Practice Test GeeksCTC - Certified Transaction Coordinator Practice Test
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Transaction Management & Coordination Flashcards

7 cards from real CTC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. What is the main purpose of a transaction timeline or checklist sent to all parties shortly after acceptance?

    Answer: To set clear expectations on key dates and responsibilities

    A timeline summarizes deadlines and who is responsible, reducing missed dates and miscommunication.

  2. The appraisal comes in $15,000 below the contract price and the contract has an appraisal contingency. Which outcome is NOT typically one of the parties' options?

    Answer: The TC orders a second appraisal on the lender's behalf without instruction

    Ordering appraisals is the lender's role and requires their direction; the parties renegotiate, cover the gap, or exercise the contingency.

  3. A buyer wants to remove the loan contingency. Which document most commonly accomplishes this?

    Answer: A signed contingency removal or release form

    Contingency removals should be in writing and signed by the party removing them, per the contract.

  4. Which party usually issues the preliminary title report or title commitment?

    Answer: The title company

    The title company searches public records and issues the commitment showing vesting, liens, and exceptions.

  5. The title commitment shows an unreleased mortgage from a loan the seller says was paid off years ago. What should the TC do?

    Answer: Notify the agent and title officer so a release or payoff verification can be obtained

    Title defects must be cured by the title company and seller, often by locating a recorded release or obtaining a payoff letter.

  6. Why does a TC confirm the buyer's final walk-through date with both agents?

    Answer: To confirm the property's condition and agreed repairs before closing

    The final walk-through lets the buyer verify condition and completed repairs before funds transfer.

  7. Which is the best practice when a TC receives a partially signed addendum missing one seller's initials?

    Answer: Return it for the missing initials before marking it complete

    Documents are not fully executed until all required parties sign or initial, and a TC must never sign for a party.

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Sources & references

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  1. car.org — Test delivery, eligibility, passing score, score release, score validity · verified Oct 2026
  2. store.car.org — Exam format · verified Oct 2026