Hud practice exam 100 - Study guides, Class notes & Summaries

HUD Practice Exam |Question and Answer| 100% Correct Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? *Ans* List of Assets Retirement plan statement Pay stub X Current lease A client would like purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? *Ans* A cr...

Module 3: Hawaii Pre-Licensing Real Estate Class Exam Questions and Answers 100% Pass 1) Mr. Juarez, a Spanish-American man, went to a real estate agency to rent a home. They placed him with a Spanish-speaking salesperson, who showed Mr. Juarez properties in Spanish-speaking areas only. Mr. Juarez asked about a house he had seen in a Caucasian neighborhood. The salesperson lied in telling Mr. Juarez that the property had already been rented. This is: A) Illegal discrimination based upon ...

HUD Housing Counseling Exam Practice Questions and Answers (100% Pass) Verified

HUD Certification Exam Practice Questions and Answers (100% Pass) Verified

Utah Real Estate Practice Test 1 Questions and Answers 100% Pass Before a licensee's license may be suspended or revoked for prohibited discriminatory practices, the licensee must be afforded a hearing before the: Equal Opportunities Commission of HUD Utah Real Estate Commission Utah Board of Realtors Division of Real Estate Utah Real Estate Commission (The disciplinary process involves a hearing before the Real Estate Commission. Other civil, and possibly criminal, action may re...

HECM Practice, Exam Review Questions and answers, rated A+ The HECM Saver was introduced as an option to lower the upfront cost of a HECM by reducing the upfront mortgage insurance premium to: a. 0. b. 0.01% of the Maximum Claim Amount. c. 1% of the Maximum Claim Amount. d. 1.25% of the Maximum Claim Amount. - b If repairs are required but can be completed after closing, the lender will create a repair set-aside in the amount of: a. 15% of the maximum claim amount. b. 100% of the ...

Module 3: Hawaii Pre-Licensing Real Estate Class Exam Questions and Answers 100% Pass 1) Mr. Juarez, a Spanish-American man, went to a real estate agency to rent a home. They placed him with a Spanish-speaking salesperson, who showed Mr. Juarez properties in Spanish-speaking areas only. Mr. Juarez asked about a house he had seen in a Caucasian neighborhood. The salesperson lied in telling Mr. Juarez that the property had already been rented. This is: A) Illegal discrimination based upon ...

HUD Certification Exam Questions and Answers 100% Pass Deed Restrictions - Correct Answer ️️ -Legally enforceable terms that govern the use of real estate Redlining - Correct Answer ️️ -The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 - Correct Answer ️️ -Following the assass...