Hud exam b - Study guides, Class notes & Summaries

Title Insurance Licensing Exam All of the following are characteristic of an ALTA loan EXCEPT: A. Exceptions B. Exclusions C. Contingencies D. Conditions C. Contingencies The policy limit noted in a title insurance policy applies to: A. Each defect B. Each claim C. Per year D. Cumulative claims D. Cumulative claims Brainpower Read More Zoning ordinances are establish by: A. Home builders B. Local Government C. Lender D. All the above B. Local government A good faith estimate...

Final Exam Part 7 Correctly Solved. As it relates to environmental hazards, A) real estate professionals carry the most exposure to liability. B) local governments carry the most exposure to liability. C) buyers often carry the most exposure to liability. D) sellers often carry the most exposure to liability. - correct answer D) sellers often carry the most exposure to liability. Which of the following is a hazardous substance that can be quickly absorbed by the body? A) Asbestos ...

HUD Exam – Tenancy Questions and Answers 100% Correct HUD Exam – Tenancy Questions and Answers 100% Correct HUD Exam – Tenancy Questions and Answers 100% Correct HUD Exam – Tenancy Questions and Answers 100% Correct 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 ...

HUD Housing Counseling (HUD Housing Counseling Certification Exam) Latest Questions With Correct Answers. Which document should the counselor review with the client to identify spending habits and track expenses? A. Credit report B. Pay stubs C. Bank Statement D. Tax returns Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? A. Net Income B. Lease Documentation C. Credit Score D. Bankruptcy Discharge Net I...

NMLS EXAM STUDY QUESTIONS 2024. 1) Mortgage loan fraud is reported at what level? A. State B. Federal C. County D. City - correct answer B. Mortgage Fraud is reported to the FBI and to HUD ( The United States Department of Housing and Urban Development is a Cabinet department in the executive branch of the U.S. federal government) 2) Title V of the Housing and Economic Recovery Act (HERA) of 2008 is best known as: A. The SAFE Act B. RESPA C. TILA D. CRA - correct answer A. S.A.F....

MISSOURI REAL ESTATE 48 HOUR COURSE UNIT QUIZZES MO LAW EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ c. license law - -Chapter 339 of the Missouri Statutes is known as: a. Law of agency b. code of ethics c. license law d. administrative commission code c. her commission would be based on her agreement with her broker - -A salesperson licensed in another state but NOT in MO comes into MO and refers her brother to a RE company in MO to assist him in the purchase of a home. The salesp...

HUD Exam - Housing Affordability Questions and Answers 100% Correct HUD Exam - Housing Affordability Questions and Answers 100% Correct HUD Exam - Housing Affordability Questions and Answers 100% Correct HUD Exam - Housing Affordability Questions and Answers 100% Correct All of the following are true statements about upfront costs associated with renting and buying, except; A. Renters generally pay a security deposit upon signing a lease. B. The average cost due upon signing a...

HUD Exam Prep Question and answers rated A+ 2024 % Impact of Account Payment History on Credit Score - correct answer 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score - correct answer 30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score - correct answer ...

NJ Real Estate Exam Questions According to New Jersey License Law, A licensee who wants to sell property that the licensee owns MUST? a) list the same property with another licensee in the same office b) disclose the ownership interest in any advertisement of the property c) disclose the ownership interest in any notice submitted on the listing to the MLS d) disclose in the contract of sale that the seller holds a New Jersey Real Estate license d. disclose in the contract of sale that th...

NMLS Practice Test Exam Questions And Answers (Verified And Updated) A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan D.) A lender to ensure against foreclosure - answerA.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of ...