1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
BruceCo is planning on selling backpacks for $100 each. The company can buy the backpacks for $30.00 and have them customized fo
Evgen [1.6K]

Answer: BruceCo would have to sell 220 backpacks

Explanation: The projection of a $10,000 profit can be calculated properly by the equation;

Revenue - Cost = Profit

There is a one-time set up charge of 1000 and this is a fixed cost (as it does not change regardless of how many units they eventually sell). Also they would be spending $30 to buy each unit and still spend $20 to customize each. So each unit would cost $50 to acquire. If they plan on selling each unit at the rate of $100, then the total revenue would be 100 times X (where X is the number of units sold). Therefore the profit can be better projected by the equation;

Revenue - Cost = Profit

100X - (50X + 1000) = 10000

100X -50X - 1000 = 10000

50X = 10000 + 1000

50X = 11000

Divide both sides of the equation by 50

X = 220

Therefore, BruceCo must sell 220 units (at least) in order to meet a $10,000 profit projection

4 0
2 years ago
According to McClelland's research, the need for achievement is
Pepsi [2]

Answer:

the need that drives a person to work and even struggle for the objective that he wants to achieve

Explanation:

4 0
2 years ago
Garza Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and compu
SCORPION-xisa [38]

Answer:

$57,400

Explanation:

The computation of the estimated total manufacturing overhead for the Customizing Department is shown below:

= Total fixed manufacturing overhead cost + Direct labor-hours × Variable manufacturing overhead per direct labor-hour

= $35,000 + 7,000 direct labor hours × $3.20

= $35,000 + $22,400

= $57,400

All other information that is given in the question is ignored.

7 0
3 years ago
Omega, Inc. sells its fitness wrist band for $100. It cost the company $62 to make the product. While Tom values the Omega wrist
dangina [55]

Answer:

B. each customer's reservation price.

Explanation:

Reservation price is the highest amount a buyer would be willing to pay for a good or service.

I hope my answer helps you

7 0
3 years ago
Read 2 more answers
Which costs are paid by the loan application fee?
Vedmedyk [2.9K]

Answer:

Loan application fees can be required for all types of loans and are intended to pay for the costs of the process of loan approval

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • Use the following information to calculate the dollar cost of using a money market hedge to hedge 200,000 British pounds of paya
    11·1 answer
  • An accountant has been engaged to compile the financial statements of a nonissuer. The financial statements contain many departu
    12·1 answer
  • Spence wants to have $176,000 in 7 years. He plans to make regular savings contributions of $13,100 per year for 7 years, with t
    5·1 answer
  • The balance of the Cost of Goods Sold account at the end of the year represents:(A) The cost of inventory not sold in the curren
    15·1 answer
  • Which data model has the highest level of abstraction?
    7·1 answer
  • The difference between a secured loan and unsecured loan is that the secured loan is
    8·2 answers
  • Classify each of the following financial statement items based upon the major balance sheet classifications.
    10·1 answer
  • In capital budgeting analysis, the cash flows are estimated based on:a.forecasts of future cash revenues, expenses, and investme
    13·1 answer
  • If a preferred stock from Pfizer Inc. (PFE) pays $4.00 in annual dividends, and the required return on the preferred stock is 8.
    14·1 answer
  • HURRY! 20 points! Which of the following is the most important requirement for career advancement in art design?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!