{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

FRECI_7-4 - Lecture Preview Florida Real Estate Commission...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Florida Real Estate Commission Course I Pre-Licensing Course for Sales Associates Session 7 – Lecture 4 Federal and State Laws Pertaining to Real Estate Copyright, 2004 2 Lecture Preview What will you learn from this lecture? All about the Truth In Lending laws The requirements of “Regulation Z” What comprises an Annual Percentage Rate The purpose of the Equal Credit Opportunity Act Copyright, 2004 3 Vocabulary Terms None this lecture! Copyright, 2004 4 Consumer Credit Protection Act Truth-In-Lending Laws Covers advertising related to lending for real estate purchases Consumers are afforded the opportunity to compare different home loan programs based on the exact costs and terms of each Also… Truth-In-Lending Act ¨ Annual percentage rate (APR represents the ACTUAL yearly cost of credit) ¨ Other finance charges related to obtaining a loan Federal Reserve Regulation Z Applies to all NEW residential mortgages Lenders must disclose: “Bait and switch” advertising is illegal!
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern