Hud housing - Guías de estudio, Notas de estudios & Resúmenes

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...

Big 3 Housing Laws - correct answer -US Housing Act of 1937 -Brooke Amendment 1969/1970 -Qualified Housing and Work Responsibility Act of 1998 (QHWRA) Robert Weaver - correct answer HUD Secretary First African American to serve on a cabinet HUD - correct answer US Department of Housing and Urban Development AMP - correct answer Asset Management Project Ethics - correct answer The rules or standards governing the conduct of a person or the members of a profession acting with th...

Steven put down $10,000 toward a property's purchase price, financed the rest, and now has a cash flow of $2,800 after repairs and debt service. What's his ROI? a 21% b 26% c 28% d 32% - c 28% Return on investment or ROI = cash flow ÷ cash investment. $2,800 ÷ $10,000 = 28%. What's a legal agreement or promise made between two parties? a. A consideration b. A covenant c. A handshake d. A negotiation - b. A covenant A legal agreement or promise made between two parties is a covena...

HUD HOUSING COUNSELOR CERTIFICATION EXAM 2024 ACTUAL EXAM COMPLETE 270 QUESTIONS WITH DETAILED VERIFIED ANSWERS BEST REVISION MATERIAL / ALREADY GRADED A+

HUD Housing Counseling Exam/ 357 Quizzes & Correct Ans. Rental Obstacle + Solutions: Low Income - Answer: -Some Renters reject people whose Rent would be more than 30% of GMI -Solutions -Apply for Housing Assistance -Expand housing search areas -Get a roommate -Move in w/family or friends Strategies for decreasing expenses and debt - Answer: Prioritize "needs over "wants" -reduce or eliminate "wants" -cancel or downgrade services(e.g. cable, telephone) -limit misce...

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

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...

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...

HUD Housing Counseling Exam/ 251 Q&A/ A+ Score Solution 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 - Answer: added gender (sex) to the protected classes Fair Housing Amendments Act of 1988 - Answer: Added Disability and ...

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