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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The correct answer is choice D.
In this choice you first add 8 + 7 inside of the parentheses. Remember, using the correct order of operations, you do what is inside of the parentheses first, and then multiply by the 2 which is outside of them.
Answer:
1. Resource Market
2. Product Market
3. Resource Market
Explanation:
Resource Market
The resource market deals with resources and the means of production of goods.
Product Market
The product market deals with products and physical goods
1. Alex earns $250 per week working for Little Havana
Here Little Havana provides means for product i.e. cocktails and hence is a resource market.
2. Becky spends $10 to order a mojito cocktail.
Here Becky is buying the product, hence Product Market
3. Becky earns $650 per week working for A-Plus Accountants.
Here A-Plus Accountants provides means for product i.e. tax services and hence is a resource market.
Answer:
- Market control by a few large firms
- Either homogeneous or differentiated products
- Interdependence among firms
Explanation:
An Oligopolistic market structure is very concentrated which means that it is controlled by a few large firms who can decide to collude to influence market prices.
There is interdependence among the firms as the pricing decision of one firm affects the rest because it could either increase or decrease the market share that each firm enjoys. e.g. if one firm charges a lower price and the other firms don't, the lower price company will gain market share.
The goods sold in this market are either homogeneous or differentiated products which is why there is so much interdependence because products can be substituted.
Answer:
a. 12.00%
Explanation:
The computation of the required rate of return is shown below:
As we know that
Required rate of return = Nominal risk free rate of return + Market risk premium
where,
Nominal risk free rate of return is
= Risk free rate of return + inflation rate
= 3% + 4%
= 7%
And, the market risk premium is 5%
So, the required rate of return is
= 7% + 5%
= 12%
We simply applied the above formula