medium · National Real Estate Exam financing
A real estate advertisement states: 'Own for less than rent! 0 down and0 closing costs for qualified buyers!'
Does this ad trigger full disclosure under Regulation Z?
- No, because '$0' is not considered a numerical value in advertising
- Yes, because the 'down payment' amount is a specific trigger term
- Yes, because all real estate advertisements must disclose the APR
- No, because the term 'qualified buyers' makes it a conditional offer
Sign up free to see the explanation and track your rank →
More National Real Estate Exam financing practice
- A borrower has a mortgage where the monthly payments are not large enough to cover the int
- An FHA loan requires the borrower to pay which type of insurance premium?
- If a borrower fails to make payments and the lender invokes the 'due-on-sale' clause becau
- In a state following 'lien theory,' who holds the legal title to the property while the lo
- What happens to Private Mortgage Insurance (PMI) under the Homeowners Protection Act when
- What is the primary function of the security instrument in a real estate loan?
- What is the specific purpose of the 'acceleration clause' in a mortgage?
- A borrower fails to make three consecutive mortgage payments… — Which clause in the promis