HUD Certification Exam with complete
solution 2023
Deed Restrictions - correct answer Legally enforceable terms that govern the use of real
estate
Redlining - correct answer The practice of refusing to make residential loans or
imposing more onerous terms on any loans made because of the predominant race,
color, national origin, religion, sex, disability, or familial status of the area's residents.
Civil Rights Act of 1968 - correct answer Following the assassination of Dr. Martin
Luther King Jr., Congress passed what monumental piece of legislation, which prohibits
discrimination in housing sales, rentals, and financing based on race, color, national
origin, religion, sex, disability and familial status?
7 - correct answer The Fair Housing Act, as amended, protects how many
characteristics?
Reasonable Modification - correct answer A property manager of an apartment complex
that receives federal financial assistance installs a ramp so that a tenant in a wheelchair
can easily access her first-floor apartment.
Reasonable Accommodation - correct answer Housing provider has a policy of requiring
tenants to come to the rental office to pay their rent. A tenant with a mental disability,
who is afraid to leave her unit, is allowed to mail her rent payment.
True - correct answer The Fair Housing Act does not prohibit a lender from showing
potential clients information about different loans.
Fair Housing Assistance Program (FHAP) - correct answer Provides annual funding to
state and local agencies that enforce fair housing laws that are substantially equivalent
to the Fair Housing Act. These funds go towards an agency's capacity building,
administrative costs, investigative and enforcement efforts, training and other projects
designed to support enforcement of fair housing law.
Fair Housing Initiatives Program (FHIP) - correct answer Provides funding to fair
housing organizations and nonprofits that assist people who may have been victims of
housing discrimination.
Marketing Analysis - correct answer Aim is to identify groups of people who would
benefit most if targeted by the campaign, the characteristics of these people, and their
expectations.
, Networking Event - correct answer The opportunity to increase awareness of the plans
and actions of housing industry members, private organizations and foundations, public
housing agencies, neighborhood groups, regional organizations, and others to further
fair housing objectives.
Personal Information - correct answer The section of the credit report that contains
employer details.
Account Information - correct answer The section of a credit report that contains
information about a student loan.
Public Records - correct answer The section of the credit report that contains court
information such as a bankruptcy.
Inquiries - correct answer The section of the credit report that will show recent attempts
to open a credit card.
Consumer Rights - correct answer The section of the credit report that contains
information about how to correct inaccuracies.
Account History - correct answer Credit: Payment history of accounts, including late
payments, delinquencies, judgments, and liens.
Amounts Owed - correct answer Credit: Ratio of total credit extended to the amount of
credit owed.
Length of Credit History - correct answer Credit: Overall length of credit history in the
report as well as the average age of accounts.
Types of Credit - correct answer Credit: Variety of accounts (e.g. credit card, auto loan,
mortgage)
New Credit - correct answer Credit: Number of recent credit inquiries, as well as new
credit accounts.
AnnualCreditReport.com - correct answer Where does a client go to get a free credit
report?
Fair Credit Reporting Act (FCRA) - correct answer You have the right to dispute
information in your credit file that is incomplete, inaccurate, or unverifiable.
Fair and Accurate Credit Transactions Act (FACTA) - correct answer You have the right
to a free annual credit report.
Fair and Accurate Credit Transactions Act (FACTA) - correct answer You have the right
to place a fraud alert on your credit file.
solution 2023
Deed Restrictions - correct answer Legally enforceable terms that govern the use of real
estate
Redlining - correct answer The practice of refusing to make residential loans or
imposing more onerous terms on any loans made because of the predominant race,
color, national origin, religion, sex, disability, or familial status of the area's residents.
Civil Rights Act of 1968 - correct answer Following the assassination of Dr. Martin
Luther King Jr., Congress passed what monumental piece of legislation, which prohibits
discrimination in housing sales, rentals, and financing based on race, color, national
origin, religion, sex, disability and familial status?
7 - correct answer The Fair Housing Act, as amended, protects how many
characteristics?
Reasonable Modification - correct answer A property manager of an apartment complex
that receives federal financial assistance installs a ramp so that a tenant in a wheelchair
can easily access her first-floor apartment.
Reasonable Accommodation - correct answer Housing provider has a policy of requiring
tenants to come to the rental office to pay their rent. A tenant with a mental disability,
who is afraid to leave her unit, is allowed to mail her rent payment.
True - correct answer The Fair Housing Act does not prohibit a lender from showing
potential clients information about different loans.
Fair Housing Assistance Program (FHAP) - correct answer Provides annual funding to
state and local agencies that enforce fair housing laws that are substantially equivalent
to the Fair Housing Act. These funds go towards an agency's capacity building,
administrative costs, investigative and enforcement efforts, training and other projects
designed to support enforcement of fair housing law.
Fair Housing Initiatives Program (FHIP) - correct answer Provides funding to fair
housing organizations and nonprofits that assist people who may have been victims of
housing discrimination.
Marketing Analysis - correct answer Aim is to identify groups of people who would
benefit most if targeted by the campaign, the characteristics of these people, and their
expectations.
, Networking Event - correct answer The opportunity to increase awareness of the plans
and actions of housing industry members, private organizations and foundations, public
housing agencies, neighborhood groups, regional organizations, and others to further
fair housing objectives.
Personal Information - correct answer The section of the credit report that contains
employer details.
Account Information - correct answer The section of a credit report that contains
information about a student loan.
Public Records - correct answer The section of the credit report that contains court
information such as a bankruptcy.
Inquiries - correct answer The section of the credit report that will show recent attempts
to open a credit card.
Consumer Rights - correct answer The section of the credit report that contains
information about how to correct inaccuracies.
Account History - correct answer Credit: Payment history of accounts, including late
payments, delinquencies, judgments, and liens.
Amounts Owed - correct answer Credit: Ratio of total credit extended to the amount of
credit owed.
Length of Credit History - correct answer Credit: Overall length of credit history in the
report as well as the average age of accounts.
Types of Credit - correct answer Credit: Variety of accounts (e.g. credit card, auto loan,
mortgage)
New Credit - correct answer Credit: Number of recent credit inquiries, as well as new
credit accounts.
AnnualCreditReport.com - correct answer Where does a client go to get a free credit
report?
Fair Credit Reporting Act (FCRA) - correct answer You have the right to dispute
information in your credit file that is incomplete, inaccurate, or unverifiable.
Fair and Accurate Credit Transactions Act (FACTA) - correct answer You have the right
to a free annual credit report.
Fair and Accurate Credit Transactions Act (FACTA) - correct answer You have the right
to place a fraud alert on your credit file.
