California Real Estate Practice Exam

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Prepare for the California Real Estate Exam. Study with flashcards and questions featuring hints and explanations. Get exam-ready!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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FHA programs have caused the "quality" of homes to be improved because the FHA:

Grants quality home loans
Insures home loans
Requires "maximum building standards" (MBS)
None of the above

The correct answer is: Grants quality home loans

The correct answer is A. FHA programs have caused the "quality" of homes to be improved because the FHA grants quality home loans. FHA-insured loans have specific requirements that guide the quality of homes financed through these loans. By granting quality home loans, the FHA ensures that borrowers are able to secure financing for homes that meet certain standards and can be considered of higher quality. This emphasis on quality helps to improve the overall standard of housing stock and promotes homeownership for more people.