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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 and will no longer participate in th...

Which describes the legally enforceable terms that govern the use of real estate? A. Residential security restrictions B. Deed restrictions C. Redlined Maps Government-sponsored deeds - B. Deed Restrictions -Deed restrictions are legally enforceable terms that govern the use of real estate. Dee...

Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Pay stub Retirement plan statement List of assets Current lease - Pay stub A client would like purchase a home within one year. The client is motivated to increase househol...

Which document should the counselor review with the client to identify spending habits and track expenses? - Bank Statement Which additional information would the housing counselor need to prepare a household budget for this client? - Net income Which item in the client's budget is a fixed expe...

What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - 50% Which is the maximum recommended housing ratio for renting an apartment? - 30% Eligibility requirements for down-payment assistance programs include which factors? - Income, ...

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 lease for a rental is typically between 20% of the monthly rent.. C. Closing costs are ...

What act came about after the assassination of MLK? - The Civil Rights Act of 1968 A client does not receive a written monthly statement from the credit card company. Which credit law could this omission violate? - Fair Credit Billing Act In which situation would a client's responsibilities, rec...

The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. - D. Homeowner...

All of the following would help a counselor develop a realistic household budget, except: A. Payment information for a paid-off car B. Amount spent on groceries C. Rent payment information D. Monthly cable bill - Answer: A Since the car is paid off, the expense does not need to be included in t...

Which document should the counselor review with the client to identify spending habits and track expenses: - Bank statement Which additional information would the housing counselor need to prepare a household budget for this client? - Net income Which item in the client's budget is a fixed expe...

Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) - Civil Rights Act of 1866 banned discrimination in the rental or sale of housing (Race, color, religion, national origin) - Fair Housing Act of 1968 added gender (sex) to the protected classes - Hou...

Which factor is best for housing counselors to use when determining how much a client can afford to spend on purchasing a home? A. Debt to-income ratios B. Annual gross income C. Savings D. Options A, B, C E. None of the above - D. Options A, B, and C A person or company that makes loans for ...