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>
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<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:
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Where are the answers? Don't have much to work with...
Answer: provisions
Explanation: According to ias 37
Answer:
Explanation:
4 worries about Bold and Best (BB) are:
- Demand for BB may fall in the next few years, as customers are now less interested in purchasing BB or there is another substitute product for BB which is available in the market.
- Input costs/Production cost for BB may rise in the next few years, may be because of shortage of raw materials.
- The decline in BB sales may affect Baldwin's profitability as a whole because BB's revenue is currently the largest portion of the total revenue.
- Real purchasing power of customers fall because of a rise in expected inflation in the economy, which will lead to a fall in sales of BB.