Hud practice Study guides, Class notes & Summaries

HUD PRACTICE EXAM

(2023/2024) HUD Practice Exam Questions and Answers (Verified Answers)

HUD Practice Exam Question answers 100% correct 2024What act came about after the assassination of MLK? - correct answer 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? - correct answer Fair Credit Billing Act In which situation would a client's responsibilities, recurring costs, and upfront costs be evaluated? - correct answer When weighing housing options A client work...

colibri real estate practice questions and answers 100% correct Which of the following would be an example of a licensee specializing in business type? - Answer- Jim specializes in clients who want to buy restaurants. Which of the following statements is not true? - Answer- A broker is not responsible for the acts of independent contractors. Which of these statements is true? - Answer- Salespersons must perform all of their activities on behalf of their employing broker. Which of the fol...

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HUD Practice Test and Correct Answers Already Rated A Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Pay Stub A client would like to purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? Find a second job A credit report may contain which information? The num...

HUD Practice Exam Verified Answers Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? List of Assets Retirement plan statement Pay stub X Current lease A client would like purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? A credit report may contain w...

HUD Practice Exam |Question and Answer| 100% Correct Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? *Ans* List of Assets Retirement plan statement Pay stub X Current lease A client would like purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? *Ans* A cr...

What act came about after the assassination of MLK? - Answer- 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? - Answer- Fair Credit Billing Act In which situation would a client's responsibilities, recurring costs, and upfront costs be evaluated? - Answer- When weighing housing options A client works 40 hours a week making $15 an hour. What is the highest monthly mortgage the ...