During the pre-qualification process, the income-to-housing ratio compares gross monthly income to the estimated monthly expense. Under the real estate agent's rule of thumb, housing expenses should not exceed:
A. 50% of income
B. 40% of income
C. 33% of income
D. 25% of income
B
You might also like to view...
The Fair Labor Standards Act ___________________.?
A. ?sets standards regarding who can be hired by employers B. ?sets minimum wage and overtime pay requirements C. ?identifies standards regarding unions D. ?establishes fairness standards regarding how employers must treat employees E. ?none of the above
The survivorship feature of a joint tenancy with right of survivorship can be terminated by the parties.
Answer the following statement true (T) or false (F)
Which term refers to cases or laws that appear in more than one location?
a. Pin-point citation b. Jump cites c. Parallel citation d. None of the above
A savings bank may make only commercial loans.
Answer the following statement true (T) or false (F)