This field is required.
Area Code
Phone Number
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Email* This field is required.
example@example.com
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Date* This field is required.
Date
Year
Month
Day
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Candidate Registration CodeEnter the Registration Code given to you by your HR Hiring Company/Referral
Enter your candidate code
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Questions TimeStamp* This field is required.
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Minutes
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What Is Rent To Own?* This field is required.2 points
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What Is An Option Fee?* This field is required.2 points
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How Much is Option Fee percentage for BlacPay * This field is required.2 points
6%
7%
9%
all of the above
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What Is Monthly Rental Credit?* This field is required.2 points
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List 3 BlacPay Lease-Option Characteristics* This field is required.2 points
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Can a Land Sale be referred to as Rent2Own?* This field is required.2 points
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What is a Wraparound Mortgage?* This field is required.2 points
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What is a Lease to Purchase Option Agreement?* This field is required.2 points
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Does BlacPay+R2O have Option Considerations?* This field is required.2 points
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During rent to own, the seller lacks proper title because of the following three reasons: name them?* This field is required.2 points
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What is required in a "Rent to Own a Home" Contract?* This field is required.2 points
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What are the Rent-to-Own Procedures?* This field is required.2 points
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How do we determine Sales Price using BlacPay Accretion calculations?* This field is required.2 points
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What is the BlacPay lease Length of Option?* This field is required.2 points
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How much is BlacPay Membership and Option Agreement Fee?* This field is required.2 points
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Is the Membership and Option Agreement Fee refundable? State why in your answer.* This field is required.2 points
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What is Rent Credit, in a rent to own agreement?* This field is required.2 points
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Who is responsible for Maintenance Issues of the property and why?* This field is required.2 points
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What is the word called for a present property value purchase and an agreed future purchase value?* This field is required.2 points
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Who determines the purchase value of the property?* This field is required.2 points
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Name 3 things that determines the purchase value of the property?* This field is required.2 points
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How do you determine a member’s monthly contribution to a rent to own?* This field is required.2 points
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Do we charge interest on our rent to own properties?* This field is required.2 points
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Do we have a down payment rent to own program?* This field is required.2 points
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What are the 5 reasons for the application process?* This field is required.2 points
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Why is it necessary to have every applicant go through the membership application process?* This field is required.2 points
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Is the membership application fee a down payment?* This field is required.2 points
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Is a membership application fee a refundable payment?* This field is required.2 points
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Is the option agreement fee a refundable payment?* This field is required.2 points
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What is the difference between a membership and an option agreement fee?* This field is required.2 points
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What qualifies for a membership and option agreement payment?* This field is required.2 points
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When members default, what percentage is refundable to them after eviction?* This field is required.2 points
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While in the property every member is a what?* This field is required.2 points
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Given this 60,000 as the current purchase value, what is the monthly contribution of the member for 15 years, 20 years and for 25 years using the BlacPay option agreement calculation?* This field is required.5 points question
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Can a member buy multiple units for investment purposes? * This field is required.2 points
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Can a rent to own member sublet their rented property?* This field is required.2 points
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What does every property have as a sign for sublease?* This field is required.2 points
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What are the cautionary sublease tenant notice terms that are also binding on the sublease tenant?* This field is required.5 point Question
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Are you sure you answered all questions to the best of your ability and you did not cheat or fraudulently answer the test questions?* This field is required.this test is timestamped and AI monitored, if for any reason we find you guilty of any fraudulent act you will be disqualified now or in the future. signing and submitting this document is agreeing to the company’s test, privacy policy agreement and procedures
YESNO
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Signature* This field is required.Acknowledgement
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