CRU Study Guide 2026
Everything you need to pass the CRU exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CRU Exam Format at a Glance
📚 CRU Topics to Study (21)
✍️ Sample CRU Questions & Answers
1. When calculating qualifying income for an hourly employee who works variable hours, the underwriter should:
Variable income for hourly workers should be averaged over two years to account for fluctuations in hours worked.
2. Which of the following best describes 'effective age' in a residential appraisal?
Effective age reflects how old the property appears functionally and physically, which may differ from its actual chronological age.
3. Why is payment history critical in credit scoring?
Payment history is the most crucial factor in credit scoring because it directly demonstrates a borrower's past behavior in meeting financial obligations. A consistent record of on-time payments indicates reliability and a lower risk of default. Conversely, late or missed payments signal potential repayment issues, significantly lowering a credit score.
4. Which valuation method is most appropriate for a single-family home in a market with abundant recent comparable sales?
The sales comparison approach is preferred for residential properties when sufficient market data exists because it directly reflects what buyers are willing to pay.
5. How should a professional handle a situation where they lack competence?
Referring to qualified professionals or obtaining additional training when facing competence limitations protects clients and upholds professional standards.
6. What is a key requirement under the FACT Act?
The Fair and Accurate Credit Transactions Act (FACT Act) is an amendment to the Fair Credit Reporting Act (FCRA) primarily focused on preventing and mitigating identity theft. It grants consumers the right to free annual credit reports and requires businesses to take steps to protect consumer information, such as truncating credit card numbers on receipts. This law enhances consumer protection against fraud.