CA Real Estate Finance Course » 2021 » Sec 4 Unit 1 Exam

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Question #1
The U.S. ______ is the federal agency with the mission to create strong, sustainable, inclusive communities and quality affordable homes for all.
A.   Department of the Interior
B.   Department of Housing and Urban Development
C.   Department of Homeland Security
D.   Agency for Housing and Inclusive Communities
Question #2
Licensees who stay current with ______ can better serve low- to moderate-income clients looking to purchase.
A.   FHA financing requirements
B.   Short sales
C.   Tiny home trends
D.   Landlord and tenant law
Question #3
Fred and Wilma are listing their home for sale with Carl, a licensee. They tell Carl that they’re not interested in selling to people who won’t “fit in with the neighborhood.” Carl advises them about ______ that are developed and enforced within HUD.
A.   Community development block grant options for locating suitable buyers
B.   The "My Neighborhood, Not Yours" buyer requirement lists
C.   The "This Land is My Land" program
D.   Housing discrimination laws
Question #4
HUD’s second goal in support of its mission is to meet the need for ______ homes.
A.   Quality affordable rental
B.   Urban-centric, amenity-filled
C.   Luxury
D.   Mixed-use apartment
Question #5
When HUD pursues actions that are designed to restore the financial health of the Federal Housing Administration, which of its goals is it supporting?
A.   Use housing as a platform for improving quality of life.
B.   Meet the need for quality affordable rental homes.
C.   Build strong, resilient, and inclusive communities.
D.   Strengthen the housing market to bolster the economy and protect consumers.
Question #6
Natalie is a licensee who assists buyers in the purchase of HUD ______ when they’re listed for sale.
A.   Repossessed homes
B.   FHA loans
C.   Homes for low-income buyers
D.   Housing choice vouchers
Question #7
One of HUD’s goals reflects a response to financial issues experienced in the housing market during the 2007 economic crisis. The goal is ______ to bolster the economy and protect consumers.
A.   To create a non-profit system of home financing
B.   To encourage increased rates of home construction
C.   To promote home buying as an investment
D.   To strengthen the housing market
Question #8
When HUD pursues actions that are designed to end homelessness and promote the health and housing stability of vulnerable populations, which of its goals is it supporting?
A.   Meet the need for quality affordable rental homes.
B.   Use housing as a platform for improving quality of life.
C.   Strengthen the housing market to bolster the economy and protect consumers.
D.   Build strong, resilient, and inclusive communities.

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