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chp 7 second class > ch 8 > Flashcards

ch 8 Flashcards

1
Q

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

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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2
Q

Regulation Z –

A

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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3
Q

A real estate licensee may have their license suspended for false advertising…?
AT (True)
BF (False)

A

true

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4
Q

Advertisements cannot make false promises…?
AT (True)
BF (False)

A

true

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5
Q

Which of the following acronyms can be used to as a guide to effective advertising…?
APETE
BAIDA
CCARE
DCATTLE

A

aida

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6
Q

The purpose of advertising is to communicate the ………. of the property through the property’s features?
ABenefits
BInterest
CDescription
DDesire

A

benefits

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7
Q

The ‘I’ in the acronym AIDA refers to…?
AIntelligence
BInvestment
CIntegration
DInterest

A

interest

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8
Q

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

A

blind ad

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9
Q

Blind ads are legal in California…?
AT (True)
BF (False)

A

false

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10
Q

The ‘D’ in the acronym AIDA refers to…?
ADemand
BDesire
CDown payment
DDirect

A

desire

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11
Q

The Truth-in-Lending Act is also known as…?
ACalifornia Lending Act
BFair Housing Act
CDeceptive Trade Prevention Act
DRegulation Z

A

regulation z

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12
Q

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

A

all of the above

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13
Q

Stated income is no longer used by lenders in the loan approval process…?
AT (True)
BF (False)

A

true

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14
Q

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

A

fair housing act of 1968

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15
Q

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

A

bait and switch

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16
Q

According to HUD, the mention of which of the following is considered a discriminatory advertisement…?
ANational origin
BReligion
CRace
DAll of the above

A

all of the above

17
Q

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

A

spacious

18
Q

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

A

Allowing the buyer to imagine enjoying the benefits of the property

19
Q

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

A

Senses and emotions of a prospective buyer

20
Q

Buyers typically make decisions based on emotion rather than logic…?
AT (True)
BF (False)

A

true

21
Q

An agent’s license number must be included on their business cards…?
AT (True)
BF (False)

A

true

22
Q

An agent can use which of the following to advertise their services and brand themselves…?
ABillboards
BPress releases
CSpecialty gifts
DAll of the above

A

all of the above

23
Q

Which of the following features allows an agent to include their listings on their own website…?
AConversion pixel
BPlugin
CIDX
DForm builder

A

idx

24
Q

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

A

all of the above

25
Q

Which of the following expenses are paid by the agent…?
AMarketing expenses
BAssociation fees
CAdvertising expenses
DAll of the above

A

all of the above

26
Q

Bait and switch ads are legal in California…?
AT (True)
BF (False)

A

false

27
Q

An advertisement for a property that does not identify the agent or broker marketing the property is known as a…?
AConversion ad
BBait and switch ad
COpen ad
DBlind ad

A

blind ad

28
Q

A real estate licensee cannot include which of the following information in their advertisements…?
AThe property description
BThe property address
CFinancial terms or offers
DThe agent’s name and contact information

A

Financial terms or offers

29
Q

Advertising by a real estate broker may be considered institutional or…?
ASpecial
BSpecific
CIndividual
DProprietary

A

specific

30
Q

Specific advertising is also known as…?
AInstitutional advertising
BConversion advertising
CBrand advertising
DOperational advertising

A

Operational advertising

31
Q

Institutional advertising is primarily used for…?
AProviding information about properties
BSelling a prospective buyer on a property
CMarketing a specific property
DBranding purposes

A

Branding purposes

chp 7 second class (6 decks)

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