Hud tenancy exam 2024 - Study guides, Class notes & Summaries

Which class of office building is aimed at tenants requiring functional space at below-average rents for the area? - Class C Class C office buildings command below-average rates for the area. They're functional, but not prestigious. With a triple net lease, the tenant pays separately from the base rent. - Taxes, insurance, and maintenance When two very similar properties are for sale in the same neighborhood, which one will sell first according to the principle of substitution? - The lower p...

Real Estate FL Exam 2024 A sales associate works under - ANSthe direction of a broker or in some cases an owner developer A licensed appraiser is compensated for an appraisal - ANSWith a flat fee The product/service that all real estate professionals sell is - ANStheir expert knowledge Which area of real estate requires the highest degree of expertise? - ANSCounseling Which Florida Administrative Code expands upon the statutory provisions of Chapter 475, Florida Statutes? - AN...

Texas Real Estate Principles 1 (Chapter 1-6) Brokerage - answerThe aspect of real estate that pertains to overseeing the needs of parties and completing a transaction Appraisal - answerThe business of providing a professional opinion of the value of real property Mortgage Lending - answerThe business of providing money to individuals or corporation for the conditional transfer or pledge of real estate as security for the payment of debt RMLO - answerResidential Mortgage Loan Originator M...

©THEBRIGHTSTARS 2024 Texas Real Estate Finance Exam Questions With Revised Answers The _______ market refers to the selling and purchasing of closed real estate mortgage loans. - answersecondary The secondary market is a national market in which mortgages secured by real estate in all parts of the United States are ______ ____ _______. - answerbought and sold Secondary market agencies have two main activities: 1) ___ _____ and 2) ______ ________ ________ _______. - answerbuying loans, i...

HUD Exam – Tenancy 2024 Jake has a session with a new client, Ruth, later that day. She has received notice that her apartment complex, which offers her project-based housing assistance, will be sold to a new management company in six months. The new company will renovate the building and will no longer participate in the projectbased assistance program. To help Ruth find another affordable rental option, Jake should take all of the following steps, except: A. Provide Ruth with contact in...

HUD Housing Counseling Exam 2023/2024 Back-end ratio The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by gross monthly income equals 52%. The client's combined current housing payment and car payment divided by gross monthly inco...

HUD Exam – Tenancy 100% SOLUTION 2023//2024 Jake has a session with a new client, Ruth, later that day. She has received notice that her apartment complex, which offers her project-based housing assistance, will be sold to a new management company in six months. The new company will renovate the building and will no longer participate in the project-based assistance program. To help Ruth find another affordable rental option, Jake should take all of the following steps, except: ...