Modern Real Estate Practice 19th Edition Unit 17 Study Guide True/False

MARKETABLE TITLE
At closing, the seller delivers _____ to the property.

MORTGAGE DISCLOSURE IMPROVEMENT ACT
Under the _____ the timeliness of certain disclosures affects the date of closings.

SETTLEMENT COST BOOKLET
the ____that provides information on settlement costs must be provided to all real estate loan applicants, if the loan is regulated by RESPA.

HUD-1
Borrowers have the right to inspect the completed _____ form one business day before closing.

RESPA’s
____rules prohibit paying or receiving kickbacks.

WALKTHROUGH
Shortly before the closing, the buyer will usually conduct a final inspection of the property, often called a _____.

ATTORNEY, TITLE COMPANY, TRUST COMPANY ESCROW COMPANY LENDERS ESCROW
While the particulars of closing in escrow vary from state the state, the escrow agent may be an _____.

HAZARD INSURANCE
When closing is escrow, the buyer will deposit proof of new _____ with the escrow agent.

RESPA
____applies to all federally related loans, including those administered by HUD.

RESPA RULES
Real estate professionals are not exempt from ____ governing controlled business arrangements and referrals.

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