H&R Block Specialist Test || 2026/2027 Most Recent
Exam Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded
A+ For Guaranteed Success!! | Brand New Version
Primary Mortgage Market - ANSWER-Where credit
institutions originate loans
C. The maximum the rate can increase over the life of the
loan - ANSWER-When an ARM has rate caps of 5/2/6, the
6 refers to what?
A. The maximum rate increase at the initial adjustment
B. The start rate for the loan
,C. The maximum the rate can increase over the life of the
loan
D. The rate maximum the rate can decrease over the life
of the loan
B. The borrower qualified at the buydown rate - ANSWER-
When utilizing a temporary buydown to lower the interest
rate on a FHA loan, which of the following are correct
A. The borrower qualified at the note rate
B. The borrower qualified at the buydown rate
C. The rate cannot be more than 2% below the note rate
D. Seller or builder can pay the discount points to
buydown the rate
,A. Age - ANSWER-All of the following are violations of the
Fair Housing Act EXCEPT
A. Age
B. National Origin
C. Disability
D.Religion
Encrumbrance - ANSWER-Claim against property held by
one who is not the legal owner
Trigger Term - ANSWER-Advertised term that requires
additional disclosures
, Advertising Disclosure - ANSWER-An advertisement must
be presented "clearly and conspicuously" to keep from
being deceptive, unfair, or otherwise violate a Commission
rule
Waving Right of Rescission - ANSWER-Extenuating
circumstances such as "bona fide personal financial
emergency
Right of Rescission - ANSWER-Right that borrowers have
to cancel a loan or line of credit with a lender within three
days of closing
Exam Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded
A+ For Guaranteed Success!! | Brand New Version
Primary Mortgage Market - ANSWER-Where credit
institutions originate loans
C. The maximum the rate can increase over the life of the
loan - ANSWER-When an ARM has rate caps of 5/2/6, the
6 refers to what?
A. The maximum rate increase at the initial adjustment
B. The start rate for the loan
,C. The maximum the rate can increase over the life of the
loan
D. The rate maximum the rate can decrease over the life
of the loan
B. The borrower qualified at the buydown rate - ANSWER-
When utilizing a temporary buydown to lower the interest
rate on a FHA loan, which of the following are correct
A. The borrower qualified at the note rate
B. The borrower qualified at the buydown rate
C. The rate cannot be more than 2% below the note rate
D. Seller or builder can pay the discount points to
buydown the rate
,A. Age - ANSWER-All of the following are violations of the
Fair Housing Act EXCEPT
A. Age
B. National Origin
C. Disability
D.Religion
Encrumbrance - ANSWER-Claim against property held by
one who is not the legal owner
Trigger Term - ANSWER-Advertised term that requires
additional disclosures
, Advertising Disclosure - ANSWER-An advertisement must
be presented "clearly and conspicuously" to keep from
being deceptive, unfair, or otherwise violate a Commission
rule
Waving Right of Rescission - ANSWER-Extenuating
circumstances such as "bona fide personal financial
emergency
Right of Rescission - ANSWER-Right that borrowers have
to cancel a loan or line of credit with a lender within three
days of closing
