Ralph Watkins is a real estate attorney who owns 10% of United Escrow. Ralph refers all of his real estate clients to United for their closings. Which of the following statements is correct?
A)?Ralph has violated RESPA because there is a kickback.
B)?Ralph is not subject to RESPA because he is an attorney, not a real estate broker.
C)?Ralph can make the referral, but must disclose his ownership interest in United.
D)?None of the above
C
You might also like to view...
When a country's currency appreciates,
A. the prices of its exports and imports both rise. B. the price of its exports rise, and the price of its imports fall. C. the prices of its exports and imports both fall. D. the price of its exports fall and the price of its imports rise.
According to economist John Maynard Keynes and U.S. Treasury official Harry Dexter White, which of the following was one of the conditions that had helped to produce and prolong the Great Depression of the 1930s?
A. the shortage of production of gold in the U.S. B. the lack of a standard for determining the value of national currencies C. the dereliction of the code of conduct by IMF member states D. the lack of demand for the gold in national treasuries
A reverse split reduces the number of shares outstanding.
Answer the following statement true (T) or false (F)
Tyler would like to own a train store and operate it by himself. He has enough money to open it and operate it on his own and elects to do so. What form of business is this?
A. Sole proprietorship. B. Partnership. C. LLC. D. S-corporation.