The RESPA Uniform Settlement Statement must be used to illustrate all settlement charges for residential transactions financed by federally related mortgage loans.
More about RESPA Uniform Settlement Statement:
The United States passed the Real Estate Settlement Procedures Act (RESPA). Congress mandated full disclosure of settlement costs to purchasers and sellers in 1975.
RESPA was also developed in order to limit the usage of escrow accounts, forbid kickbacks, and remove abusive tactics in the real estate settlement process. The Consumer Financial Protection Bureau is now in charge of enforcing the federal law known as RESPA (CFPB).
Learn more about RESPA here:
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Answer:
4
Explanation:
Demand is the quantity of goods and services bought at a given price.
The higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. This is known as the law of demand
Market demand is the sum of demand of individuals at a given price
market demand at $7 = 3 + 1 = 4
Answer:
$115,269 decrease
Explanation:
Below are the following information given in the question.
Purchase price = $15
Variable cost per unit = $12
Fixed cost per unit = $10. i.e $22-$10
Production in units = 38,423
N.B. As in the above scenario, we will need to factor in the variable cost per unit only in order to determine whether it is convenient to make the part in house or purchase it. Also, we will have to ignore fixed costs because of the fact that it is constant in the option of whether to buy or make part in house.
Therefore,
Option at purchasing/Buying
= $38,423 × $15
= $576,345
Option at making the part in house
= $38,423 × $12
= $461,076
Cost difference is therefore = $115,269 decrease
Answer:
Transactional relationships
These relationship are based on exchanging things for as much less the company can compensate for the items being purchased. This is generally accepted principle for trade to gain maximum by offering little for more. These principle is also considered by Big company and its customer Office Depot. So what would happen in this case is that the Office Depot will be offering the Big Company inc a competitive price for the product and on the other hand the Big Company inc will also offer competitive price for those products.