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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