Modern Real Estate Practice 19th Edition Unit 17 Study Guide True/False
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At closing, the seller delivers _____ to the property.
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MARKETABLE TITLE
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Under the _____ the timeliness of certain disclosures affects the date of closings.
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MORTGAGE DISCLOSURE IMPROVEMENT ACT
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the ____that provides information on settlement costs must be provided to all real estate loan applicants, if the loan is regulated by RESPA.
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SETTLEMENT COST BOOKLET
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Borrowers have the right to inspect the completed _____ form one business day before closing.
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HUD-1
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____rules prohibit paying or receiving kickbacks.
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RESPA's
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Shortly before the closing, the buyer will usually conduct a final inspection of the property, often called a _____.
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WALKTHROUGH
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While the particulars of closing in escrow vary from state the state, the escrow agent may be an _____.
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ATTORNEY, TITLE COMPANY, TRUST COMPANY ESCROW COMPANY LENDERS ESCROW
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When closing is escrow, the buyer will deposit proof of new _____ with the escrow agent.
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HAZARD INSURANCE
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____applies to all federally related loans, including those administered by HUD.
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RESPA
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Real estate professionals are not exempt from ____ governing controlled business arrangements and referrals.
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RESPA RULES
