Hud test 1 Study guides, Class notes & Summaries
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Champions real estate finance Exam Questions with Verified Answers
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mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors 
 
Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing 
 
Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk 
 
Origination - Answer- The process of creating a new mortgage loan 
 
U...
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NMLS SAFE ACT MLO Exam - Federal Law Final Review Test 2024.
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NMLS SAFE ACT MLO Exam - Federal Law Final Review Test 2024. 
If a borrow is on the DO NOT CALL LIST and makes an inquiry about doing business with you in regards to a loan, when does right to contact them expire? 
 
A. 1 month 
B. 2 months 
C. 3 months 
D. 4 months - correct answer C. 3 months 
 
An established business relationship with a company also will be created if you make an inquiry to the company, or submit an application to it. This kind of established business relationship exists for...
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Real Estate NJ Test with Questions and Correct Answers| Graded to Pass
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A home is being purchased for $275,000. The buyer agrees to an 80% loan with the seller paying $5,000 of the buyer's closing costs. What amount will the ... - $55,000 
 
A national company desires a parcel of land which must be four times the size of its proposed building. If the building design includes 20,000 square feet .... - B) 2 acres 
 
A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the .... Acco...
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HECM Test Exam Questions And Revised Correct Answers 2024
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HECM Test Exam Questions And Revised Correct 
Answers 2024 
A borrower got her HECM loan many years ago when the lending limit for her county 
was $600,000. Her home is appraised for $800,000. What is the most her repayment of 
the loan could be? 
A. $600,000 
B. $800,000 
C. 75% of appraised value 
D. Net proceeds from selling the home - ANSWERS D 
A borrower has a $200,000 home value. What is the likely upfront cost added to the 
loan balance at closing? (Revisit. Where is the formula?) 
A...
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EPA Lead Risk Assessor Exam Study Guide Latest Update_2024/25 with Complete Solution
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Environmental Protection Agency (EPA) Lead Risk Assessor Exam Study Guide / HUD Guidelines - Answer- What Federal document serves as an overall guideline for performing inspections, risk assessments, and abatement activities? chelation therapy - Answer- A child may be treated for lead poisoning by using... Identify LBP hazards - Answer- The purpose of a lead risk assessment is to? Elevated Blood Level - Answer- What does EBL mean? Ingestion of lead dust - Answer- How does lead primarily enter ch...
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EPA Lead Inspector Exam Questions and Answers 2024/2025 (Solved 100%)
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EPA Lead Inspector Exam Questions and Answers 2024/2025 (Solved 100%) Permanent abatement options include... - ANSWER-Paint removal, component 
removal, enclosure, encapsulation 
What agencies focus on childhood lead poisoning prevention? - ANSWER-CDPH, HUD, 
EPA 
What is the CAL OSHA Standard for lead? - ANSWER-Title 8 CCR 1532.1 
What is the Guidelines for the Evaluation and Control of Lead Based Paint Hazards in 
Housing? - ANSWER-1995 HUD Guidelines 
When was the revision to Chapter 7 of the...
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HECM Test Exam Questions And Revised Correct Answers 2024
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HECM Test Exam Questions And Revised Correct 
Answers 2024 
A borrower got her HECM loan many years ago when the lending limit for her county 
was $600,000. Her home is appraised for $800,000. What is the most her repayment of 
the loan could be? 
A. $600,000 
B. $800,000 
C. 75% of appraised value 
D. Net proceeds from selling the home - ANSWERS D 
A borrower has a $200,000 home value. What is the likely upfront cost added to the 
loan balance at closing? (Revisit. Where is the formula?) 
A...
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Lead Inspector / Assessor Course Exam Questions And Answers 2024/2025 (100% Solved)
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Lead Inspector / Assessor Course Exam Questions And Answers 2024/2025 (100% Solved) Permanent abatement options include... - Correct Answer-Paint removal, component 
removal, enclosure, encapsulation 
What agencies focus on childhood lead poisoning prevention? - Correct Answer-CDPH, 
HUD, EPA 
What is the CAL OSHA Standard for lead? - Correct Answer-Title 8 CCR 1532.1 
What is the Guidelines for the Evaluation and Control of Lead Based Paint Hazards in 
Housing? - Correct Answer-1995 HUD Guideli...
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Lead Inspector / Assessor Course Exam Questions And Answers 2024-2025 (100% Solved)
- Exam (elaborations) • 25 pages • 2024
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Lead Inspector / Assessor Course Exam Questions And Answers (100% Solved) What agencies focus on childhood lead poisoning prevention? - Correct Answer-CDPH, 
HUD, EPA 
What is the CAL OSHA Standard for lead? - Correct Answer-Title 8 CCR 1532.1 
What is the Guidelines for the Evaluation and Control of Lead Based Paint Hazards in 
Housing? - Correct Answer-1995 HUD Guidelines 
When was the revision to Chapter 7 of the Guidelines for the Evaluation and Control of 
Lead Based Paint Hazards in Housi...
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EPA MODEL LEAD BASED PAINT RISK ASSESSOR| 373 QUESTIONS AND ANSWERS.
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1978 
When did they reduce to Lead Levels in consumer products 
 
 
 
The underside of a horizontal surface which projects beyond a wall line, such as an overhanging roof. 
What is a soffit? 
 
 
 
False 
T/F: The risk assessor should be involved in the process of selecting a contractor. 
 
 
 
1. There are big cracks in the walls. 
2. Ceiling is leaking in the bathroom and the kitchen. 
3. The window wells are in disrepair- and contain paint chips. 
4. Right across the street there's a battery...
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