Finance
Utah's Real Estate Settlement Procedures Act (RESPA) Section 9 prohibits sellers from requiring buyers to use:
AAny specific real estate agent
BA specific title company as a condition of the sale✓ Correct
CA specific home inspector
DA specific appraiser
Explanation
RESPA Section 9 prohibits sellers from requiring buyers to use a particular title insurance company as a condition of the sale. Buyers have the right to choose their own settlement service providers.
Related Utah Finance Questions
- Negative amortization on a Utah loan occurs when:
- Utah conforming loan limits are set by:
- In Utah, a trust deed (deed of trust) is used instead of a mortgage. The key difference is that a trust deed involves:
- A prepayment penalty clause in a Utah mortgage:
- In Utah, when a borrower defaults on a trust deed loan, the lender typically uses:
- A graduated payment mortgage (GPM) in Utah features:
- Utah's conforming loan limits are generally higher in which counties?
- A Utah lender's loan-to-value ratio limit protects the lender because:
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →