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Reika [66]
1 year ago
6

Industry regulations, such as RESPA, can affect your business by ______. Indirectly affecting real estate and limiting how you m

ay conduct business.
Business
1 answer:
chubhunter [2.5K]1 year ago
5 0

Indirectly affecting real estate and limiting how you may conduct business.

Industry regulations, such as RESPA, can affect your business by <u>Indirectly</u><u> </u><u>affecting real estate</u><u> and </u><u>limiting</u><u> how you may </u><u>conduct business</u>

<u></u>

<h3>What is RESPA?</h3>

RESPA stands for Real Estate Settlement Procedures Act.

  • homebuyers and sellers and forbidding abusive settlement tactics, RESPA aims to lower excessively high settlement costs.
  • All Borrowers shall be informed of the potential of a transfer of mortgage servicing, real estate transactions, settlement services, and applicable consumer protection regulations.
  • In addition to detailed representations of actual settlement costs, borrowers are entitled to initial and annual escrow account statements.
  • RESPA prevents sellers from pressuring borrowers to buy title insurance from particular companies, outlaws kickbacks, referral fees, and unearned fees, and forbids loan servicers from requiring unreasonably large escrow accounts.

To learn more about RESPA visit:

brainly.com/question/13678116

#SPJ4

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Answer:

These statements would fit well in an apology letter:

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And this statement is appropriate when presenting a bad newsletter:

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4 0
3 years ago
For each error below, indicate:
patriot [66]

Answer:

1. Inventory account will be affected and assertions of accuracy and valuation will be violated.

2. Assets are overstated and assertion classification is violated.

3. Liability is understated and assertions of accuracy is violated.

4. No impact.

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Assertions are certain claims of a business which a business must fulfill in order to make its financial statements reliable. A company has to record the expense when it is incurred in order to provide accuracy in valuation. In the given cases the assertions are violated which impact business accounts.

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