Multiple Choice
According to the Real Estate Settlement and Procedures Act, which of the following is illegal?
A) Examination of the HUD settlement statement the day before closing
B) Payment of kickbacks
C) Delivery of the closing statement on the day of closing
D) Disbursement of commission fees
Correct Answer:
Verified
Correct Answer:
Verified
Q25: A couple buys a house complete with
Q26: During a "dry closing" the deed is
Q27: The division of ongoing expenses and income
Q28: Choose the one most appropriate answer for
Q29: Under the provisions of RESPA payments outside
Q31: A disinterested party representing both buyer and
Q32: Choose the one most appropriate answer for
Q33: Of the following, the final action to
Q34: In prorating rents, the dollar amount is
Q35: A seller received $81,000 at the close