Hud housing Study guides, Class notes & Summaries

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bus...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

HUD Housing Counselor Certification Practice Exam With 100% Correct Answers 2024

HUD ACTUAL EXAM 2024/HUD HOUSING COUNSELOR CERTIFICATION FINAL EXAM/150 QUESTIONS AND CORRECT ANSWERS (GRADED A+) LATEST

What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - Answer- 50% Which is the maximum recommended housing ratio for renting an apartment? - Answer- 30% Eligibility requirements for down-payment assistance programs include which factors? - Answer- Income, home-buyer education, purchase price The client is considering an FHA mortgage. What is the upfront mortgage insurance premium (UFMIP) for an FHA mortgage? - Answer- 1.7...

NJ Lead Inspector/Risk Assessor Final Exam Questions with Correct Answers Graded A+ What percentage of lead is in drinking water for children? -Answer 20% What does Title X focus on? -Answer Focuses attention on source of lead that could poison children. What areas in the waterline produce high lead levels in water? -Answer Poorly Soldered joints where brass fittings are. With inspecting water what is the most causes for corrosive towards lead? -Answer Hot, Acidic and soft water W...

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 - Correct Answer 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 - Correct Answer Net Income Which item in the client's budget is a fixed expense? A. Food ...

HECM Test Study Guide A Counseling Agency's failure to follow all basic requirements required by HUD could result in which of the following: A. Termination of agency's HUD approval B. Suspension of agency's HUD approval C. Forfeiture of remaining federal grant funds D. Fines and or imprisonment E. a , b , and c F. all of the above - E. Termination of agency's HUD approval Suspension of agency's HUD approval Forfeiture of remaining federal grant funds T/F A counseling agenc...

HUD /HUD HOUSING COUNSELOR CERTIFICATION PRACTICE EXAM ACTUAL EXAM 130 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

HUD Housing Counseling Exam Questions and Answers (Graded A)HUD Housing Counseling Exam Questions and Answers (Graded A)HUD Housing Counseling Exam Questions and Answers (Graded A) Civil Rights Act of 1866 - ANSWER-Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Fair Housing Act of 1968 - ANSWER-banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Housing and Community Development Act of 1974 ...