45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 16 Unit 1 Exam
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Question #1
RESPA prohibits kickbacks between which parties?
A.
Fellow agents
B.
Settlement service providers
C.
Referral parties
D.
Construction contractors
Question #2
Who's responsible for any tax reserves required to pay property taxes?
A.
The closing agent
B.
The lender
C.
The seller
D.
The buyer
Question #3
What does RESPA stand for?
A.
Real Estate Standard Protection Act
B.
Real Estate Settlement Procedures Act
C.
Real Estate Society Protection Act
D.
Real Estate Seller Prohibition Act
Question #4
Who usually pays the broker commission?
A.
The title company
B.
The buyer
C.
The lender
D.
The seller
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