The Underlying Purpose of RESPA Requirements Is To

question 5

Multiple Choice

The underlying purpose of RESPA requirements is to:

• A) require disclosures that give a buyer/borrower sufficient information to make informed decisions
• B) increase federal control over real estate deals
• C) introduce complex questions that necessitate employing legal counsel
• D) limit costs of closing a real estate transaction

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Definitions:

Functional Conflict

A healthy, constructive disagreement between two or more people.

Interpersonal Conflict

Conflict that occurs between two or more individuals.

Intergroup Conflict

Conflict that occurs between groups or teams in an organization.

Interorganizational Conflict

Conflict that occurs between two or more organizations.