CRU Final Exam Test Questions And Answers
If asbestos fibers are determined to be "friable," the optimal correction of the hazard is:
- Answer Total removal from the property
Which of the following are true? A lender can determine foundation problems through: -
Answer - A contract provision in the purchase agreement
- Appraiser's comments about visible foundation observations
What are the two major issues that can affect a residential mortgage decision in
properties with excess land? Answer - Subject property is zoned as residential - not
commercial or far
- The value of the land does not exceed the value of the improvement
3.4B) One of the effects of mold on a property is deterioration of the surface where the
mold is growing. Answer true
One effect of mold on a property is deterioration of the surface on which the mold is
growing. - Answer True
Select all that apply. By what following can radon move into the house? - Answer - Install
a sub-slab depressurization system
- Employ mechanical barriers against soil gas entry
- Reduce the stack effect
- Install air distribution systems
2.3B) If an infestation of termites or damage is apparent, it must be reported in the
Improvements section of the URAR. - True
, Check all that apply. Which of the following are eligibility requirements for mixed-use
loans purchased by Freddie Mac? - The property is in a residential neighborhood and
must be primarily residential in nature.
- The property is a one-unit primary residence.
- The borrower must also be the owner and operating the business when the subject has
a commercial use.
1.4A) As an underwriter reviews an appraisal for a unique property, the appraiser
should be able to do which of the following: - Select Verify market acceptance
External obsolescence is not normally curable - Select True
Which of the following does the underwriter need to complete as resolution steps
regarding a detrimental condition? -
3.1B) When there is a private well serving the subject for water in general, a lender will
commonly require _______. A well-water indemnification that protects the lender
2.1A) An appraiser makes a note that there is minor water damage around the exterior
of two windows. Also noted is that the property exterior is listed as synthetic EIFS. What,
if any, conditions are necessary prior to closing? - Answer Satisfactory home inspection
by a qualified moisture intrusion expert using EIFS testing guidelines
3.3B) Lead is most harmful to: - Answer Children
1.1 B) An encroachment is real property that extends onto adjacent land owned by
someone else. - True
2.4A) Select all that apply. Over 1,500 homes a year will be lost to coastal erosion. The
areas most affected are: - The Atlantic Coast
- The Gulf Coast
If asbestos fibers are determined to be "friable," the optimal correction of the hazard is:
- Answer Total removal from the property
Which of the following are true? A lender can determine foundation problems through: -
Answer - A contract provision in the purchase agreement
- Appraiser's comments about visible foundation observations
What are the two major issues that can affect a residential mortgage decision in
properties with excess land? Answer - Subject property is zoned as residential - not
commercial or far
- The value of the land does not exceed the value of the improvement
3.4B) One of the effects of mold on a property is deterioration of the surface where the
mold is growing. Answer true
One effect of mold on a property is deterioration of the surface on which the mold is
growing. - Answer True
Select all that apply. By what following can radon move into the house? - Answer - Install
a sub-slab depressurization system
- Employ mechanical barriers against soil gas entry
- Reduce the stack effect
- Install air distribution systems
2.3B) If an infestation of termites or damage is apparent, it must be reported in the
Improvements section of the URAR. - True
, Check all that apply. Which of the following are eligibility requirements for mixed-use
loans purchased by Freddie Mac? - The property is in a residential neighborhood and
must be primarily residential in nature.
- The property is a one-unit primary residence.
- The borrower must also be the owner and operating the business when the subject has
a commercial use.
1.4A) As an underwriter reviews an appraisal for a unique property, the appraiser
should be able to do which of the following: - Select Verify market acceptance
External obsolescence is not normally curable - Select True
Which of the following does the underwriter need to complete as resolution steps
regarding a detrimental condition? -
3.1B) When there is a private well serving the subject for water in general, a lender will
commonly require _______. A well-water indemnification that protects the lender
2.1A) An appraiser makes a note that there is minor water damage around the exterior
of two windows. Also noted is that the property exterior is listed as synthetic EIFS. What,
if any, conditions are necessary prior to closing? - Answer Satisfactory home inspection
by a qualified moisture intrusion expert using EIFS testing guidelines
3.3B) Lead is most harmful to: - Answer Children
1.1 B) An encroachment is real property that extends onto adjacent land owned by
someone else. - True
2.4A) Select all that apply. Over 1,500 homes a year will be lost to coastal erosion. The
areas most affected are: - The Atlantic Coast
- The Gulf Coast
