Real Estate 4 Posted on December 21, 2017April 22, 2020Author Admin 0 Welcome to your Real Estate 4. You will only be allowed to take the quiz once per day. Press "Next" to begin. What is the purpose of the VA Specially Adapted Housing grant program? To allow Veterans to remodel their home Provide money for home modifications to suit their particular disability Provide grants to homeowners to employ VeteransDisabled Veterans must choose between the VA Home Loan or the VA Specially Adapted Housing Grant. True False Depends on their disability ratingSpecially Adapted Housing Grants are available to all Veterans and their families. True FalseIf a disabled Veteran applies for and is approved for the Specially Adapted Housing Grant to apply towards modifications on home he intends to build, can he still use the VA Home Loan for any additional mortgage? Only if it is a farm residence Yes, if he meets the normal eligibility requirements for the VA Loan He must choose one or the other, but not bothFred, a service connected disabled Veteran, presently resides with his sister who is purchasing a new home. Is Fred eligible for a temporary housing grant to use on his sister's new home to make it wheelchair accessible? Yes No Yes, as long as his sister was in the NavyHow much of a VA housing grant is available when the grant will assist the Veteran with mobility throughout the home because of blindness, or loss of or loss of use of both hands? $81,080 $16,217 $35,593Adam, an honorably discharged Navy Veteran, has a VA disability rating of 10% due to hearing loss. While looking for a new home, he saw an advertisement claiming that he may be able to purchase with $0 down and $0 mortgage insurance, as well as Veteran grants up to $81,080. This ad perked his interest and he called and asked what benefits applied to him. What would be your advice? That he is eligible for everything stated in the advertisement Only the $0 down, $0 mortgage insurance benefit of the VA Loan. Grants are only available to seriously disabled VeteransThe $81,080 Specially Adapted Housing grant can used for which of the following? Construct a specially adapted home on land to be acquired Purchase a farming business Purchase land as an investmentCan a disabled Veteran apply the grant against the unpaid principal mortgage balance of an adapted home that he had already adapted without the assistance of a VA grant? Yes Definately notVeteran Real Estate Specialists educate and advertise themselves as being able to provide information and resources to disabled Veterans because it may result in which of the following? Increases interest in their services as a real estate agent Less phone calls A tax creditCan a Veteran obtain a Home Improvement & Structural Alteration (HISA) grant to help purchase a home? Yes No Only a tree houseYou discover that Fred owns Handyman Heroes LLC and wants to help Veterans do minor modifications to their homes using the HISA grant. What is the maximum amount that this grant will cover? $81,080 $6,800 $2,000Which Veteran grants would likely help a real estate agent in marketing themselves? Specially Adapted Housing (SAH) Grants Home Improvement & Structural Alteration (HISA) grants Pell GrantHintI am a VNN sales agent. Yesterday I read about Veteran grants and wish to apply what I learned to my sales calls. So, today I called businesses in the home improvement industry and asked the owner if he would be interested in helping disabled Veterans use the HISA grant for home modifications. Did I accurately apply what I learned? Not a chance It doesn't really matter You got it rightI am a real estate agent, and my interest in advertising with VNN is because I think that Veterans are more likely to call me with inquiries if I advertise myself as being able to provide information about the VA grants that can be used to purchase or build a home. Do you agree? You betcha Not a chance Real Name/Stage Name Unit Time is Up!