Final Exam wra test prep
What does Regulation Z require a lender to disclose to a consumer? - correct
answer The amount of interest paid over the life of the loan.
A property protected under the wb-36 buyer agency agreement extension of
agreement term is protected for how long after the expiration of the contract? -
correct answer One year
A seller counters a buyers offer. the buyer rejects the sellers counter offer and the
original period for binding acceptance has NOT expired. The seller accepts and
delivers the original offer to the buyer. At this point; - correct answer A sales
contract does not exist
which of the following is not true regarding a licensee who associates with a new
firm? - correct answer The licensee cannot provide real estate services for the
new firm until at least 30 days have passed since the transfer was mailed.
which of the following real estate licensee is not required to ensure compliance with
the federal LBD disclosure law? - correct answer A buyers firm paid by the buyer
The existing firms in town have decided not to work with a new firm that charges
less commission this is likely ; - correct answer a group boycott
How long does the licensee have to notify the DSPS of a misdemeanor conviction? -
correct answer 48 hours
Rental property is sold to a new owner. Tenants remain under a written lease. The
new owner wants to raise the rent. When can the owner raise the rent ? - correct
answer When the lease with the current tenants expire
If a buyer wishes to give Notice of Defects, the buyer must provide - correct answer
A copy of the home inspectors report with the notice of defects.
