One of the principal purposes of "RESPA" (Real Estate Settlement Procedures Act) is:
A: To fix the settlement costs in all real estate transactions;
B: To fix the prices of settlement costs on residential property built for 1-to-4 families;
C: To provide the prospective buyer the opportunity to shop for settlement services;
D: To standardize closing settlement services in all parts of the country.
Answer: C: To provide the prospective buyer the opportunity to shop for settlement services;
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Answer the following statement(s) true (T) or false (F)
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Adequate distribution for a new product can often be attained by giving dealers a large trade allowance
Indicate whether the statement is true or false a. True b. False