SALESPERSON ONLINE COMPUTRAINER
Master Exam #3
Question 149 of 150
Question: The provisions of the Real Estate Settlement Procedures Act (RESPA) apply only to transactions involving certain types of property. Of the following, which types of property must comply with RESPA:
A: Homes and residential dwellings only;
B: Urban real estate only;
C: Condominiums and other common interest subdivisions;
D: One-to-four family residential dwellings.
Correct Answer is : D
RESPA requirements apply to loans which are for the purpose of acquiring title to one-to-four family residential dwellings.