Disclosures

The Americans with Disabilities Act of 1990 would affect which of the following?

A real estate agent declines to show a Muslim couple a house in a neighborhood because she feels the area isn’t Muslim-friendly. This is known as what?

According to HUD standards, which of the following would be an acceptable neighborhood advertisement?

What is the main purpose of Regulation Z?

Which of the following would not be considered a finance charge?

When real estate agents represent the buyer and not the seller of a piece of property, they are engaging in ____.

If you are representing both the buyer and the seller of a piece of real estate, it’s called ____.

In a ____, the real estate agent represents only the buyer or the seller of a piece of property.

____ is when an individual can be paid for brokering a real estate transaction, yet represent neither the buyer nor the seller.

Some states have ____ that require agents to disclose who they are representing to the buyers.

When the agent and the principal agree that the agent will represent the principal, it is called ____.

When the agent and the principal have not officially agreed that the agent will represent the buyer, but their actions imply this, it is called ____.

When a principal doesn’t stop an agent from going beyond his or her normal line of duties, this is called ____.

When an agreement is formed between an agent and a principal after a sale is confirmed, this is called ____.

When an agent is invested in a project outside his or her agent status, this is called ____.

When a broker is given the right to collect the commission, no matter who sells a property, this is a(n) ____.

When a homeowner reserves the right to sell his or her own property, but offers the exclusive right for only one agent, this is a(n) ____.

When a property owner wishes to use multiple agents to sell a property, this is a(n) ____.

When a broker is hired to sell a property for a minimum price, then keep anything over that price, this is a(n) ____.

____ were put in place to make sure that property buyers’ rights are protected.

The financed amount is ____.

Buyers should receive a settlement statement ____.

The annual percentage rate is ____.

On a loan with a variable interest rate, the rate is usually tied to ____.

PITI consists of ____.

What feature of a loan allows the creditor to initiate a foreclosure?

In real estate, collateral ____.

Equitable charges let the lender take ____.

An assumption policy in a loan document ____.

A borrower must receive a closing disclosure that includes the loan terms, projected monthly payments, fees, and closing costs ____.

Lenders must redisclose a loan estimate if the APR is ____.

Subsequent disclosures may be triggered by ____.

For borrowers who are refinancing, the right of rescission is ____.

Which of these does not need to be disclosed to the new borrower before a loan assumption occurs?

When must a creditor make their disclosures to a new borrower in a loan assumption?

Who can originate a loan?

What is the primary purpose of loan disclosures in residential real estate?

Another name for a creditor is ____.

Another name for a borrower is ____.

An amortization schedule ____.