The basic protection of a lender on a purchase-money second trust deed would be:
A: Equity of the borrower;
B: Credit rating of the borrower;
C: Amount of second trust deed;
D: The borrower's ability to repay.
Answer: A: Equity of the borrower;
Business
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Which of the following statements is TRUE of an exclusive right to sell listing agreement?
A. The seller can sell their property without paying a real estate commission. B. The listing broker is guaranteed a fee if the property is sold. C. The listing broker must find the buyer to collect a fee. D. The seller usually appoints may brokers to find a buyer.
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Generally, unless the SEC objects, a registration statement does not become effective until 20
days after it is filed. Indicate whether the statement is true or false
Business