California Real Estate Practice Exam

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Prepare for the California Real Estate Exam. Study with flashcards and multiple-choice questions, each question includes hints and explanations. Get ready to ace your exam!

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The secondary money market refers to:

participation in California real estate financing by out-of-state lenders
junior loans
transfers of loans and T.D.s between mortgagors for value
transfers of notes and T.D.s between mortgagees for value

The correct answer is: participation in California real estate financing by out-of-state lenders

The secondary money market refers to the participation in California real estate financing by out-of-state lenders. This market allows lenders from outside of California to invest in California real estate loans, providing more liquidity and funding options for borrowers in the state. The other options provided do not accurately describe the concept of the secondary money market in real estate finance.