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Factors That Influence Housing Selection Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. As people get older, with the kids out of the home, they're probably more likely to _____.

Question 2 2.

Which of the following might be a reason for why someone might rent an apartment?

I. They cannot afford to buy a home.

II. They have bad credit.

III. They like the flexibility.

Question 3 3.

Someone who likes lots of neighbors and the feeling of lots of people being around, despite the noise, might be more likely to want to live in which of the following?

I. Apartment

II. Single family house

III. Town home

Question 4 4. Someone who has a dog might be more likely to consider which type of home?

Question 5 5. Someone with a large income, all else equal, is probably going to _____.

Page 2

Question 6 6. What seems to be a housing preference among younger generations?

Question 7 7. What are some of the common statistics found in a housing market analysis?

Question 8 8. A housing market with a limited demand and a large offer is often known as a _____.

Question 9 9. Housing market analyses often provide _____.

Question 10 10. How did baby boomers impact the housing market when they became young adults?

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Question 11 11. Which of the following is not a type of discrimination prohibited by the Fair Housing Act of 1968?

Question 12 12. The Jones family is receiving a rent subsidy to apply against the rent they pay for an apartment. Which housing program are they most likely participating in?

Question 13 13. Martha has received a reasonable cause determination from HUD, and wants to go to federal court. Who will commence the litigation for her?

Question 14 14. The Smith family is helping to build a house with a nonprofit which received a grant from HUD to fund the project. After construction is finished, the Smith family will purchase the property at a subsidized price. Which of the following HUD programs is the most likely source of the funding?

Question 15 15. When was HUD established by Congress?

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Question 16 16. What must the tenant pay in a gross lease?

Question 17 17. Tim owns a toy store and is leasing space in a strip mall. He has to pay rent, real estate tax and insurance. What type of lease does Tim have?

Question 18 18. Jim's business 'Java and Scones' leases space at a retail mall. The company that manages the mall requires him to pay base rent as well as a portion of his sales revenue. Based on the information provided, what type of lease is this?

Question 19 19. A ____ is implied in most residential leases.

Question 20 20. What law requires that a lease with a duration of more than one year be in writing and signed by the landlord and tenant?

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Question 21 21. Which of the following legal instrument is referenced in a mortgage?

Question 22 22. A ____ is a provision in a mortgage that allows the lender to require the borrower pay off the outstanding loan balance if a certain event occurs.

Question 23 23. Which of the following laws requires that a mortgage be in writing and be signed by the mortgagor?

Question 24 24. Donald is required to include money for payment of insurance and property taxes with his home loan payment. What provision requires this?

Question 25 25. Which of the following is not an essential term of a mortgage?

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Question 26 26. Which type of housing is lived in by members of a legal entity?

Question 27 27. Which of the following is suitable for those that want to purchase a home but don't want to maintain the landscaping or the roof?

Question 28 28. Single-family homes are best suited for who?

Question 29 29. Which of the following is a house built in a factory?

Question 30 30. In which of the following types of housing will you be most likely to share a wall with at least one neighbor?

Factors That Influence Housing Selection Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

FTCE Family & Consumer Science 6-12 (052): Practice & Study Guide  /  Social Science Courses
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