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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Family planning is the major point so as to reduce birth rate in the country immigration and emigration
True, it’s a good idea because it helps protect your home and other assets
Answer: $425,000
Explanation: The total overhead cost can be computed suing following formula :-
total overhead cost = fixed overhead cost + variable overhead cost
where,
fixed overhead cost = $90,000
=$335,000
so,putting the values into equation we get :-
total overhead cost = $90,000 + $335,000
= $425,000
