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.   Settlement service providers
B.   Fellow agents
C.   Construction contractors
D.   Referral parties
Question #2
Who's responsible for any tax reserves required to pay property taxes?
A.   The closing agent
B.   The seller
C.   The buyer
D.   The lender
Question #3
What does RESPA stand for?
A.   Real Estate Settlement Procedures Act
B.   Real Estate Seller Prohibition Act
C.   Real Estate Standard Protection Act
D.   Real Estate Society Protection Act
Question #4
Who usually pays the broker commission?
A.   The lender
B.   The title company
C.   The buyer
D.   The seller

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