To help a buyer get an FHA loan, a real estate broker should put the buyer in contact with
A. the Federal Home Loan Mortgage Corporation
B. the designated FHA appraiser in the area
C. a lending institution approved by the FHA
D. the FHA
Answer: C. a lending institution approved by the FHA
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An applicant for an insurance license has had a previous application for a professional license denied for cause within the last five years. The insurance commissioner will:
A. Accept or deny the application after an exploratory hearing. B. Deny the application without a hearing. C. Accept the application as other licenses have no bearing on this application. D. Accept the application for a two year provisional license.
The following have the burden of proof of incapacity to contract:
A) The minor. B) The guardian. C) The conservator. D) All of the above.