ch 8 Flashcards
(31 cards)
Regulation Z – The Truth in Lending Act of 1968 is United States federal law designated to promote the informed use of consumer credit, by requiring disclosures about its terms and cost to standardize the manner in which costs associated with borrowing are calculated and disclosed.
Regulation Z – The Truth in Lending Act of 1968 is United States federal law designated to promote the informed use of consumer credit, by requiring disclosures about its terms and cost to standardize the manner in which costs associated with borrowing are calculated and disclosed.
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Regulation Z –
The Truth in Lending Act of 1968 is United States federal law designated to promote the informed use of consumer credit, by requiring disclosures about its terms and cost to standardize the manner in which costs associated with borrowing are calculated and disclosed.
A real estate licensee may have their license suspended for false advertising…?
AT (True)
BF (False)
true
Advertisements cannot make false promises…?
AT (True)
BF (False)
true
Which of the following acronyms can be used to as a guide to effective advertising…?
APETE
BAIDA
CCARE
DCATTLE
aida
The purpose of advertising is to communicate the ………. of the property through the property’s features?
ABenefits
BInterest
CDescription
DDesire
benefits
The ‘I’ in the acronym AIDA refers to…?
AIntelligence
BInvestment
CIntegration
DInterest
interest
An ad for real property placed by a real estate broker that does not indicate that the advertiser is a broker and does not include the name of the broker and telephone number is known as a…?
AOpen ad
BBlind ad
CSpecific ad
DInstitutional ad
blind ad
Blind ads are legal in California…?
AT (True)
BF (False)
false
The ‘D’ in the acronym AIDA refers to…?
ADemand
BDesire
CDown payment
DDirect
desire
The Truth-in-Lending Act is also known as…?
ACalifornia Lending Act
BFair Housing Act
CDeceptive Trade Prevention Act
DRegulation Z
regulation z
According to TILA, an advertisement for a loan must include which of the following…?
AThe terms of the loan payment
BDown payment requirements
CThe APR of the loan
DAll of the above
all of the above
Stated income is no longer used by lenders in the loan approval process…?
AT (True)
BF (False)
true
Which of the following is a federal prohibition on discrimination in sale, rental, financing, or appraisal of housing on the basis of race, color, religion, gender, national origin, handicap, or familial status…?
ACivil Rights Act of 1866
BCivil Rights Act of 1964
CFair Housing Act of 1968
DADA
fair housing act of 1968
This occurs when an agent advertises a property with the intention of showing another property to prospective buyers…?
ADual advertising
BBlind advertising
CBait and switch
DOpen advertising
bait and switch
According to HUD, the mention of which of the following is considered a discriminatory advertisement…?
ANational origin
BReligion
CRace
DAll of the above
all of the above
Which of the following is an example of a keyword an agent can use in an advertisement…?
ASpacious
BContemporary
CNewly constructed
DAll of the above
spacious
An advertisement can generate interest in a property by which of the following…?
AAllowing the buyer to imagine enjoying the benefits of the property
BAllowing the buyer to estimate the amount of expenses the property will demand
CAllowing the buyer to understand the key features of the property
DAllowing the buyer to recognize the demand for the property
Allowing the buyer to imagine enjoying the benefits of the property
An ad can create desire by appealing to the…?
ALogic of purchasing a property
BSenses and emotions of a prospective buyer
CAttention of a prospective buyer
DGeneral public
Senses and emotions of a prospective buyer
Buyers typically make decisions based on emotion rather than logic…?
AT (True)
BF (False)
true
An agent’s license number must be included on their business cards…?
AT (True)
BF (False)
true
An agent can use which of the following to advertise their services and brand themselves…?
ABillboards
BPress releases
CSpecialty gifts
DAll of the above
all of the above
Which of the following features allows an agent to include their listings on their own website…?
AConversion pixel
BPlugin
CIDX
DForm builder
idx
Which of the following information can be included on an agent’s personal website…?
AA loan qualifier
BLinks to information about local schools
CNeighborhood demographics
DAll of the above
all of the above
