The federal law that regulates the activities of real estate professionals in the preparation and conduct of a closing is the:
A) Federal Truth in Lending Law.
B) Deceptive Trade Practices Act.
C) Statute of Frauds.
D) Real Estate Settlement Procedures Act.
Correct Answer:
Verified
Q3: Under RESPA, escrow accounts for borrowers must
Q4: In determining the boundaries and encroachments on
Q5: A title that is reasonably free from
Q6: In an owner's title policy, the premium(s)
Q7: The owner's title policy is a contract
Q9: The deposit of money, documents, or other
Q10: Closing procedures:
A) are set by state law.
B)
Q11: The closing agent may be:
A) an attorney.
B)
Q12: RESPA applies to:
A) commercial real estate.
B) first
Q13: Under RESPA, which of the following acts
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