Practice Of Real EstateAdvertising_regulationsMEDIUM
A broker advertises a property and states that the seller will pay $5,000 toward the buyer's closing costs. The ad also includes the monthly payment amount. Under Regulation Z, the broker must now also include which of the following?
Correct Answer
D) The APR, loan amount, total of payments, and repayment terms
Including a monthly payment amount is a trigger term under Regulation Z. Once triggered, the ad must also disclose the APR, loan amount, total of payments, and repayment terms.
Answer Options
A
Only the seller's motivation for sellingB
Only the property's tax assessmentC
The broker's personal phone numberD
The APR, loan amount, total of payments, and repayment termsWhy This Is the Correct Answer
Sign up free to unlock full analysis
Why the Other Options Are Wrong
Sign up free to unlock full analysis
Deep Analysis of This Practice Of Real Estate Question
Sign up free to unlock full analysis
Background Knowledge for Practice Of Real Estate
Sign up free to unlock full analysis
Sign up free to unlock full analysis
Real World Application in Practice Of Real Estate
Sign up free to unlock full analysis
Related Topics & Key Terms
Key Terms:
advertising_regulationspracticereg_zfull_disclosure
Was this explanation helpful?
More Practice Of Real Estate Questions
Rhode Island Real Estate Law mandates E&O insurance. What is its purpose?
Fair housing complaints in WV can be filed with:
How many members serve on the New Mexico Real Estate Commission (NMREC)?
Nevada law requires purchase agreement copies be kept for at least:
For a month-to-month tenancy to be legally valid, which must the contract include?
- → A WV licensee violating fair housing may face:
- → Is commingling legal in Hawaii?
- → In NYC, a security deposit for residential rentals cannot exceed:
- → A 55+ community in Florida must have at least what percentage of units with a resident 55 or older?
- → Under Florida fair housing law, advertising that states 'near church' is:
- → In Florida, a landlord must return security deposit within:
- → How many hours of CE are required for Hawaii salespersons?
- → Alaska fair housing law adds which protected classes beyond federal law?
- → Delaware has license reciprocity with which states?
- → How long are terms for NH Real Estate Commission members?