The purpose of the Truth in Lending Act (TILA) is to promote the informed use of credit by
A. Real Estate Professionals.
B. Lenders.
C. Consumers.
D. Escrow companies.
Answer: C. Consumers.
Business
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In a listing agreement the broker receives as commission all excess monies above the minimum sales price agreed on by the broker and seller. This would be considered:
A. An open listing. B. An exclusive right to sell listing. C. A net listing. D. An implied listing.
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A "guaranteed renewable" health insurance policy is also known as a "noncancellable" policy
Indicate whether the statement is true or false
Business