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HUD HOUSING COUNSELOR CERTIFICATION EXAM 2024 ACTUAL EXAM COMPLETE 270 QUESTIONS WITH DETAILED VERIFIED ANSWERS BEST REVISION MATERIAL / ALREADY GRADED A+£14.27
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HUD HOUSING COUNSELOR
CERTIFICATION EXAM 2024 ACTUAL
EXAM COMPLETE 270 QUESTIONS
WITH DETAILED VERIFIED ANSWERS
BEST REVISION MATERIAL /
ALREADY GRADED A+
Which factor determines whether the client will have to
pay private mortgage insurance versus mortgage
insurance premium?
A- Size of loan
B- Credit score
C- Type of loan
D- Loan-to-value ratio - ....ANSWER...C- Type of loan
The client would like to purchase a single-family home.
Prices in the area where she would like to live are around
$450,000. She has $45,000 left from the life insurance
settlement and she has saved an additional $5,000. She
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typically saves $500 per month, but when she has
unexpected expenses she is unable to save. Because she
takes her children to school, she usually stops on her way
to work for breakfast.
A- Earned Income Tax Credit
B- Child and Dependent Care Tax Credit
C- Energy tax credit
D- Educational tax credit - ....ANSWER...B- Child and
Dependent Care Tax Credit
The client currently keeps the $45,000 remaining from the
life insurance settlement in a regular checking
account. Her goal is to use this money towards her down
payment. Which action should the housing counselor
suggest to this client?
A- Move the funds into a mutual fund
B- Move funds to a large purchase savings account with
limited accessibility
C- Leave the money in her current checking account for
easy access
D- Move funds into a long-term Certificate of Deposit -
....ANSWER...Move funds to a large purchase savings
account with limited accessibility
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The client wants to move her family to a lower-priced
rental unit to save money for a home, but is struggling with
the upfront fees required to move to a new apartment
complex. Which strategy would be most effective to help
the client secure affordable housing and cover moving
expenses quickly?
A- Submit application for a housing voucher
B- Find an individual landlord and negotiate
C- Save for the move instead of paying utilities
D- Apply for a loan to cover expenses -
....ANSWER...Find an individual landlord and negotiate
Which type of lease and tenancy best protects the tenant?
A- An oral lease with tenancy at will
B- A written lease with contractual tenancy
C- A written lease with tenancy at will
D- An oral lease with tenancy at sufferance -
....ANSWER...A written lease with contractual tenancy
The client wants to purchase a new home, but her lease
might expire before she can move into it. Which is the
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best advice for the housing counselor to provide?
A- Discuss a tenancy-at-sufferance agreement with the
current landlord
B- Stay in her current unit until the landlord evicts her
C- Find a seller who will allow her to move in before
closing
D- Contact local Public Housing Agencies -
....ANSWER...A- Discuss a tenancy-at-sufferance
agreement with the current landlord
Which tactic would be most effective for the client to
encourage a positive landlord-tenant experience during a
tenant initiated early lease termination?
A- Stop paying rent immediately
B- Request return of the security deposit
C- Leave furniture for an incoming tenant
D- Communicate well with the landlord -
....ANSWER...D- Communicate well with the landlord
Which additional information would the housing counselor
need to prepare the action plan for this client?
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