Redlining - Study guides, Class notes & Summaries

MKT 205 UPDATED Questions and CORRECT Answers Consumerism - CORRECT ANSWER- The organized movement of citizens and government agencies to improve the rights and power of buyers in relation to sellers is called __________. The failure of large retailers to put storesis disadvantaged areas - CORRECT ANSWER- What is redlining? the future needs of business and the future needs of consumers - CORRECT ANSWER- The sustainable marketing concept focuses on __________.

Who is responsible for ensuring that the Closing Disclosure is delivered to the consumer? A.The creditor B.The loan processor C.The consumer D. The CFPB - Answer-A. the creditor Which law restricts the sharing of information given when a consumer applies for a mortgage loan? A. Fair Credit Reporting Act B. FTC Disposal Rules C. Gramm-Leach-Bliley Act D. Consumer Regulatory Protection Act - Answer-C. Gramm-Leach-Bliley Act Which document actually contains the borrower's pro...

The STAR program provides a partial exemption to NYS homeowners for: A. school district taxes B. special assessment taxes C. county property taxes D. capital gains taxes - correct answers--school district taxes A licensee attempts to get listings by telling homeowners in a neighborhood that their property values will decline when a group of immigrants move in. The licensee could be found guilty of A. Blockbusting B. Steering C. Boycotting D. Redlining - correct answers--Blockbus...

What kind of life insurance product covers children under their parent's policy? Family Maintenance rider Term rider Family Income rider Payor benefit - ANSWER Term Rider Under a trustee group life policy, who would be eligible for a certificate of coverage? Corporation Employee Employer Labor union - ANSWER employee A producer must report to the Commissioner of Insurance any administrative action or criminal charges taken against the producer within __ days of the fin...

NMLS SAFE ACT MLO Exam - Ethics and Fraud Questions and Answers | Latest Update | 2024/2025 | Graded A+ A broker whose negligence in preparing a sales contract allows the purchaser to void the agreement breaches her duty to her client of: A. Due care. B. Accuracy. C. Personal performance. D. Honesty. A. Due care. "Due care" refers to the licensee's obligation to ensure that all steps in the transaction process are followed with professionalism and accuracy. Errors that a broke...

NMLS final exam questions with 100% Correct answers Which document actually contains the borrower's promise to repay the loan? A. The deed B. The mortgage C. The note D. The TIL Disclosure - Answer-C. The note The practice of intentionally targeting borrowers in poor or underserved areas with predatory loans is known as: A. Redlining B. Steering C. Misappropriation D. Reverse redlining - Answer-D. Reverse redlining If a lender wants to obtain copies of a borrower's tax ret...

Gold Coast school questions with complete solutions!Real property - correct answer Physical land and improvements together with legal rights tobowj or use a property accretion - correct answer Increase in land area as moving water deposits soil in other than its original location Security deposit - correct answer 15 days if no intention for claim Redlining - correct answer A discriminatory real estate practice in North America in which members of minority groups are prevented from o...

Sally and Dan must pay 2 points on their new $65,000 loan. What will they have to pay at closing for the points? - Answer-$1,300 Nancy bought her home last year for $425,000. Her property taxes would be assessed at a maximum of: - Answer-$4,250 Patrick has a written independent contractor agreement with his broker Tami. Last year, about 25% of his income came from sales commissions. The other 75% came from an hourly wage paid by Tami. For income tax purposes, the IRS would probably classif...

NMLS Safe Test Mortgage Licensing Practice Exam Q's with Complete Solutions Which federal law requires that the Loan Estimate be provided to the borrower within three business days of the time of loan application is taken? TILA What type of scam entails homeowners who are encouraged to refinance their property over and over until little or no equity remains? Loan flipping or churning After a loan closing, funds are disbursed. When are the funds disbursed for an owner-occupied, r...

(Summary) Pearson Vue Real Estate Utah,Over 500 Questions And Correct Answers. Complete Verified Solution Errors and Omissions (E&O) Insurance Protects companies and their workers or individuals against claims made by clients for inadequate work or negligent actions Puffing extravagant claims made by sellers in order to attract buyers Due on sale clause a stipulation in a mortgage or deed of trust, requiring a borrower to pay the entire loan balance upon the sale of the property for whic...