Practice Of Real EstateAdvertising_regulationsEASY
A broker's website advertisement for a residential property states '3.5% down, 360 monthly payments of $1,875.' Under Regulation Z, what additional disclosure is now triggered?
Correct Answer
D) The annual percentage rate (APR) and all other required credit terms
When trigger terms such as a down payment amount, number of payments, or payment amount appear in an ad, Regulation Z requires the advertisement to also disclose the APR and other credit terms.
Answer Options
A
The broker's license number onlyB
The seller's name and contact informationC
Only the property's assessed valueD
The annual percentage rate (APR) and all other required credit termsWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Key Terms:
advertising_regulationspracticereg_zapr_disclosure
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