NMLS
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NMLS 2
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997 NMLS Questions with Answers 
The practice of getting people to sell their homes at bargain prices by suggesting that 
certain 
ethnic groups are going to move into the area is nicknamed: 
-Price fixing 
-Redlining 
-Steering 
-Blockbusting>>>> Blockbusting 
You and the borrower believe an Adjustable Rate Mortgage would be best for the 
borrower. What 
is the name of the booklet you are required to give? 
-CHARM Booklet 
-ARM Disclosure 
-Fair Lending Practices Booklet 
-RESPA Bo...
- Exam (elaborations)
- • 154 pages's •
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NMLS•NMLS
Preview 4 out of 154 pages
997 NMLS Questions with Answers 
The practice of getting people to sell their homes at bargain prices by suggesting that 
certain 
ethnic groups are going to move into the area is nicknamed: 
-Price fixing 
-Redlining 
-Steering 
-Blockbusting>>>> Blockbusting 
You and the borrower believe an Adjustable Rate Mortgage would be best for the 
borrower. What 
is the name of the booklet you are required to give? 
-CHARM Booklet 
-ARM Disclosure 
-Fair Lending Practices Booklet 
-RESPA Bo...
560 NMLS Terms and Exam Questions 
Review and Answers 
RESPA >>>Real Estate Settlement Procedures Act 
Regulation X 
Which of the following circumstances is least likely to lead to a determination that two 
entities are operating a sham affiliated business arrangement under RESPA? 
A. The same person owns both entities 
B. One entity shares office space with the other entity 
C. One entity's business comes exclusively from referrals from another entity 
D. Both entities share the sam...
- Exam (elaborations)
- • 135 pages's •
-
NMLS•NMLS
Preview 4 out of 135 pages
560 NMLS Terms and Exam Questions 
Review and Answers 
RESPA >>>Real Estate Settlement Procedures Act 
Regulation X 
Which of the following circumstances is least likely to lead to a determination that two 
entities are operating a sham affiliated business arrangement under RESPA? 
A. The same person owns both entities 
B. One entity shares office space with the other entity 
C. One entity's business comes exclusively from referrals from another entity 
D. Both entities share the sam...