About This Chapter
Government Oversight in Real Estate- Chapter Summary
The lessons found in this chapter are structured to aid your understanding of the government's role in real estate. Recall different acts and laws that the government has passed that relate to the real estate field. Specific topics in our lessons include:
- Benefits of RESPA and Regulation X
- Information about the Truth in Lending Act
- Regulation Z
- Examples of mortgage fraud
- How people are protected through the Equal Opportunity Act
- How consumers are protected by illegal business practices with competition
Each topic will be fully explained by our expert instructors. You can check on your comprehension by completing the brief self-assessment quizzes that follow every lesson. When you complete the chapter, you can then take the test that helps you evaluate your recollection of everything found within the chapter.
1. RESPA & Regulation X: Definition & Overview
Home buyers and anyone seeking real estate financing for residential property are provided with a number of benefits under RESPA and Regulation X. In this lesson we will look at the required disclosures and consumer protections in these laws.
2. Truth in Lending Act & Regulation Z: Definition & Overview
How much does that home mortgage actually cost? Let's take a look at the highlights of the Truth in Lending Act and Regulation Z to see how lenders must inform borrowers about the total costs of borrowing money.
3. What is Mortgage Fraud? Types & Examples
Every year home buyers and real estate professionals alike lie or commit crimes that involve real estate mortgages. Mortgage fraud can take a number of forms, although there are consumer protections in place to minimize incidents and their impact.
4. The Equal Credit Opportunity Act & Regulation B
Most people need access to credit in order to purchase real estate. In this lesson, you'll learn about the Equal Opportunity Act and Regulation B and how they help ensure that lenders don't unfairly deny credit.
5. Antitrust Law: Definition, Types & Outline
Antitrust laws are statutes developed to protect consumers from rapacious business practices by making it illegal for businesses to compete in unfair ways.
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Other chapters within the North Carolina Real Estate Broker License: Study Guide course
- Agency Relationships
- Types of Contracts
- Real Estate Contracts
- Real Property Ownership
- Land Use: Restrictions, Regulations & Government Control
- Finance & Financing in Real Estate
- Real Property Measurement & Valuation
- Conveyance of Real Property
- Marketing Regulations in Real Estate
- Property Management & Tenant Rights
- Real Estate Calculations
- North Carolina Real Estate License Law
- General Real Estate Topics
- North Carolina Real Estate Broker License Flashcards