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 Housing and Urban Development
B.   Department of the Interior
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.   Landlord and tenant law
B.   Short sales
C.   Tiny home trends
D.   FHA financing requirements
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.   The "My Neighborhood, Not Yours" buyer requirement lists
B.   The "This Land is My Land" program
C.   Housing discrimination laws
D.   Community development block grant options for locating suitable buyers
Question #4
HUD’s second goal in support of its mission is to meet the need for ______ homes.
A.   Quality affordable rental
B.   Luxury
C.   Urban-centric, amenity-filled
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.   Strengthen the housing market to bolster the economy and protect consumers.
B.   Build strong, resilient, and inclusive communities.
C.   Meet the need for quality affordable rental homes.
D.   Use housing as a platform for improving quality of life.
Question #6
Natalie is a licensee who assists buyers in the purchase of HUD ______ when they’re listed for sale.
A.   Homes for low-income buyers
B.   FHA loans
C.   Housing choice vouchers
D.   Repossessed homes
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 promote home buying as an investment
B.   To strengthen the housing market
C.   To encourage increased rates of home construction
D.   To create a non-profit system of home financing
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.   Build strong, resilient, and inclusive communities.
C.   Use housing as a platform for improving quality of life.
D.   Strengthen the housing market to bolster the economy and protect consumers.

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