Under RESPA and TRID, all of the following are prohibited practices EXCEPT.
Correct Answer
B) A lender providing the borrower with a list of approved settlement service providers from which the borrower may choose
RESPA Section 9 bars a seller from conditioning the sale on the buyer's use of a named title company, Section 8(a) bars anything of value given or accepted for referring settlement service business, and Section 8(b) bars unearned fees for work no one performed. Handing the borrower a written list of providers the lender finds acceptable is the opposite of those abuses: the borrower may pick from the list or shop elsewhere, and nothing of value changes hands for a referral. The TRID rules assume the lender will supply such a list whenever a service is one the borrower may shop for.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Practice Of Real Estate Question
Background Knowledge for Practice Of Real Estate
Real World Application in Practice Of Real Estate
Common Mistakes to Avoid on Practice Of Real Estate Questions
Related Topics & Key Terms
Key Terms:
Related Concepts
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
More Practice Of Real Estate Questions
A transaction coordinator in Cary is sorting out a file issue involving prelicensing, Postlicensing, and the 18-month deadline. Which statement best applies under current North Carolina law?
Nevada law requires purchase agreement copies be kept for at least:
A closing-file reviewer in Raleigh is sorting out a file issue involving prelicensing, Postlicensing, and the 18-month deadline. Which statement best applies under current North Carolina law?
A firm owner in Chapel Hill is sorting out a file issue involving prelicensing, Postlicensing, and the 18-month deadline. Which statement best applies under current North Carolina law?
Marcus is a Michigan licensed real estate salesperson whose license expired 45 days ago. He has completed all required continuing education. Under Michigan law, what is his most appropriate course of action to resume practicing real estate?
- → A compliance reviewer in High Point is sorting out a file issue involving prelicensing, Postlicensing, and the 18-month deadline. Which statement best applies under current North Carolina law?
- → A provisional broker in Raleigh is answering a client question about advertising, supervision, and representation disclosures. Which statement best applies under current North Carolina law?
- → A buyer representative in Huntersville is updating the policy manual on prelicensing, Postlicensing, and the 18-month deadline. Which statement best applies under current North Carolina law?
- → A Charlotte broker is answering a client question about advertising, supervision, and representation disclosures. Which statement best applies under current North Carolina law?
- → Choose the North Carolina concept that fits this description about prelicensing, Postlicensing, and the 18-month deadline. Description: The North Carolina course sequence totaling ninety hours after initial licensure
- → Who issues real estate licenses in North Carolina?
- → Can brokers commingle funds in North Carolina?
- → A buyer representative in Greenville is revising a training memo on BIC eligibility, designation, and supervision. Which statement is NOT accurate under current North Carolina law?
- → A Louisiana licensee encounters a licensee receives money belonging to others. What should the licensee remember?
- → A listing broker in Asheville is updating the policy manual on trust money receipt, deposit timing, and exceptions. Which statement best applies under current North Carolina law?
People Also Study
Buyer Representation Agreement
8% of exam
Property Ownership
10% of exam
Land Use Controls and Regulations
8% of exam
Valuation and Market Analysis
10% of exam
Related Articles
Property Flyer Generator — 2026 Guide for U.S. Agents: Step-by-Step + Best Practices
Learn how Property Flyer Generator works and how U.S. real estate agents use it in 2026. Includes setup steps, practical examples, and best-practice tips.
Why Real Estate Exam Notes Stop Helping Once You Avoid Mixed Practice
A topic that feels clear in notes can still fail in practice if recall has not caught up with recognition. If you are searching for real estate exam notes...
Real Estate Exam Practice Questions by Topic (2026): Free Sets for Contracts, Agency, Financing
Get topic-based real estate exam practice sets and a simple sequence to move from learning to timed mocks.