EASE INTO PREP WITH A QUESTION EVERY DAY

Answer the question below and see how ready you are for your real estate licensing exam. We will explain the correct answer choice to help you understand the concept.

A little daily practice goes a long way.

Real Estate Practice Question for June 15th


A group of white-collar criminals set up an operation to steal money from a major institutional lender specializing in residential real estate mortgages. The criminals rent an office and install multiple phone lines. Each line was dedicated to a participant in the loan application process: one line was for imaginary employers, another for imaginary appraisers, a third line for an imaginary title insurance company, et cetera. The real estate that was supposed to serve as collateral for the loan did not actually exist. What is the name typically given for this type of mortgage fraud?

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