Under the Georgia Real Estate license law, the Real Estate Commissioner is:
A. A member of the Georgia Real Estate Commission.
B. A full-time employee of the Georgia Real Estate Commission.
C. An active licensed real estate broker.
D. Appointed by the Governor.
Answer: B. A full-time employee of the Georgia Real Estate Commission.
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Which of the following is NOT a purpose of the Truth-in-Lending Act (Regulation Z)?
A. To give borrowers meaningful information with respect to the cost of credit. B. Disclosure of the annual percentage rate. C. To set maximum interest rates. D. Provide the borrower the limited right to rescind or cancel a credit transaction.
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Indicate whether the statement is true or false.
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