Hud practice test with - Study guides, Class notes & Summaries

Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. Fcebook Live - CORRECT ANSWER Video streaming through facebook. CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages,...

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...

Hud Final Practice Test With Correct Answers 2024 Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - CORRECT ANSWER-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? - CORRECT ANSWER-Find a second job A credit report may cont...

Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? - correct answer 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? - correct answer Find a second job A credit report may contain which information? - correct answer The number of a...

MLO Practice Test Questions and Answers | Latest Update | 2024/2025 | Already Passed A borrower is applying for a loan on a single-family residence. His income is $21.50 per hour and he works 40 hours a week. He is paid semi-monthly. The loan. Originator has calculated the principal and interest Houston payment at $755 per month and the monthly escrow payment is $135. The current monthly debts are a car payment for $289, a credit card for $49, a cell phone bill for $63 and utilities o...

HECM Test Practice Questions |Questions with 100% Correct Answers | Updated & Verified 2024 The HECM Saver was introduced as an option to lower the upfront cost of a HECM by reducing the upfront mortgage insurance premium to: a. 0. b. 0.01% of the Maximum Claim Amount. c. 1% of the Maximum Claim Amount. d. 1.25% of the Maximum Claim Amount. - answerb If repairs are required but can be completed after closing, the lender will create a repair set-aside in the amount of: a. 15% of the ma...

NMLS PRACTICE QUESTIONS WITH SOLUTIONS LATEST UPDATED 2024 which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? FEDERAL RESERVE SYSTEM the clause in a mortgage that allows the lender to foreclose if the borrower defaults is the Acceleration Clause at closing a borrower may deposit funds to establish reserves for which of the following? TAXES AND INSURANCE in a qualification of an applicant who...

Prepxl practice test 2: Questions and answers, rated A+ Under RESPA, the servicer may require a borrower to pay into an escrow account to cover disbursements that are unanticipated or disbursements made before the borrower's monthly payments are available in the account, a cushion or reserve that must be no greater than _____ of the estimated total annual disbursements from the escrow account. - One half - One third - One sixth - One twelfth - -One sixth. Under RESPA, a lender ma...

HUD Practice Test and Correct Answers | Latest Version | 2024/2025 | Already Passed **Question:** What document is crucial when helping a client develop an initial budget as part of a Client Action Plan? **Answer:** The pay stub is the most important document when working with a client to develop an initial budget. **Question:** A client aims to buy a home within a year and wants to increase household income for a down payment. What is the best solution for the client? **Answ...

NMLS PRACTICE QUESTIONS WITH ALL CORRECT ANSWERS.docx which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? - Answer-FEDERAL RESERVE SYSTEM the clause in a mortgage that allows the lender to foreclose if the borrower defaults is the - Answer-Acceleration Clause at closing a borrower may deposit funds to establish reserves for which of the following? - Answer-TAXES AND INSURANCE in a qualification of an applica...