Which of the following is a prohibited practice as defined by RESPA requirements?
A) A listing broker splits the real estate commission with a selling broker
B) A lender refuses to accept an insurance company for coverage even though requested by the borrower
C) A seller requires the use of a specific title company as a condition of the sale
D) A selling broker provides the buyer/borrower with assistance in obtaining a loan in return for a fee
Correct Answer:
Verified
Q1: RESPA requires disclosure of estimated closing costs
Q2: A mortgagee's title policy protects which of
Q4: In closing a real estate transaction, instructions
Q5: After initial closing deposits have been made,
Q6: The Truth-in-Lending Act allows certain transactions to
Q7: The underlying purpose of RESPA requirements is
Q8: Real estate settlement procedures for residential loans,
Q9: The variance 3/7/3 Rule requires a seven
Q10: All of the following charges involved with
Q11: In a settlement procedure, prepaid interest is
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