Great Choice Realtor Quiz

Great Choice Realtor Quiz

Professional Development

12 Qs

quiz-placeholder

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Great Choice Realtor Quiz

Great Choice Realtor Quiz

Assessment

Quiz

Professional Development

Professional Development

Medium

Used 79+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which homebuyers would clearly qualify under an exception to the First-Time Homebuyer rule?

A man who went through a divorce two years ago.

Widow of a Vietnam War veteran.

Someone who is buying in a census tract that qualifies for an USDA RD loan.

A firefighter and her husband.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a federally targeted area?

A census tract that qualifies for a USDA RD loan.

A state where homebuyers have access to FHA loans.

An area where you can ignore the first-time homebuyer rule.

A zip code that qualifies a homebuyer for down payment assistance.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which factor affects MRB Income Limits?

Zip code

Number of people in household

Number of children

Area code

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is an eligibility criteria for the Great Choice program?

Property Condition

MRB Income

County of Residence

City of Residence

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The Great Choice down payment assistance can be used for new construction financing.

True

False

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Acquisition Cost Limits vary by:

County

Zip Code

Household Size

Loan Type

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a single family residence?

A single residence for one family.

A 1-4 unit residence.

An owner-occupied residence.

A residence purchased by a first-time homebuyer.

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