The fund administered by TREC for reimbursing aggrieved persons who suffer actual damages by acts committed by a licensee is the Real Estate Recovery Trust Account

What federal statute primarily serves to control the settlement costs of residential mortgage loans?

a. HMDA b. TILA c. RESPA d. ECOA

Which of the following statements supports technology driven approach to the marketplace?

A) Products should be tested and proven before releasing them. B) Providing technology to salespeople can help increase volumes. C) Quality improvement in products can result in customer value. D) Customer information systems can be used to increase sales.